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Delaware Court Warns Directors and Officers on Oversight of Executive Compensation
Perkins Coie Link to more items from this source
June 27, 2003

Excerpt: On May 28, 2003, the Delaware Court of Chancery issued a ruling that could expose directors of The Walt Disney Company (Disney) to personal liability for asserted breaches of their fiduciary duties in the hiring and subsequent termination of Michael Ovitz as Disney president--decisions that resulted in an alleged $140 million payout for a [single] year's work.  MORE >>

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