Chapter 703: Michael's Quarrel
Beverly Hills, Country Club.
VIP lounge area.
Don's head is a bit big.
Under his leadership, Michael Ovitz and Michael Eisner met.
As a result, the two sides quarreled!
"Accuse me, Disney, it's a bunch of ungrateful bastards!"
Michael Ovitz was very annoyed.
Michael Eisner was equally outraged and whispered, "Ungrateful, what did you contribute to the company during your year at Disney?"
"Do you need me to list them all?"
"You say!"
Michael Ovitz said coldly: "ABC's ace program "Home Renovation Plan" was an asset worth $250 million. However, there was a problem at the time, and the lead actor Tim Allen claimed to quit, and I stepped in to settle the matter!"
"Is that you?" said Michael Eisner, with a slight mockery, "yes, you settled the matter and almost got Disney in a lawsuit from the Securities and Futures Commission and shareholders." ”
"You're talking nonsense!" Michael Ovitz widened, "Tim Allen loves art, and he's very interested in my collection of paintings. In order to convince him, I bought a work from the contemporary painter Roy Lichtenstein and gave it to him for only $1,500 through my connections, which was the key to his change of heart!"
"So you're thinking about getting the company to reimburse you?" said Michael Eisner.
"I'm working for Disney, and the company is coming to reimburse the painting, isn't that right?"
"Hmph, it seems that you really haven't worked in a listed company. Don't you understand that listed companies are not allowed to give gifts?"
Michael Ovitz paused slightly, and his tone was still tough: "Ridiculous and ridiculous rules!"
"It's that you haven't seen the world. ”
"Okay, even so, what about Katzenberg? Back then, you and Jeffrey Katzenberg had a lot of trouble, and I came forward to help you settle him, and they all negotiated with him, Disney only needs to pay 90 million US dollars, and the contract dispute can be resolved privately. The result?"
Michael Eisner's face was so blue that he couldn't speak.
Don naturally knew the outcome.
Michael Eisner was arbitrary, and instead of accepting Ovitz's offer, he chose to go toe-to-toe with Jeffrey Katzenberg.
As a result, the court pronounced a verdict that Disney was in breach of contract.
Disney paid $130 million in compensation and more than $30 million in attorney fees, litigation costs and public relations fees.
This is the biggest stain on Michael Eisner's life.
Michael Ovitz didn't want to let him go so easily, and said coldly: "Before I joined Disney, I was an agent for 30 years, and in my hands, there was never an unsolvable conflict, and there was never an unreachable agreement! I have a 100% accuracy rate! In terms of reaching a settlement, the accuracy rate is also 100%! But what is the result? Working at Disney, every time I want to do something, someone is always holding me back!"
At that time, Michael Ovitz was a veritable No. 1 agent in Hollywood, with so much power that he was able to beat the six major film companies.
But as a result, he jumped ship and went to Disney, ruining his reputation for half his life.
The price is dearly.
Not to be outdone, Michael Eisner said, "Someone is holding you back? But look at what you did back then? You're going to buy the Los Angeles Lakers! You're going to buy the Seattle Seahawks! You're going to buy EMI Records! If I hadn't stopped such a ridiculous decision, Disney would have been doomed a long time ago!"
"It's ridiculous!"
Michael Ovitz's face was gloomy and disdainful, "Don't forget, I also proposed to spend $100 million to buy 50% of Yahoo's shares! If this deal is completed, the market value of this stock will now exceed $24 billion! It is equal to half Disney!"
Michael Eisner also has enough rebuttals, saying: "The way you manage the film department is still the way the agent thinks. You're treating the studio as a money bag, and after you join Disney, the annual cost of hiring people can reach $80 million. But in fact, it only costs $8 million!"
Michael Ovitz said coldly: "I'm talking about Yahoo, it's $24 billion worth of stocks!"
Michael Eisner's face turned pale.
This is unreasonable.
Don couldn't take it anymore, interrupted the argument between the two, shook his head and said, "Anyway, it cost $3.7 million to renovate the office...... It's amazing. ”
"No, the office on the third floor is a temporary office, and that doesn't count on my head. I'm the president of the group, and I'm supposed to be working on the fourth floor. It's not my fault. Michael Ovitz was in a good mood.
Donn frowned, "Even so, you spent a full $2.7 million on renovating the office on the fourth floor!"
Michael Ovitz said: "That's because in a hurry, more than $1 million was spent on overtime pay for workers. ”
Don was speechless.
Michael Ovitz, who is an agent, really doesn't give an inch!
"Okay, then the court will see you!"
Michael Eisner couldn't take it anymore.
"Stop!"
With a wave of his hand, Tang En interrupted the two who were angry, and said in a deep voice: "Okay, this matter has been passed for so many years, and there is no need to go through the old accounts anymore." With Disney's market value rising and Legendary Pictures' turnover increasing every year, how good is the current situation? Is it necessary to go to court?"
Michael Eisner was silent.
He certainly didn't want to go to court.
Though...... He is in charge.
Michael Ovitz was too extravagant and wasteful at Disney back then.
Disney's shareholders have some truth in accusing him of embezzlement of the company's assets.
It's just that the last time I went to court with Jeffrey Katzenberg, I made a big fool.
I don't want to do that again.
Not to mention Michael Ovitz, who, as the defendant, is certainly willing to settle it privately.
Otherwise, he wouldn't have come today.
Don sighed and said earnestly, "Michael...... Uh, Ovitz, Eisner, I know you've been friends for decades. There is no deep hatred between you, you are not enemies!"
Michael Ovitz sighed.
He was a few years younger than Michael Eisner, but he was almost sixty years old.
How can there be no reminiscences of those years?
Michael Eisner groaned and shook his head, "I never thought of accusing him, it was the board's request. Disney is auditing its internal accounts for unreasonable defaulted expenditures that year, including Jeffrey Katzenberg, Steve Burke and others. ”
"Quite simply, this is looking for a turning point of contradiction. ”
Don shrugged his shoulders and pointed out the problem directly.
Michael Eisner sighed: "Yes, the contradiction has shifted. ”
Disney has failed in two consecutive films, and the film business has once again been questioned. Investors are full of worries about Disney's prospects and have sold off stocks one after another.
With the release of "The Chronicles of Narnia 2", Disney's market value has evaporated by $3.5 billion.
The best way to solve this problem is to shift the focus of the conflict!
Let the media and investors no longer pay attention to Disney's film business, but pay attention to Michael Ovitz's lawsuit.
Diverting contradictions is often a common way to solve some incurable diseases.
"Actually...... It doesn't have to be that way!"
Tang En waved his hand and decisively gave his judgment. (https:)
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