8.10.2005

Thank God for Golden Handshakes

Thank God the courts have decided to let stand Michael Ovitz's 140 million dollar golden handshake (he worked for Disney for 14 months) against the surreptitious claim (brought by shareholders) that the Disney Board acted irresponsibly. See link: http://www.nytimes.com/2005/08/10/business/media/10governance.html?hp&ex=1123732800&en=8f4ddbd3577db810&ei=5094&partner=homepageThank God that the courts have chosen to defend the plutocracy! I mean, what is this world coming to when a guy can't take home his hard-earned pay?