Work hard, get promoted, succeed in your new post, and eventually you'll start earning the big money. This progression seems like a firmly ingrained part of the American Dream, and it's certainly worked for a lot of people.
Conviction Vindicates Wiretap Victims
On a muggy Friday evening in September, photographers and fans lined the red carpet outside the Design Exchange in downtown Toronto. They were waiting for George Clooney, the guest of honor at the afterparty celebrating the premiere of "Michael Clayton," the hottest ticket at this year's Toronto Film Festival. Inside the cavernous room, Reese Witherspoon and Jake Gyllenhaal, Hollywood's undercover It Couple, quietly danced. A tipsy blond knocked over an ice sculpture.
CNNMoney: Want more money? Failupdated: Wed Sep 20 2006 10:29:00
In the quest for more pay, forget the whole "list your accomplishments, then ask the boss for a raise" thing. It doesn't seem nearly as effective as getting fired or doing a mediocre job before quitting.
Fortune: Why dream teams failupdated: Thu Jun 08 2006 09:43:00
In what universe is it even conceivable that the United States could fail to reach the semifinals of something called the World Baseball Classic? Not only fail to win, but could field a team that i...
You don't often find examples of the best and worst executive teams involving the same person, but consider the case of Michael Eisner. For the first ten years of his reign at Disney, he and COO Frank Wells formed one of corporate America's great teams.
THE WORD OUT OF ALLEN & CO.'S ANNUAL mogulfest in Sun Valley, Idaho, this month is that Eisner and Ovitz still aren't speaking. Which isn't surprising. Epic feuds are as much a part of Hollywood as...
IT WAS A DARK AND STORMY NIGHT. The little G3 carrying my pals and me was bumping up and down like a bad tech stock. "We're gonna have to take a tiny detour," said the pilot. I felt us descending i...
POP QUIZ: HOW MUCH DID MICHAEL Ovitz charge to his expense account during his 14 months at Disney?
Fortune: Don't be like Mikeupdated: Mon Dec 13 2004 00:01:00
Eisner and Ovitz and Ovitz and Eisner. Ovitz and Eisner and Eisner and Ovitz. Bright, shiny stock options tied up with string ... these are a few of my favorite things!
NEW YORK (CNN/Money) - Everyone knows that investment bankers and traders can rake it in.
Fortune: ON THE RADARupdated: Mon Nov 01 2004 00:01:00
Another trial for Disney
A different Michael is about to take center stage at Walt Disney Co.
I'm sick and tired of the eternal handwringing over CEO pay. Yes, it's out of control; we all know it, and that's as far as we ever get. A year ago the conventional view held that CEO pay was next ...
Once upon a time, in a magical place called Disney, there lived a man named Michael whose days overflowed with happiness and fun. He was the host of his own television show. He was the toast of Bro...
At one time not so long ago, Joe Eszterhas was the highest-paid screenwriter in Hollywood -- and the most controversial. The former Rolling Stone magazine writer -- part of that periodical's early-'70s writers' Golden Age -- wrote "Music Box," "Basic Instinct" and "Showgirls."
In Fall 1996, Michael Eisner, the chairman and CEO of Walt Disney Co., decided he had made a big mistake. Just a year earlier he had hired Hollywood power broker Michael Ovitz as Disney's president...
Money Magazine: The Ledgerupdated: Mon Oct 01 2001 00:01:00
In the Black
The past 100 years have easily been the most frenetically paced in the history of business, bookended by the flowering of the Industrial Revolution and the global ball of e-string that is the Inter...
Over the past year I had read articles declaring the CD dead, heard friends talk about friends who had stopped patronizing record stores, and watched music executives fret over the impending meltdo...
A decade ago, as head of Creative Artists Agency, Michael Ovitz broke the rules of Hollywood agenting. Today, after a brief stint as president of Disney and a fling with the now-bankrupt Broadway c...
This spring, while rank-and-file recruiters were working themselves into a predatory frenzy at Wharton and Harvard, executive search types were drawing a bead on the class of '98 at Disney. They ba...
No matter how Hollywood changes, one thing remains the same--talent drives the entertainment business. This was true when pioneers like Louis B. Mayer created the studio system to lock up the bigge...
In the world of CEO succession planning, companies generally need to contend with two possibilities. The first, and more common, is the relatively predictable retirement of a chief executive. More ...
In Hollywood these days, it's almost possible to believe Michael Ovitz never happened. Talent agencies are trying to get their clients work, not broker corporate megamergers or prove they're sharpe...
In the morning on his way to work, J.P. Morgan is said to have visited an astrologer named Evangeline Adams, a descendant of John Adams. "Is it true that millionaires consult astrologers?" someone ...
Graef "Bud" Crystal has long been a preeminent critic of excessive executive pay. Then along comes the most controversial pay package in recent memory--Disney's handing Michael Ovitz $70 million (a...
No sooner do we chronicle the feats of the super-CFO (November 13, 1995) than this new action hero strikes again. By switching from finance chief at Walt Disney Co. to CEO of Hilton Hotels--a tiny ...
Yes, once again there are only a handful of days until that magic moment arrives when we must provide manifestations of regard for those who already have everything. I'm not talking about spouses, ...
Sure, the recent mergers between Walt Disney Co. and Capital Cities/ABC and Time Warner and Turner Broadcasting pair fine assets. But the most tantalizing question surrounding the two megadeals inv...
In the town that produces buddy movies, Walt Disney Co. Chairman Michael D. Eisner finally settled on his own, with the naming of superagent Michael Ovitz as the new Disney president and his "partn...
"As long as I am treated nicely, and I can be of some help, I'll be only too pleased to do anything I can, anytime," says MCA President Sidney J. Sheinberg. Had he been able to get that message thr...
At Harvard in the spring, all seniors' watches are set to the same time: the eve of greatness. Even in coffee shops, one hears wonders of a world to come. Three seniors, eating eggs the morning aft...
IF YOU KNOW the Coca-Cola Co. or have ridden the stock's 1,000% rise this past decade, you know the power behind the pop: It's those wonderfully profitable international operations. But you may not...
When you are a legendary studio starved for a hit, who you gonna call? If you're Columbia Pictures Entertainment, you dial Michael Ovitz, 42, the agent extraordinaire often dubbed the most powerful...
FADE IN on an Asian warrior, perched atop a dark stallion, sword at the ready. He is not just any feudal lord; he is the leader, the Shogun, who demands strict obedience and loyalty. Cross him and ...
© 2012 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|