February 07, 2005
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The plaintiffs pointed to clashes with other top executives, elitist behavior at company retreats, extravagant expenses such as $2 million office renovation and attempts to obtain a position with Sony Entertainment during his employment as legitimate reasons why he should not have been entitled to the severance package. They also produced internal memos written by Eisner that said "He (Ovitz) is a psychopath. Doesn't know right from wrong. Cannot tell the truth." Ovitz countered that he was not given sufficient support by Eisner and that the position was not as described. The Disney company and directors seem to be saying that while there were insufficient reasons to fire
Ovitz “for cause”, the $140 million was well spent to get rid of him.
This case could have major repercussions on future liability for members of boards regarding executive compensation and severance packages. In the context of this article, it is clear that Michael Ovitz was not a good fit for Eisner and Disney, an expensive lesson for the company.
Testing personality types can also be used for match mating services. E-harmony is a firm that goes beyond the online dating services. E-harmony's proprietary matching model finds people who are compatible with clients taking into consideration 29 Dimensions that determine long-term success. These dimensions are broken down into the following 4 major categories Character & Constitution, Personality Emotional Makeup & Skills and Family & Values. Clients fill out a Relationship Questionnaire (~500 questions) and receive a free Personality Profile that shows how they are seen by others and highlights relationship strengths and weaknesses. The profile helps client learn more about
themselves and their ideal partner and allowing the firm to match them with highly compatible singles. E-harmony places compatible persons in contact with one another, initially anonymously. The company charges $50 the first month and discounts for multiple month agreements.
The company began in April 2000. Today around 5 million have registered and there are probably 1 million active clients. On December 20th E-Harmony announced that it had raised $110 million in VC funding, more than enough to make an EDA startup jealous.
Do you feel richer?
his charitable foundation.
CIMdata Praised Cimmetry's AutoVue For Enterprise-Wide Product Visualization AutoVue Enables Global Product Development
Discretix Broadens its Mobile and Flash Security Solutions with Virage Logic's NOVeA(R) Embedded Memory
Synopsys and Altera Collaborate to Deliver ASIC-Strength Flow Supporting Altera's Stratix II FPGAs and HardCopy II Structured ASICs
IP & SoC News
LSI Logic Launches ZSP(R) Foundry Program; Broadens Access to DSP Technology for Fabless Semiconductor Companies
TSMC 90 Nanometer Libraries Support Nexsys 90nm Production; Advanced Libraries Drive Faster Time to Volume, Better Yields
Signed, Sealed, Delivered: Freescale Semiconductor Delivers Postage Stamp-Sized, Revolutionary Technology
WJ Communications Completes Acquisition of Telenexus, Inc.; Fourth Quarter Financial Results Now to be Released on February 17 After the Market Close
Analog Devices Expands Low-G MEMS Portfolio with 3-Axis Accelerometer Technology for Portable Applications
Skyworks Integrates StarCore's Processor Technology; Digital Signal Processor a Key Building Block for New Wireless Products
Agere Systems Announces Network Processor Double Play That Can Save Telecom Equipment Manufacturers Millions of Dollars
LSI Logic Offers Industry's Fastest 440 MHz Synthesized MIPS32(R) 24Kf(TM) Processor Core With Reference Design
National Semiconductor Introduces World's First LVDS SerDes Chipset for Very High Temperature Analog Interface Applications
ElectriPHY Appoints Seasoned Semiconductor Executive to Top Leadership Post; Ray Farnham Named Chief Executive Officer
Conexant Meets Revised First Fiscal Quarter 2005 Performance Expectations; Company Records $141 Million in Revenues and Reduces Channel Inventory by Approximately $50 Million
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