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WILMINGTON, Del., Aug. 10 (UPI) -- A Delaware judge gave a highly qualified pass to Walt Disney Co.'s outgoing chief executive for paying a fired executive $140 million.
Chancellor William B. Chandler III of Delaware Chancery Court ruled that Michael Eisner was within his rights to pay the huge sum to Michael S. Ovitz, whom he hired and then fired in 1995 as Disney's president, the New York Times reported Wednesday.
However, Chandler leveled a blistering attack on Eisner's judgment Tuesday, calling him a "Machiavellian" schemer who "enthroned himself as the omnipotent and infallible monarch of his personal Magic Kingdom."
The decision, hailed by Eisner's lawyer, will be appealed by the plaintiffs.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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PORTLAND, Ore., May 23 (UPI) --
A $17.9 million U.S. Navy delivery order for maritime imaging systems has been received by FLIR Systems Inc.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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