keywords: severance suing shareholders disney fired
text: Disney chief defends paying \$140m to fired president Lawyers for investors suing Walt Disney Co. questioned whether chief executive Michael Eisner held a formal meeting to tell board members there were no grounds to deny then-president Michael Ovitz \$140 million in severance. Shareholders of Disney, the number two US media company, contend directors did not know Ovitz might be entitled to the \$140 million if ...