Disney-Ovitz revisited?

morgan7.gifThis sure sounds pretty darn similar to the corporate case of the decade:

[Stephen] Crawford, a former investment banker who was appointed co-president by Philip J. Purcell in March amid a power struggle, left the firm yesterday. . . Mr. Crawford’s pay package is particularly unusual because he was co-president for only three months, yet he will take home a severance package that pays him [$32 million] as if he had been co-president for two years and allows his stock to vest – the executive-suite equivalent of hitting the lottery.

That’s pretty good work if you can get it. ;^)

Leave a Reply