In the Washington Post, columnist Robert J. Samuelson has suggested that Michael Eisner, the CEO of the Walt Disney Co., pay Michael Ovitz's severance package out of his own pocket. The $90 million Ovitz is due to receive for flopping as an executive, Samuelson says, has become a "public relations calamity" that Eisner could end by simply picking up the check.
I agree with Samuelson that it would be bracing if Eisner took responsibility for his own blunder in hiring such a turkey for president of the company in the first place. But I don't see it happening. I hope that...
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