DEEP POCKET, SHORT REACH

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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