Messages
Proposals
Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.
Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support
CASE BRIEF 17.4
Brehm v. Eisner
746 A.2d 244 (Del. 2000)
FACTS: Michael Eisner, then-CEO and Chairman of Disney, hired Michael Ovitz as his second-
in-command at Disney. Mr. Eisner had a history of not working well with powerful second-in-
commands, and Mr. Ovitz was a powerful Hollywood talent agent and producer. In less than one
year, Mr. Ovitz and Mr. Eisner were at such odds, that Mr. Eisner and the board agreed to pay
Mr. Ovitz over $38,000,000 in cash compensation and 3,000,000 in Disney stock to leave the
company. The shareholders brought suit against the Disney board alleging that the board’s
supervision of Eisner was lax, that the hiring was a poor business decision, and that the amount
paid to end the arrangement constituted waste. The board says it just made a mistake.
The Delaware Court of Chancery dismissed the shareholders’ complaint because of the business
judgment rules. The shareholders appealed
ISSUE ON APPEAL: Was the decision to hire and terminate Mr. Ovitz protected under the
business judgment rule?
DECISION: Yes. The pay-out was outrageous, the processes of the board were not crackerjack,
and the shareholders were justifiably upset, but they had not established that the board did not
have its reasons for just getting rid of Ovitz with the pay-out. There were downsides to litigating
with Ovitz and dragging the company through the process.
Questions:
1. What must the shareholders prove to recover?
2. What does the court say is the relationship between good corporate governance, liability, and
business judgment?
3. What alternatives to litigation do shareholders have?
| Writer | Writer Name | Amount | Client Comments & Rating |
|---|---|---|---|
ONLINE |
Instant Homework Helper |
$36 |
She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up! |
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
Custom Original Solution And Get A+ Grades
| Writer | Writer Name | Offer | Chat |
|---|---|---|---|
ONLINE |
University Coursework HelpHi dear, I am ready to do your homework in a reasonable price. |
$77 | Chat With Writer |
ONLINE |
Top Essay TutorI have more than 12 years of experience in managing online classes, exams, and quizzes on different websites like; Connect, McGraw-Hill, and Blackboard. I always provide a guarantee to my clients for their grades. |
$80 | Chat With Writer |
ONLINE |
Academic MentorHey, I have gone through your job posting and become very much interested in working with you.I can deliver professional content as per your requirements. I am a multi-skilled person with sound proficiency in the English language for being a native writer who worked on several similar projects of content writing and can deliver quality content to tight deadlines. I am available for both online and offline writing jobs with the promise of offering an incredibly responsive and supreme level of customer service. Thanks! |
$70 | Chat With Writer |
Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.