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market leader business english with the financial times phần 6

không có phần nào của ấn phẩm này có thể được sao chép hoặc phân phối dưới bất kỳ hình thức nào hoặc bằng bất cứ phương tiện nào, hoặc được lưu trữ trong một hệ thống cơ sở dữ liệu hoặc thu hồi mà không cần sự cho phép trước bằng văn bản của nhà xuất bản. | The Magic Kingdom DISNEY COURT BATTLE A FORMER STUDIO CHIEF S FIGHT FOR S580M IN COMPENSATION HAS FORCED MIGHTY US CORPORATION TO REVEAL ITS SECHETS Inside the Magic Kingdom By Christopher Parkes The note to Michael D. Eisner chairman of Walt Disney Corporation looked innocuous enough. To MDE-just to keep 5 you up to date - probably worth ã quick read said the lines slanting across a copy of a letter from Frank Wells group president. The Wells letter - dated 17 October 1988 10 - was addressed to a lawyer negotiating a contract renewal for Jeffrey Katzenberg the studio chief behind The Lion King and other successes that in the follow-15 ing years established Disney as Hollywood s leading film-maker. In the middle of seven pages of contractual jargon one paragraph screamed out for attention. It is so of course obvious but nonetheless worth pointing out that many of these pictures still have substantial revenues forthcoming from ancillary markets which continue 25 to accrue to Jeffrey s benefit. Of course these will continue forever in the sense that even if he should leave one day there would be an arbitrated amount as to 3D future income from the pictures. Jeffrey Katzenberg left the company in the most hitter circumstances in 1994 and claimed 8589m in compensation based on the 35 future earning power of the box office favourites with which he .was associated. The agreement that Katzenberg should receive 2 of the profits from all his pro-40 jects started under his command was written into his first contract in 1984. At the time Disney was in financial trouble. The company 45 had narrowly escaped the clutches of raiders such as Saul Sternberg and Ivan Boesky. Each was bent on taking control and selling the company s assets including an SCI unmatched collection of animated feature films going back to Steamboat Willie. Katzenberg s bonus clause was a mighty if initially valueless incentive. As 55 Eisner was later to claim in a court deposition neither contract .