IMG Letter Removed Mike Ovitz From Board

Michael Ovitz And IMG World And Teddy Forstmanns Brain Cancer: The Actual Story, As Well As What Ovitz Explained About This There won't be any formal announcement because IMG frantically wants all of the harmful speak with quiet lower.Therefore the unsavory Michael Ovitz situation was handled in privatethis week having a formal IMG letter getting rid of him from owner Teddy Forstmann’s advisory board. (One insider informs me that three other board people who backed Ovitz’s allegedtakeoverattempt were removed too. However I don't have any additional confirmation so won’t get into detail.)Thus ignobly finishes another of Ovitz’s longest personal and professional associations after hewas charged with maneuveringto run and/or own the worldwide management and production giantwhile 71-year-old Teddy fought brain cancer.The accusations against Ovitz incorporated that hewas bothering management by demanding IMG financial records pressuring leader/COO Mike Dolan and senior IMG professionals to are accountable to him by trying to setup a so-known as executive committee inside the board to supervise IMG activities due to Forstmanns illness and treatment and approaching Forstmann, Little & Co partners and traders letting them know he was thinking about purchasing IMG using the backing of Greg OHara, the controlling director of 1 Equity Partners LLC. Ovitz strenuously refused tome all of the allegationsand was adamant that running Teds clients are not something Im thinking about at this time. My job would be to support my pal who's really sick.” On the other hand, with buddies such as this around the eve of Yom Yippur, who needs opponents?