OVITZ GIVING $25 MILLION TO UCLA MEDICAL CENTER.Byline: Dave McNary Daily News Staff Writer Michael Ovitz Michael S. Ovitz (b. December 14 1946, Los Angeles, California) is a former talent agent and Hollywood powerhouse who served as the head of the Creative Artists Agency from 1975 to 1995. , jobless since leaving Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. two months ago with a massive severance package A severance package is pay and benefits an employee receives when they leave employment at a company. In addition to the employee's remaining regular pay, it may include some of the following:
UCLA University Center for Learning Assistance (Illinois State University) UCLA University of Carrollton, TX and Lower Addison, TX . Ovitz, in conjunction with his wife Judy, and UCLA announced the contribution Thursday as the lead gift in a $330 million fund-raising campaign to rebuild the medical center, which was damaged in the 1994 Northridge Earthquake, along with renovation, expansion and building three new facilities. Ovitz, who graduated from UCLA in 1968 with a degree in psychology, has a long history of fund raising for the UCLA School of Medicine. He currently chairs the executive board for the medical sciences at UCLA and directs the annual Aesculapian Ball to raise funds for the medical school. ``I continue to be deeply committed to and supportive of the UCLA School of Medicine/Medical Center and the fine work that is being accomplished there by the dedicated men and women who staff the institution,'' he said. ``Judy and I are absolutely delighted and thrilled to be able to make this pledge to such a fine institution that has done so much good for so many.'' Ovitz, who co-founded the powerful Creative Artists Agency Creative Artists Agency (CAA) is a talent and literary agency which represents a vast array of actors, musicians, writers, directors, and athletes, as well as a variety of companies and their products. two decades ago, departed Disney in mid-December with a severance package including $38.9 million in cash and stock options currently worth $54 million following 14 months with the company. Shareholders have filed suit against Disney and Chairman Michael Eisner over the package and launched a resolution for voting at next week's annual meeting that would require the entertainment giant to conduct a formal study on limiting executive compensation. The largest gift to UCLA came last year when an anonymous donor pledged $45 million to build a neuroscience research center on campus. |
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