TV will form a huge basis of the future of the Internet, how we consume media, how we communicate with friends, how we play games and how we shop. Video will be inextricably linked to the future of the Internet and consumption between PCs, mobile devices, and TVs will merge.
Anger and disappointment. That was my first reaction to the news that Delaware's Court of Chancery had cleared the Disney board of fiduciary wrongdoing when it approved a $140 million severance package for short-lived COO Michael Ovitz. How will boards take governance more seriously, I wondered, if they don't risk major personal liability for the decisions they make?
For a lurid glimpse into life in the executive suite, you can't do better than the testimony in the shareholder lawsuit against Disney over the short, expensive tenure of Michael Ovitz. Shareholders accuse Disney's directors of botching their oversight of Ovitz's hiring and firing as the company's No. 2, and want $200 million — Ovitz's $140 million severance, plus interest. They claim Ovitz was so grossly incompetent that he should have been fired for cause, and gotten no severance package.
Hey, with the national political process well underway, wouldn't it be cool if you had grown up with the President-to-be and he owed you a big favor? Wrong! As tempting as that may sound, this kind of thinking will actually lead you to real failure in life on so many dimensions.