Update 1: Ex-Disney Director Testifies About Eisner A former Walt Disney Co. director testified Monday that Disney chief executive Michael Eisner told her in a December 1996 telephone conversation that then-Disney President Michael Ovitz was being fired and was eligible for a large severance package.
PeopleSoft reveals alliance with IBM PeopleSoft Inc., which is fighting a hostile takeover bid from Oracle Corp., on Tuesday announced an alliance with IBM that may help ease the worries of potential customers.