Matsushita gave Michael Ovitz $120 million to distribute among deal consultants
Michael Ovitz · CAA (with Michael Ovitz) · Acquired · Dec 21, 2021 · at 1:30:23
Michael Ovitz explains the advisory fee pool paid by Japanese conglomerate Matsushita for orchestrating the buyout of MCA Universal.
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“They gave me a hundred and twenty million dollars to pass out to all of the consultants. And I passed out money to everybody generously, because we had Washington lobbyists, we had PR people.”
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