Jeffrey Katzenberg was fired from The Walt Disney Company!

• In 1984, Michael Eisner became Chief Executive Officer (CEO) at The Walt Disney Company. Eisner brought Katzenberg with him to take charge of Disney’s motion picture division.
• Katzenberg was responsible for reviving the studio which, at the time, ranked last at the box office among the major studios. He focused the studio on the production of adult-oriented comedies through its Touchstone Pictures banner, including films such as Down and Out in Beverly Hills (1986), Three Men and a Baby (1987) and Good Morning, Vietnam (1987). By 1987, Disney had become the number-one studio at the box office.
• When Eisner’s second in command, Frank Wells, died in a helicopter crash in 1994, Eisner refused to promote Katzenberg to the vacated position of president.
• This led to a falling out between the two executives, and Katzenberg left the company in September 1994. He launched a lawsuit against Disney to recover money he felt he was owed and settled out of court for an estimated $250 million.
• He then swore revenge against Disney and founded DreamWorks Studios.