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The second day of the Hollywood Trial of the Century raged on in bucolic/sleepy/corporation-friendly Georgetown, DE, trading in some of the procedural dreariness of the initial day for some good, old-fashioned mud-slinging. Court documents revealed that CEO Michael Eisner canned ill-chosen No. 2 guy Michael Ovitz because he was a big, fat liar—which should have been enough to get out of paying him the $109 million golden parachute that brought the suing shareholder's blood to a boil.

So who exactly trusted former superagent Ovitz? Eisner: "Michael does not have the trust of anybody." But surely his good friend Michael Eisner trusted the guy that he wanted hired to help run Disney? Eisner: "I do not trust him." And just in case anyone is still unclear on his thoughts about Ovtiz's pants being on fire, Eisner's labeling of him as a "psychopath" who "cannot tell the truth" clearly indicates they were decidedly ablaze. Former Disney chief counsel Sandy Litvack piled on more evocatively, claiming "I walked behind [Ovitz] with a shovel."

How could any of them been surprised that the biggest agent in town might have some difficulties telling the truth? Hiring an agent and expecting him not to lie is like hiring a hooker and expecting her to pay you to dress up like Seabiscuit and wear a saddle all night. Or, you know, so we hear. It seems that we're all going to learn some hard lessons in the course of this trial.