EXCLUSIVE
Updated Saturday at 7:30 PST to reflect further detail of board interaction:
The board of IMG conducted numerous frenzied calls on Friday to discuss what to do about Michael Ovitz's play to take over company management, according to two individuals with knowledge of the calls.
The calls went from COO Mike Dolan to board members including Jerry Perenchio and Irving Azoff in response to Ovitz's management maneuvering, the individuals said. The aim of the calls was to discuss how to remove Ovitz from the board, which is an advisory body of the privately-held company.
The tally was 7 – 4 to oust Ovitz, one knowledgeable individual said.