Before agreeing to invest in Livent. the cautious Ovitz retained the Big Five acaccounting firm KPMG to scrutinize the company's records. After KPMG's"due diligence" yielded a clean bill of health for Livent, Ovitz became the companys largest stockholder in early June of 1998 and took over effective control of the company. Ovitz took a seat on the company's board and became chairman of the board's executive committee, while Furman assumed Drabinsky's former titles of chairman of the board and CEO. Drabinsky was given the titles of vice chairman and chief creative director. In the latter role, Drabinsky continued to oversee the all-important creative facets of Livent's operations. To provide a second opinion on artistic matters, Ovitz appointed the noted producer and songwriter Quincy Jones to Livent's board.