The TYCO International scandal in early 2000 led to the conviction of CEO Dennis Kozlowski
and CFO Mark Swartz for misappropriating more than $600 million from the company for personal use.
Remember Dennis Kozlowski
, the former Tyco CEO who spent 8 or so years as a guest of the State of NY?
, CEO of Tyco International, interviewed by Hoffer Kaback for the cover story, "Complacency Is Not an Option" [Spring 2000]
Luckily for Seton Hall University, Dennis Kozlowski
voluntarily agreed to remove his name from the building and the library at Seton Hall University via a telephone call in July 2005 with then university President Robert Sheeran.
and its former CEO, Dennis Kozlowski
, has come to an end.
Former Tyco CEO Dennis Kozlowski
, who is currently serving an 8-to-25-year sentence in New York state prison for securities fraud and embezzlement, was not as forthcoming during a 2008 interview on CBS' news program 60 Minutes.
Experts believe this is one of the costliest bails in New York, because Bernard Madoff and Tyco embezzler Dennis Kozlowski
had earlier handed authorities 10 million dollar cash each to secure their pre-disposition freedom.
Robert Hurst, former president of the Whitney Museum of American Art, 950 Fifth Avenue, unit 89The limestone prewar co-op at 950 Fifth Avenue has only seven units and a reputation as a haven for billionaire bachelors -- reportedly single Boston Properties CEO Mort Zuckerman lives there, and bigwigs Dennis Kozlowski
, formerly of Tyco, and Jonathan Tisch of Loews Hotel are ex-residents.
Bernard Ebbers at WorldCom allowed manipulation of the books, and Dennis Kozlowski
of Tyco used company funds to enhance his lifestyle.
* Former Tyco CEO Dennis Kozlowski
, who was convicted of using company money to fund his extravagant personal expenses, including a lavish party thrown in Sardinia for his wife's 40th birthday.
CEO Edward Breen and his board moved in January 2006 to break up Tyco to improve returns for investors in the conglomerate built by former CEO Dennis Kozlowski
, now serving time in New York State prison for stealing money from the company.
The conglomerate's share price collapsed in 2002 amid an accounting scandal for which its former boss, Dennis Kozlowski
(of the infamous $15,000 umbrella stand) and former finance chief were convicted.