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Leo Dennis Kozlowski [1] (born November 16, 1946) is a former CEO of Tyco International, convicted in 2005 of crimes related to his receipt of $81 million in unauthorized bonuses, the purchase of art for $14.725 million and the payment by Tyco of a $20 million investment banking fee to Frank Walsh, a former Tyco director.
In 1992, Dennis Kozlowski became CEO of Tyco International, and, for the next several years, the company again adopted an aggressive acquisition strategy, eventually acquiring (by some accounts) over 3,000 other companies between 1991 and 2001. [citation needed]
Dennis Kozlowski was accused of draining nearly $600 million from Tyco — funds he used to pay for his lavish tastes, blowing money on opulent parties, ice sculptures, artwork, and even spending ...
After going through an extensive acquisition and diversification spree under the management of CEO Dennis Kozlowski, industrial conglomerate Tyco Industries (NYS: TYC) has been trying to simplify ...
[4] [5] In 1999, Tyco International acquired AMP Incorporated. [6] In September 2002, the CEO (L. Dennis Kozlowski) and CFO (Mark H. Swartz) of Tyco International Ltd. were indicted on charges including fraud, racketeering, stock manipulation, and more, amounting to more than 600 million dollars of theft. [7]
In 2002, former chairman and chief executive Dennis Kozlowski and former chief financial officer Mark H. Swartz were accused of the theft of more than US$150 million from the company. During their trial in March 2004, they contended the board of directors authorized it as compensation. [85] Kozlowski was tried twice.
Notable people convicted in New York of falsifying business records include: L. Dennis Kozlowski, the former chief executive and chairman of Tyco International, convicted in 2005 on 22 counts, including grand larceny, conspiracy, falsifying business records and securities fraud; [11]
The professorship was established in 2001 by a gift of US$4,000,000 from the Tyco Corporation of the United States of America and its CEO, Dennis Kozlowski. However, in 2002 after Tyco and Kozlowski became embroiled in a financial scandal [1] based in part on lavish personal spending of corporate funds including the gift to Cambridge, [2 ...