D Murphy wrote:
"John R. Carroll" wrote in
:


These have either gone or are going to jail except for Lowell Milken.
Mike went for him.

Dennis Kozloski, Tyco. Theft. Fraud, Conversion.


His conviction will be overturned. There are no laws governing
compensation, and that is basically what he was convicted of, being paid
too much.

We'll see. Being a CEO is not a license to
take corporate assets at will. I think you
know that.

Here is a guy that grew the company by 80 billion dollars. Tyco grew to be
larger and more profitable than GM. He did this in the midst of a
recession. In 2001 the company had a pretax profit of over 5 billion
dollars. What is fair compensation for someone who brings in those kinds of
numbers?

And on Jan 2002, Tyco was trading at 60.
By Jan 2003 it was trading below 20. I
guess the shareholders didn't make out
quite as well as Mr. Kozloski.