john wrote in
:



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.

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?

Does he have a big ego? Sure. Wouldn't anyone who bagged the deals he
did? The SEC investigated Tyco and found no fraud, wrong doing, or
illegal accounting. The company is still in business and never tanked
in fact Tyco made loads of money.

So he's been convicted for buying an expensive shower curtain,
throwing an expensive party, and being paid too much money. I doubt
his conviction will hold up under appeal. He will probably get nailed
for not paying enough income tax at some point.

--

Dan



He bought AMP and stripped it to inflate his profits. A lot of jobs
were lost in Pa.


Amp was dead no matter who owned it. The whole telecom bubble burst and
no company survived unscathed. Where are all of the high flyers today?
Lucent, ADC, Worldcom, etc, etc.

I'll bet he sits around wishing he never bought Amp and all of the other
telecom companies that imploded. Tyco wouldn't have lost 9 billion and he
probably would have escaped all of the scrutiny.


--

Dan