"D Murphy" wrote in message
...
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.




There wasn't much cash in any of those deals Dan. Dennis was printing his
own brand of currency and in so doing he leveraged his capital in a big way.
That was what he was being paid so well to do. He was really selling the
boards of the companies being purchased on the future value of Tyco stock.
He was good at it and had he not done those deals and many others he would
have been out on his ass. It was what he was hired and expected to do. It
wasn't either a secret or a mystery.

--
John R. Carroll
Machining Solution Software, Inc.
Los Angeles San Francisco
www.machiningsolution.com