Tyco

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Title: Tyco

Essay Details:

Subject: Business

Author: Richard J

Date: January 19, 2013

Level: University

Grade: A

Length: 4 / 1086

Essay text:

Tyco’s top executives were indicted and convicted of fraud charges stemming from both improper accounting practices as well as improper personal use of company funds. The planning strategy of these executives seems to have been more focused on personal gain than on the best interests of the company and its shareholders. They ignored their responsibilities to the laws governing corporate management and to their investors and employees. Dennis Kozlowski, the chief executive officer, alone plundered the company of over 400 million dollars. Using company funds, he threw a toga party for his wife’s birthday that cost two million dollars...

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