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Friday
Dec102010

Key Documents in Tyco Scandal

Dennis Kozlowski was one of the highest paid executives in the country as CEO of Tyco. Yet using a program meant to facilitate employee stock purchases, he stole millions upon millions dollars to buy houses for himself and give gifts to cronies. All told, he allegedly stole several hundred millions of dollars from a company that had hailed him as one of the best managers in the country and lavished him with pay. Another top executive, Mark Swartz, also faced criminal charges. Both were sentenced to prison time.

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