Scribd Logo
Upload

Welcome to Scribd!

  • 200 views

    Dennis Kozlowski Final

    Uploaded by

    Sanjib Kumar Jena
    Dennis Kozlowski rose from humble beginnings to become the CEO of Tyco International in 1992. Under his leadership, Tyco grew rapidly through strategic acquisitions and mergers. However, Kozlowski was later accused of stealing $170 million from the company and manipulating stocks. He used company funds for lavish personal expenses such as a $2 million party for his wife's birthday. Kozlowski was eventually sentenced to 8-25 years in prison for charges including tax evasion and misappropriation of corporate funds. His actions led to a $90 billion decline in Tyco's stock value.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd

    Dennis Kozlowski Final

    Uploaded by

    Sanjib Kumar Jena
    200 views17 pages
    Dennis Kozlowski rose from humble beginnings to become the CEO of Tyco International in 1992. Under his leadership, Tyco grew rapidly through strategic acquisitions and mergers. However, Kozlowski was later accused of stealing $170 million from the company and manipulating stocks. He used company funds for lavish personal expenses such as a $2 million party for his wife's birthday. Kozlowski was eventually sentenced to 8-25 years in prison for charges including tax evasion and misappropriation of corporate funds. His actions led to a $90 billion decline in Tyco's stock value.

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    PPT, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Dennis Kozlowski rose from humble beginnings to become the CEO of Tyco International in 1992. Under his leadership, Tyco grew rapidly through strategic acquisitions and mergers. However, Kozlowski was later accused of stealing $170 million from the company and manipulating stocks. He used company funds for lavish personal expenses such as a $2 million party for his wife's birthday. Kozlowski was eventually sentenced to 8-25 years in prison for charges including tax evasion and misappropriation of corporate funds. His actions led to a $90 billion decline in Tyco's stock value.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    200 views17 pages

    Dennis Kozlowski Final

    Uploaded by

    Sanjib Kumar Jena
    Dennis Kozlowski rose from humble beginnings to become the CEO of Tyco International in 1992. Under his leadership, Tyco grew rapidly through strategic acquisitions and mergers. However, Kozlowski was later accused of stealing $170 million from the company and manipulating stocks. He used company funds for lavish personal expenses such as a $2 million party for his wife's birthday. Kozlowski was eventually sentenced to 8-25 years in prison for charges including tax evasion and misappropriation of corporate funds. His actions led to a $90 billion decline in Tyco's stock value.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPT, PDF, TXT or read online from Scribd
    Download as ppt, pdf, or txt
    of 17

    The Rise And Fall of

    Dennis Kozlowski

    Presentation Submitted by:


    Debendra Nayak 87
    Piyush Kumar 88
    Pooja Khandelwal 85
    Roma 83
    Saourav Jha 86
    Priyanka 84
    The Dennis Kozlowski
     Born November 16 1946 Newark.
     Spent early age in humble circumstances.
     Used to deceive by telling others that his
    father is a police detective.
     Easy going kid.He did well in school
    without too much hard work.
     Elected as class politician in 1964.
     Kozlowski joined Tyco in 1975, becoming CEO
    in 1992.
     Did a wonderful work by many strategic
    acquisition and merger.
    Tyco Background

     Fire & Security products


     Electronics
     Health Care
     Engineered Products & Services
    Tyco Background

     Security & Fire Suppression Systems


     Automobile parts
     Firefighter equipment
     Medical diagnostic equipment
     Water purification systems
    Mission Statement

     “We will increase the value of our


    company and our global portfolio of
    diversified brands by exceeding
    customers' expectations and achieving
    market leadership and operating
    excellence in every segment of our
    company.”
    The Good, Bad & Ugly
    Scenario
    THE GOOD SCENARIO:-

     High rate of growth for TYCO Int.


     TYCO was gobbling 200 companies a year.
     TYCO’s value increased 70-fold.
     Proclaimed desire to be remembered as
    world’s greatest business executive.
    THE BAD SCENARIO:-

     Kozlowski & his former chief financial


    officer were accused.
     Both charged for stealing $170 Million
     Manipulating stock.
    THE UGLY SCENARIO:-

     Kozlowski almost destroyed the


    company where he worked for 27
    years.
     Value of company stock dropped $90
    billion.
    Issues and Legal Claims

     Tax Evasion
     Misappropriation of corporate funds
     Falsifying business records
    Specific Instances

     Evasion of $1 million in sales tax


     $600 million stolen corporate funds
     Took out company loans without
    informing investors
     Spent $1 million in company funds for
    wife’s birthday party
    Timeline
    Timeline Facts

     Kozlowski treated Tyco as his private


    bank, taking out hundreds of millions
    of dollars of loans and compensation
    without ever telling investors.
    Timeline Facts

     Kozlowski allegedly billed Tyco


    $72,042 for jewelry, $155,067 for
    clothing, $96,943 for flowers, $60,427
    for club memberships, $52,334 for
    wine and $110,000 for corporate use
    of his personal yacht
    Timeline Facts
     Kozlowski also allegedly pillaged a fund Tyco
    uses to help executives relocate to buy his
    first wife, Angie, a $7 million Park Ave.
    apartment. Swartz dipped into the fund to
    buy a $6.5 million Upper East Side
    apartment, according to authorities. So did
    Belnick, investigators said, who used $14
    million to buy a Central Park West pad and a
    ski chalet in Utah.
    Dennis Kozlowski

     Sentenced 8 years and 4 months to 25


    years in prison.
    Thank You

    You might also like