Former Tyco CEO Dennis Kozlowski granted parole

NEW YORK, Dec. 4 (UPI) -- Former Tyco International executive L. Dennis Kozlowski has been granted parole after nearly seven years in prison, New York state officials said.
A postcard from prison

A postcard from prison

Dennis Kozlowski is puzzled, apparently, as to why New York State has not given him a job.
ANTHONY HALL, United Press International
Inmate Kozlowski sues to join work release

Inmate Kozlowski sues to join work release

ALBANY, N.Y., June 27 (UPI) -- Former Tyco Chief Executive Officer Dennis Kozlowski is suing the New York prison system so he can join a work-release program, court papers show.

The almanac

UPI Almanac for Thursday, June 17, 2010.
By United Press International

The almanac

UPI Almanac for Wednesday, June 17, 2009.
By United Press International

Commentary: Capitalist abyss

WASHINGTON, Dec. 15 (UPI) -- Greed in 21st century America is stampeding democratic capitalism. From the 2001 Enron scandal to the current $50 billion Ponzi scheme that destroyed the savings of thousands, hedge funds and derivatives that escape any transparency, and the subprime mortgage swindle that engulfed the world, the United States is now teetering on the edge of the abyss -- another Great Depression.

The almanac

UPI Almanac for Tuesday, June 17, 2008.
By United Press International

The Almanac

UPI almanac for Sunday, June 17, 2007.

Tyco agrees to settle lawsuits for $2.98B

PRINCETON, N.J., May 15 (UPI) -- U.S. conglomerate Tyco International Ltd. said Tuesday it would pay $2.98 billion to settle class-action lawsuits tied to former management accounting fraud.

The Almanac

UPI almanac for Monday, April 2, 2007.
By United Press International

Kozlowski's wife files for divorce

WEST PALM BEACH, Fla., Aug. 17 (UPI) -- Karen Kozlowski has filed for divorce in Florida from her husband, Dennis Kozlowski, the imprisoned former head of Tyco International Ltd.

The Almanac

Today is Saturday, June 17, the 168th day of 2006 with 197 to follow.
By United Press International

Dennis Kozlowski to pay $21M in fines

NEW YORK, May 12 (UPI) -- Former Tyco International Ltd. leader Dennis Kozlowski has agreed to pay about $21.2 million to settle New York state tax liabilities.

Tyco paying $50M to settle SEC charges

WASHINGTON, April 17 (UPI) -- yco International Ltd. has agreed to pay a $50 million U.S. civil penalty to settle charges of accounting fraud. The Securities and Exchange Commission said Monday that from 1996 to 2002 Tyco used improper accounting techniques to overstate its financial

The Almanac

Today is Sunday, April 2, the 92nd day of 2006 with 273 to follow.
By United Press International
Page 1 of 4
Dennis Kozlowski
Former Tyco CEO Dennis Kozlowski (left) and former TYCO CFO Mark Swartz (right) on the 11th day of jury deliberations in their 2nd retrail were found guilty on June 17, 2005 at Manhattan State Supreme Court. Kozlowski, 58, was found guilty of conspiracy, fraud and falsifying business records and Swartz, 44, was found guilty of grand larceny, securties fraud and eight of nine counts of falsifying business records. (UPI Photo/Ezio Petersen)

Dennis Leo Kozlowski (born November 16, 1946, Newark, New Jersey) is a former CEO of Tyco International, convicted of misappropriating more than $400 million of the company's funds to support a lavish lifestyle and chronic substance abuse issues. He is currently serving at least eight years and four months in prison.

Kozlowski joined Tyco in 1975, becoming CEO in 1992. With Kozlowski at the helm, Tyco massively expanded during the late 1990s. The company consistently beat Wall Street's expectations and through a series of strategic mergers and acquisitions, ushered in a new era of mega-conglomerates. Kozlowski left Tyco in 2002, amid a controversy in regard to his compensation package.

Kozlowski has been tried twice. The first attempt was a mistrial as one of the jurors - who sided with Kozlowski - later claimed that she was threatened by a member of the public. Kozlowski testified on his own behalf during the second trial, stating that his pay package was "confusing" and "almost embarrassingly big", but that he never committed a crime as the company's top executive.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Dennis Kozlowski."
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