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Dennis Kozlowski. Tyco International Ltd. Idris Adesanya, Joshua Alderson, Uchee Emejulu, Brad Evans. Tyco Background. Fire & Security products Electronics Health Care Engineered Products & Services. Tyco Background. Security & Fire Suppression Systems Automobile parts

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Dennis Kozlowski


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dennis kozlowski

Dennis Kozlowski

Tyco International Ltd.

Idris Adesanya, Joshua Alderson, Uchee Emejulu, Brad Evans

tyco background
Tyco Background
  • Fire & Security products
  • Electronics
  • Health Care
  • Engineered Products & Services
tyco background3
Tyco Background
  • Security & Fire Suppression Systems
  • Automobile parts
  • Firefighter equipment
  • Medical diagnostic equipment
  • Water purification systems
2005 financials
2005 Financials
  • $30.727 billion revenue
  • $5.795 billion operating income
  • $3.032 billion net income
  • Over 250,000 employees worldwide
mission statement
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.”
issues and legal claims
Issues and Legal Claims
  • Tax Evasion
  • Misappropriation of corporate funds
  • Falsifying business records
specific instances
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 facts
Timeline Facts
  • "Kozlowski, Swartz and Belnick treated Tyco as their private bank, taking out hundreds of millions of dollars of loans and compensation without ever telling investors," said Stephen Cutler, the SEC's director of enforcement.
timeline facts10
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.
timeline facts11
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
legal and ethical matters
Legal and Ethical Matters
  • Worth at least $500 million Kozlowski swindled New York City out of $1 million in sales tax due on fine art (tax evasion; definitely a crime).
  • Analysis
legal and ethical matters13
Legal and Ethical Matters
  • $170 million stolen from company account
  • $430 million stock sales
  • Analysis
dennis kozlowski14
Dennis Kozlowski
  • Sentenced 8 years and 4 months to 25 years in prison.