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Tyco Chiefs Guilty Of Looting Company....


First Posted: 06-17-05 02:45 PM   |   Updated: 03-28-08 02:43 AM

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Reuters :

Former Tyco International Ltd. Chief Executive Dennis Kozlowski and finance chief Mark Swartz were found guilty on Friday of stealing more than $150 million in secretly forgiven loans and unauthorized bonuses from the company.

The jury of six women and six men returned their verdict on the 11th day of deliberations. The trial in State Supreme Court in Manhattan lasted more than four months.

Read the whole story: Reuters

Filed by Katharine Zaleski  |  Report Corrections