Friday, June 17, 2005

Ok, maybe 15k for an umbrealla stand really WAS extravagant

NEW YORK (Reuters) - Former Tyco International Ltd. (NYSE:TYC - news) Chief xecutive Dennis Kozlowski and finance chief Mark Swartz were found guilty on Friday of stealing more than $150 million, giving prosecutors pursuing the recent wave of corporate scandals one of their biggest victories to date.
Kozlowski, 58, and Swartz, 44, were each found guilty of 22 counts of grand larceny, conspiracy, fraud and falsifying business records. Both former executives were found not guilty on one charge of falsifying documents.

Everyone under the sun new these mofos were guilty, no? How you gonna work for a company and just take millions of dollars when he made over 6 figures a year not including bonuses...spending more than one years rent on my apartment...for an umbrella stand? Not to mention that statue and the party that had vodka running thru the penis (even tho I would LOVE to see that thing!) It's nice to see a greedy CEO go down for once. Sometimes the system actually works *shocked*


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