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social science subjects > business and management > business ethics > cases in business ethics > Tyco International

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Tyco International  

Definición

  • Tyco International, a global conglomerate, experienced a crisis in leadership and credibility in September 2002 when Chief Executive Officer Dennis Kozlowski and Chief Financial Officer Mark Swartz were arrested for misappropriating $170 million of the company's earnings and obtaining $430 million through fraudulent sale of stock. They each received a prison sentence of eight and one-third to 25 years. [Source: Encyclopedia of White-Collar and Corporate Crime; Tyco International]

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http://data.loterre.fr/ark:/67375/N9J-PTR8WNRQ-G

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