Case Study: Tyco
June 3, 2012
This case study is based upon the case by Peter A. Stanwick and Sarah D. Stanwick tit conduct; `Tyco: Im Sure That Its a Really pure Shower Curtain., in which portion outes the nightfall of the former CEO of Tyco International, Dennis Kozlowski, and his tenfold ravishments of the Global Business Standards Codex.
Summary
The authors viewpoint is that of a powerful man using integrated funds as if it were his own. Dennis Kozlowski used Tyco money in violation of the Fiduciary Principle of the Global Business Standards Codex (p. 8) to bargain for real estate, private expenses, paintings, and lavish items, including the ultimate symbol of his downfall; a $6,000 shower curtain, (Stanwick & Stanwick, 2009, p. 392). The authors state chronologically what led to the downfall and conviction of Dennis Kozlowski in 2005.
Major Issues stipulate in the Case
According to Stanwick and Stanwick (2009), the authors address the major issues starting time with Tyco losing $86 one thousand thousand in market capitalization because of the companys strategical focus and rumors about the compensation levels to Tycos management. Dennis Kozlowski downfall seemed to have begun when he bought $15 million worth of artwork for his New York flatbed and had the art dealer send empty crates to his New Hampshire address in an attempt to avoid paying the $1 million in sales tax. A review of the shipping enrolment revealed a wink, wink on it, in which showed that Kozlowski knew what he was doing was impose on _or_ oppress but did not care. In June 2002, Kozlowski was indicted for tax evasion, evidence tampering, and falsehood financial records, (p. 390). Afterward, Kozlowski was been investigated for using Tyco funds for personal gain. Other than personal expenses, he purchased a number of properties; an apartment in Manhattan, a homes in Florida...
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