TYCO CASH TYCOON's CEO Kozlowski buys more TYC $139Million:
---reminds me of those razor blade commercials, I liked it so much, I bought the company....anyway, if he is willing to put $139 Million more of his money into it, I think I can afford to buy a few shares too.
here's the article:
infobeat.com
07:19 PM ET 03/01/00
" Tyco CEO exercises options worth $139.7 million
EXETER, N.H., March 1 (Reuters) - Tyco International
Chairman and Chief Executive Dennis Kozlowski exercised
stock options worth $139.7 million in 1999, according to a
filing with the Securities and Exchange Commission on
Wednesday.
Kozlowski also earned roughly $30.6 million in salary,
bonus, restricted stock awards and other compensation during
the year ended Sept. 30, an increase of more than $5 million
from the year earlier.
Kozlowski also held unexercised stock options at the end of
the year worth nearly $66 million -- of which all but $2.8
million worth were not exercisable.
The filing said Kozlowski's shares were transferred upon
being exercised to the KFT Family Partnership L.P.
Tyco, a diversified manufacturer, has made numerous
acquisitions in recent years, and recently unveiled plans to
build and run a global undersea fiber optic communications
network. Tyco said it plans to offer 20 percent of the new firm
in a public offering.
Tyco shares were hurt in late 1999 after some investors
questioned its accounting practices and the SEC launched an
inquiry. Some of that share price has since been recovered, and
Tyco stock closed at 38-7/16 on Wednesday, still below a
52-week high of 53-7/8.
Tyco, which is legally based in Bermuda, has said it has
confidence in its accounting methods.
((--Tony Munroe, Boston newsroom, 617-367-4106; fax,
617-248-9563; e-mail, Boston.newsroom@Reuters.com))"
I am,
Truly your$,
-Crystal Ball |
