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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: BDR who wrote (192514)9/19/2002 12:21:51 AM
From: BDR  Read Replies (1) of 436258
 
Tyco's bill of particulars regarding fraud by former officers:
sec.gov

He (Kozlowski) purchased and decorated
the apartment with appointments and furnishings lacking any legitimate business
justification, including:

o a shower curtain for $6,000;

o a dog umbrella stand for $15,000;

o a sewing basket for $6,300;

o a traveling toilette box for $17,100;

o a gilt metal wastebasket for $2,200;

o coat hangers for $2,900;

o two sets of sheets for $5,960;

o a notebook for $1,650; and

o a pincushion for $445.

It goes on for 39 pages. Of course, no one on the Board and in particular the Compensation Committee knew anything about any of this. Sound like CYA?
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