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Non-Tech : The ENRON Scandal

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To: Mephisto who started this subject	9/23/2002 8:43:01 AM
From: Mephisto	of 5185

Some Tyco Board Members Knew of Pay-NYT Monday September 23, 2:53 am ET Reuters Business Report biz.yahoo.com The following is an excerpt: NEW YORK (Reuters) - "Though the board of Tyco International (NYSE:TYC - News) has said that it was unaware of the extravagant pay and loans given to top executives, minutes of the board's compensation committee show it knew of many of the payments months before the board took steps to disclose them, The New York Times reported Monday. In addition, a senior Tyco executive has told a Manhattan grand jury and the company's lawyers that one board member put pressure on her, unsuccessfully, to try to get her to doctor the minutes of a compensation committee meeting, The Times reported, citing executives and lawyers involved in the investigations." biz.yahoo.com

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