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Non-Tech : The ENRON Scandal

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To: Mephisto who started this subject	11/5/2002 11:02:14 PM
From: Mephisto	of 5185

Was Ethics Class Fueled by Tainted Cash? Reuters Tuesday November 5, 10:38 pm ET biz.yahoo.com LONDON (Reuters) - The Daily Telegraph newspaper said on Wednesday Britain's Cambridge University used a $2 million donation from a disgraced U.S. businessman to help fund classes in boardroom ethics. The newspaper said Dennis Kozlowski, former head of U.S. conglomerate Tyco International, made the donation two years ago, and his company separately donated a further $2 million to Cambridge's Judge Institute of Management Studies. Tyco sued Kozlowski in September, accusing him of taking $600 million from the company to buy real estate as well as items such as a $6,000 shower curtain, a $15,000 dog umbrella stand and a $17,000 sponge bag. The Telegraph quoted the university as saying it would keep Kozlowski's donation despite threats by Tyco shareholders to recover funds from "any and all sources" to compensate for the alleged fraud. "We are not under pressure to give the money back and we are not giving it back," the newspaper quoted a spokesman for the university as saying. Officials at Cambridge and Tyco were not immediately available for comment on the report. Email this story -

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