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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Knighty Tin who wrote (222117)2/18/2003 2:25:37 PM
From: Night Trader  Read Replies (2) of 436258
 
KT,

I just got thru the Kozlowski/Tyco article in the New Yorker - typically very long. He doesn't actually come off as badly as some of the opportunists around him such as a greedy art dealer. He just kept pushing the limits til the company was virtually run like his personal empire as in the infamous gladiator party for his wife in Sardinia. As he says the money was just a way of "keeping score".The board come off as more inept than corrupt - after the scandal broke one director complained "I'm being embarrassed at my country club." They also quoted a 1999 Barrons article by your favorite reporter Jonathan Laing extolling the "spartan" lack of perks for senior management. Hilarious.

Since his indictment the courts have allowed him only $14000 a month to scrape by on. How does he survive?
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