Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Tyco International Limited (TYC) -- Ignore unavailable to you. Want to Upgrade?

To: Bob Rudd who wrote (2668)	1/30/2002 10:15:19 AM
From: GVTucker	Read Replies (3) \| Respond to of 3770

I think that Kozlowski's arrogance in this situation is making things worse. If Kozlowski had expressed at least a small amount of contrition, had said that they were wrong in the transaction (because they were), then the market may have been at least a little more forgiving. No, instead he says that they disclosed it properly and that the payment was well justified. I have spoken to a half dozen people over the past two days who are outside directors of S&P 500 companies, and none of them can ever recall a payment like this. The fact that the guy owned shares in the target company just pushes things over the edge.