Word: kozlowski
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...broker that occurred shortly before Stewart sold her Imclone shares to prove that they knew they were acting on insider information. Stewart was convicted in the case and served five months in jail. In the Tyco case, prosecutors used e-mails to show that chief executive Dennis Kozlowski and chief financial officer Mark Swartz pressured Wall Street firms to maintain positive ratings on their company...
...Bulldog Danielle Kozlowski was called for her third penalty of the night at 1:29, this one for checking...
...infamously, former chief executive officer L. Dennis Kozlowski’s $6,000 shower curtain. These sentences—ranging from 8 1/3 to 25 years of incarceration—were considered forceful messages to other executives tempted to skim off their company’s bottom line. Yet Kozlowski and CFO Mark H. Swartz could be granted parole after just six years in prison...
...Kozlowski was arguably the most high-profile executive crook of this millennium, but he had plenty of company, in crime and punishment. The top players at Adelphi Communications and Worldcom were also convicted of fraud, and saddled with imprisonments from 15 to 25 years. These sentences are certainly not insignificant. Yet, when you factor in the possibility for parole, the fates of these criminals seems less bleak—especially in light of their Chinese counterpart...
...Kozlowski recently complained that the technically legal actions of executives who profited as Wall Street burned in the past few months were far more damaging and reprehensible than his own theft. Perhaps he’s right; there are some fallen Wall Street executives who ought to join him in jail. They, like he, ought to be made into memorable examples, serving out full terms for their highly destructive crimes...