Word: tyco
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CHARGED. DENNIS KOZLOWSKI, 55, former chief executive of Tyco International, and MARK SWARTZ, 42, the company's former chief financial officer, with enterprise corruption, a charge often used in Mafia prosecutions, and grand larceny, for allegedly looting $600 million of company money to buy everything from Park Avenue apartments to Harry Winston jewels; in New York City...
Some corporate executives can't be relied on to look after the interests of workers or shareholders, as the scandals, from Enron to Tyco to WorldCom, have made clear. But you can trust the top dogs to look after their own pocketbooks. So when groups of execs spend their cash on shares of the companies they run, it's a reliable sign that they expect good things down the road--and it may be time for you to tag along...
...WorldCom piled on Enron and Tyco and Adelphia, as Martha fell alongside Kenny Boy, as the airlines talked bankruptcy and the baseball union talked strike, the mood of the nation soured. For the first time since Sept. 11, many national polls show that most voters think the country is going in the wrong direction...
...WorldCom piled on Enron and Tyco and Adelphia, as Martha fell alongside Kenny Boy, as the airlines talked bankruptcy and the baseball union talked strike, the mood of the nation soured. For the first time since Sept. 11, many national polls show that most voters think the country is going in the wrong direction...
...SERIAL ACQUIRERS" Great companies grow mainly from within, while those that gobble up lots of other companies almost always end up with a nasty bout of nausea. Tyco is only the latest case; earlier came Conseco and others all the way back to the notorious LTV in the 1960s. Cisco, which has eaten dozens of other tech firms in recent years, hasn't quite gagged yet, but I'll be surprised if it doesn...