Monday, September 19, 2005 | By: Dusty Taylor

Tyco Exec's receive their sentences..

I don't know if many people followed this trial which showcased corporate greed..but let us review...

The CEO and the CFO of Tyco Int'l..Dennis Kolowski and Mark Swartz stole from Tyco..steal doesn't really cover what they did. They raped this company of : $180 million bucks.. thats U.S. dollars..not pesos..one of them owned a shower curtain valued at 6 fucking thousand dollars and Denny threw a 2 million dollar birthday party for his wife on the island of Sardinia..flew his buddys there..which i guess isnt a big deal unless its NOT YOUR money..they made hundreds of millions more through manipulations of Tyco's stock.Tyco makes electronics and medical supplies and owns the ADT home security business. Didn't they used to make toys too? oh well i digress..

Denny pleaded with the judge for leniency..he cried and carried on saying the judge should look at all the good he has done in his life..give me a FUCKING break..Kozlowski and Swartz will be sent to one of New York's state prisons because they were convicted in state court, meaning the former executives will do considerably harder time than they would have at a federal facility. LMAO..I don't think they will bunk together..but i bet they are wishing they could..

They both got 25 years and will be eligible for parol in 8 years..The judge also ordered the defendants to pay a total of $134 million in restitution to Tyco International Ltd. In addition, the judge fined Kozlowski $70 million, and Swartz $35 million. I don't think Koz's trophy wife will be going on any spending spree's real soon..

5 people gave us their .02 cents:

bsoholic said...

Don't drop the soap CEO and CFO!!! LMAO!

Spexial said...

holy shyt...that's damn near amazing...how the hell did they get caught?

Jerry said...

sweet!

Mel said...

Damn! What in the hell does a $6000 shower curtain look like? I get nervous if I pay over $50 for one. Jeez! Karma's a bitch, isn't it;)

The Zombieslayer said...

I've been following it and it's wonderful news. I used to always say if you rob someone with a gun, you get sentenced, but if you rob a thousand people with a pen, you'll get a slap on the wrist. Finally one of them is getting what they deserve. I'd like to buy the judge a beer.