Tyco Chief Couldn’t Grant Bonus
Tyco Chief Didn't Have The Authority To Grant Bonus. L. Dennis Kozlowski, the former chief executive of Tyco International, did not have the authority to grant a $17 million bonus for the company's general counsel, Mark A. Belnick, according to testimony yesterday from a former director. Prosecutors say Mr. Belnick, 57, received … [Read more...]
Tyco’s Auditor To Testify Against Former Chiefs
Testimony Of the Conglomerate's Former Tyco's Auditor. Prosecutors have struck an important blow in their effort to convict Dennis Kozlowski, the former head of Tyco, by securing the testimony of the conglomerate's former lead auditor. Richard Scalzo, who this month was barred for life from practising as an auditor of a public … [Read more...]
