Title: Management Planning at Tyco International Incorporated
|Date:||September 11, 2011|
|Length:||4 / 1053|
|No of views:||0|
|Essay rating:||good 0, average 0, bad 0 (total score: 0)|
The planning strategy of these executives seems to have been more focused on personal gain than on the best interests of the company and its shareholders. They ignored their responsibilities to the laws governing corporate management and to their investors and employees. Dennis Kozlowski, the chief executive officer, alone plundered the company of over 400 million dollars...
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Dennis Kozlowski, the chief executive officer, alone plundered the company of over 400 million dollars. Using company funds, he threw a "toga party" for his wife's birthday that cost two million dollars. He bought millions of dollars worth of art to decorate his home. He spent six thousand dollars of company money on a shower curtain and 15 thousand dollars on an umbrella stand shaped like a poodle...
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