Dennis Kozlowski Essay

Dean Koontz is an american author and is known for his suspense thrillers and for his frequent incorporation of elements of horror, science fiction, mystery and even satire. The New York Times has called his writing “psychological complex, masterly and satisfying.” The New Orleans Times-Picayune said Koontz is “at times lyrical without ever being naive or romantic. [he creates] a grotesque world, much like that of Flannery O'Connor or Walker Percy … scary, worthwhile reading. Rolling stone says he is “America’s most popular suspense novelist.”

David Koresh came to power after marrying the previous leaders wife, after leaving the Waco group for a year he came back and in order to reclaim his position he shot the man fighting against him (the dude actually lived through it all). Along with the attempted murder of George Roden Koresh was also said to have relations with many women, some of those being teenagers (Biography). In the eyes of the public Koresh was a horrible person and some like Brad compare him to Jim Jones and willingly call Koresh as he was, a monster.

The New York grand jury indictments - including the charge against the former general counsel, Mark Belnick, 55, who was an investigator in the Senates Iran-contra hearings in 1987 - also accuse Mr. Kozlowski and Mr. Swartz of bribing a Tyco board member and several Tyco employees, apparently to try to keep their scheme secret. The indictment accuses Mr. Kozlowski and Mr. Swartz of enterprise corruption, a charge often used in Mafia prosecutions. The authorities accuse Mr. Kozlowski and Mr. Swartz of stealing $170 million from the company itself and reaping $430 million more by covertly selling Tyco stock while artificially inflating the value of that stock. Prosecutors, as well as the company, contend that Mr. Kozlowski defrauded Tyco by awarding

Furthermore, the way Bill Lumbergh treated his employees and ran his company was not acceptable. There were very apparent conflicts of interest. Those who actually did their jobs were the ones to get laid off. Then people like Peter, who lost all care for his job, were actually getting promoted. He was sharing confidential information with employees and not caring to the full capacity of everyone

The company’s stakeholders include primary groups of customers, employees, shareholders, owners, suppliers, etc. and secondary groups of community. All stakeholders have their own self-interests. While employees want secure jobs with high earnings; customers want quality products with cheap prices, which may eventually result in the company and employees’ low income. Being said that, the corporation owes all stakeholders the obligations to meet their interests. That brings in the ethical issue of conflicts of interest, one of key problems at Enron. CFO Andrew Fastow created financial partnership to hide Enron debt, from which he allegedly collected $30 million in management fees. The action obviously made Enron financial data look good, but at the same time deceived the company’s investors about the real performance. Many investors may make their investing decisions based on those false data. And that’s when the collapse begins.

RadioShack CEO Scandal revealed issues that can arise when there are poor corporate governance system, On the part of Roberts, hiring an employee without proper investigation about his biography was unethical. The CEO of the company, Leonard Roberts was carried away with David Edmondson brilliant ideas and he could not do a proper vetting about his biography and education background before promoting him as the CEO of the company which almost tarnished the image of the company when the truth was revealed, although Roberts took responsibility for his actions and he did his best by not repeating the same again and that was why he had to do a thorough vetting on Babrowski's resume before she was chosen as the next CEO of the company.

The term “rogue” means committing crimes. CEO of Tyco, Kozlowski was accused in Regional court of Manhattan, of over 20 counts, including commercial blackmail, accounting fraud, securities fraud and corruption. Kozlowski and his second wife had corrupted nearly 0.6 billion dollars from Tyco. Thus he was probably sentenced to 30-year in prison, which was considered the longest sentence in both financial crimes and larceny stated in American law.

Not only did Lang cut 500 jobs, froze salaries but kept executives bonuses. That led to Time Inc., employees’ calling for her to resign. Ethically, it was wrong for Lang to freeze salaries for employees and give lavish bonuses to executives. Time Inc. employees’ did not stand for it and sent hundreds of emails to the CEO of AOL Time Warner, Jeff Bewkes. Providing details of the horrible business decisions made by Laura Lang who reports to Bewkes. Requesting Jeff Bewkes, to make changes at the CEO level or the magazine would not have any stories to print. Laura Lang was removed from office shortly after those emails went out to Jeff Bewkes.

Dennis Kozlowski was the mastermind behind all of the unethical decisions and, actions that led to the near bankruptcy of the company. The scandal of Tyco was an ever-growing process that started when Kozlowski was on the verge of becoming the new CEO of Tyco. Kozlowski greatly looked up to his mentor, friend, who also happened to be the previous CEO of Tyco Joseph Gaziano. Kozlowski adopted some Gaziano’s harsh and very pricey lifestyle that ultimately led to his demise. His lifestyle became so extravagant that nothing was every enough, he had a taste of the “living large” lifestyle and he could not go back. Kozlowski and CFO Mark Swartz were charged with roughly thirty counts of corruption, conspiracy, fraud, grand larceny, and falsifying business records. However these two, Kozlowski and Swartz, were not the only two employees involved, Mark Belnick former general counsel was also

The CEO Angelo Mozilo was investigated by the SEC for potential fraud, concerning the sales of company stock options that gained him over $400 million between 2002 and 2008. His unethical behavior was also a cause of the downfall of Countywide Financial. Mozilo received a $100 million severance package when Bank of American bought Countywide, the public was outraged. One of

These people had the chance to cheat millions from the organization and they exploited that for quite a long while before being halted. These were the top executives at Tyco so in spite of the fact that others comprehended what was going on, they didn't approach and confront the administrators committing swindle. The internal controls set up were insufficient to prevent the extortion and fraud from happening and on the grounds that the tone from the top inside of the company was that conduct of that sort was alright, others didn't approach to stop it either. The legitimization utilized by the culprits could have been that they buckled down for the organization and in this manner merited the additional remuneration. Likewise, they may have thought they would in the long run pay it back. General however, the primary inspiration in the scandal was

2008). In September 2002, Kozlowski and Swartz were accused of stealing more than $170 million dollars from Tyco and swindling $430 million in the sale of company shares. Tyco’s former chief corporate counsel Mark A. Belnick was also found to have forged business records to hide over $14 million dollars that he received in company loans (Timeline of the Tyco International scandal, 2005). The first trial began in October 2003, which was declared a mistrial in April 2004, because a juror said she received a letter pressurizing her to convict Kozlowski and Swartz. The second trial began in January 2005 and ended in June 2005, with Kozlowski and Swartz found guilty and in a separate trial, Belnick was freed of all charges against him (Timeline of the Tyco International scandal, 2005).

Complications surfaced that the company was not handling money correctly and top management was to blame. Either the company did not properly train their management (especially those who handled the financial aspects of the business) or management was not governing themselves by company policies and procedures that would make the business successful. It appears Kozlowski and his top executives were able to persuade many employees to overlook company policies and procedures to pursue high margins of profitability. This demonstrates that the organizational culture and management behavior was overlooking their ethical obligations to the shareholder, company, and employees of Tyco. They were willing to

Kozlowski’s unethical behavior did not happen over night, his actions became more prominent and confident over time. Gino and Bazerman (n.d.) found that “people are more likely to accept the unethical behavior of others if the unethical behavior develops gradually over time than if it occurs abruptly” (p. 711). When Kozlowski began working for Tyco, he worked under CEO Joseph

Throughout all the years that Dennis Kozlowski was CEO, Tyco International recorded revenue in range of billion dollar amounts. He was highly compensated for his hard work and commitment, but his desire for more ultimately led to his downfall. During the Fall of 2002, Dennis Kozlowski and his Financial Adviser, Mark H. Swartz, were indicted for a $600 million fraud scheme. According to The New York Times, both men “created