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Dennis Kozlowski's Leadership In Crisis

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Tyco international is a corporation that was founded in 1960 Arthur J. Rosenberg. It began as an investment and holding company that eventually expanded into Healthcare, Electrical and Electronics, Specialty Products and Fire and Security Services. Tyco became a solid publically traded company under its founder and leader Arthur J Rosenberg. Under his leadership, Tyco not just expanded but grew that between 1973 and 1982 the company went from $34 million to 500 million in consolidated sales. (Ferrell, Fraedrich, Ferrell, 2011). The story of a leadership in crisis reflects on the governance and unethical misconduct of its Chief Executive Officer (CEO) Dennis Kozlowski. Dennis Kozlowski entered the corporation in 1975 and at the time was under the leadership of Joseph Gaziano. Dennis was mentored by Gaziano and was quite impressed by the lavish, opulent and affluent lifestyle. In 1982 Gaziano passed away and John F. Fort III became CEO. His leadership style was that of one that was quite frugal in his spending. This was a change within the culture of Tyco as it moved in a new direction and Kozlowski had to adapt to the changes. Fort Leadership and Management style was to cut back on what he saw as wasteful spending. He opposed the extravagance of that of his predecessor and directed the company focus more towards making a profit for investors and shareholders. Kozlowski adapted to the changes made by Fort and also supported the vision and new direction the

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