Tyco International Case Study

810 Words4 Pages
Tyco International, a global company that was founded and established in Princeton, New Jersey during the early 1960’s and has expanded since to provide products and services to customers in over 60 different countries. According to their website, Tyco “brings together best-in-class product, technology and service capabilities across controls, fire, security, HVAC, power solutions and energy storage, to serve various end markets including large institutions, commercial buildings, retail, industrial, small business and residential” (Tyco). Unlike many other companies, Tyco International made a name for themselves within their first decade of business and even managed to be enlisted in the New York Stock Exchange. Following these accomplishments, the company purposely slowed its growth in order to organize itself and be more effective. They recontinued expansion during 1992, the same year Dennis Kozlowski became CEO of the company. Between the years 1991 - 2001, Tyco International acquired more than 1,000 companies, many of whom had respectable reputations.
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
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