Tyco news stories on Newser

Tyco Still Throwing Awesome Parties for Its Execs

10keytramp — Tue, 13 Jul 2010 10:03:05 CDT

Tyco became infamous in the early Aughts for throwing lavish parties for its top executives—Roman orgy parties, no less, that were used by prosecutors against then-CEO Dennis Kozlowski. Kozlowski's in lockup for fraud, but these days, it sounds as if kick-ass parties are still the norm. A former accountant...

Tyco Ponies Up Record $3B in Shareholder Settlement

J. Kelman — Tue, 15 May 2007 15:42:06 CDT

After years of legal wrangling, Tyco will pay a record $2.975 billion to shareholders who say the company used faulty accounting practices to defraud them. The settlement by Tyco, which became a poster child for executive excess in the wake of the Enron scandal, represents the largest amount ever...