Topic: Tyco International: Leadership Crisis
Tyco International: Leadership Crisis
This is a case summary of Corporate Scandal of Tyco International as it was reported by MSNBC (msn Business scandals) news. Tyco International is a global manufacturing company incorporated in Switzerland with operational head offices at Princeton, New Jersey in United States. In 2004 the company experienced a corporate scandal committed by two of its employees the chief executive Mr. Dennis Kozlowski and former chief financial officer Mr Mark H. Swartz who were employed in 1975 and 1991 respectively. While in office they were accused of giving themselves more than $150M in unlawful bonuses and forgiving loans to themselves, besides manipulating the company stock’s price.
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