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¶ … Business Ethics," Peter Stanwick Sarah Stanwick, 2009 Read Case Study 20 (p. 389), "Tyco: I'm That It's a Really Nice Shower Curtain." Summarize viewpoint author paragraph form, discuss major issues presented case.
Dennis Kozlowski and the Tyco case study
The author in this case concentrates on providing readers with more information on the central character involved in the story and the way he singlehandedly cheated the authorities and society as a whole. The case study makes it possible for readers to acknowledge the paradox surrounding Dennis Kozlowski and his thinking. Even with the fact that he could afford paying taxes for his business deals, he evaded these respective taxes out of greed. His obsession with having the upper hand in dealings with the government put him at great risk and was ultimately the reason why he ended up in jail.
The former CEO of Tyco International certainly has an intriguing character -- he was in charge of a company that he helped significantly and was unhesitant about bringing it to ruin. His involvement in the company had made it possible for it to experience rapid progress and to become one of the most powerful firms in the region. "In his ten years as CEO, through growth via acquisition, Kozlowski grew the size of Tyco from $2...
Kozlowski was most certainly enabled to reach the position he came to occupy as a consequence of his history with Tyco. The fact that he worked with the company since the 70s made him a person other employees saw as an integral part of the firm and as someone who would be loyal regardless of circumstances. In contrast, the former CEO simply took advantage of his position and extended his influence over the company in order to accumulate as much profits as possible. His greed did not stop there as even thought he had the capital to pay taxes for diverse assets he came to own, he was reluctant to pay these respective taxes and preferred to use diverse strategies with the purpose to trick states into thinking his businesses were completely legal.
Question 1.
It's likely that Kozlowski also considered the idea of having the authorities taking large amounts…
Works cited:
"Tyco: I'm sure that it's a really nice shower curtain (The rise of Dennis Kozlowski)"
This was designed to limit the total amounts of insider selling for tax purposes. As time went by, Swartz used this program to give all employees loans for any reason. This helped Kozlowski and other executives to receive large loans from this program (that were forgiven in the future). ("Tyco," n.d., pp. 389 -- 402) (Farrell, 2011, pp. 442 -- 446) The Impact of Auditors Price Waterhouse Coopers was the auditor
First of all, they should implement a better control of the executives' actions by limiting their rights and access to corporate funds. No major decision regarding future mergers, acquisitions or investments should be taken by a single executive. All significant activities and fund usage should be approved by the Tyco board during general meetings. The number of these meetings should be of at least one or two per week. The
The first trial for the two began on September 29th, 2003. The trial was not concluded as one of the jurors had complained of been pressurized to convict the two former executives. The retrial was conducted, and the jury reached its verdict on June 17th, 2005. They were both acquitted for one count and convicted for 22 criminal counts. They were not found guilty of falsifying business documents. Both of
This is particularly important because it will give the Tyco employees a sense of accomplishment that they might not otherwise feel, and show them that they are in fact on the right track. This conversation also gives management the opportunity to provide feedback about the progress everybody has taken on the change initiative. 4. "After 18 months in this position, it is hard to believe that people still view the
Tyco International is a worldwide manufacturing company that is involved in production of various products since its inception in the 1960s. The company is currently divided into five main business segments which are Safety Products, ADT Worldwide, Flow Control, Fire Protection Services as well as Electrical and Metal Products. Furthermore, the company recently split its corporate sections into three independent companies i.e. Tyco Healthcare, Tyco International Ltd. And Tyco Electronics
" (Cummins, 2006). The VP for Corporate Governance, Pillmore announced a series of ethical principles, to prevent such scandals. The first principle "calls for strong leaders who see themselves as stewards of the company and mentors for its future leaders." (Cummins, 2006). The second principle is to establish a "web of accountability," where corporate leaders are constantly questioned about ethics-based decisions. (Cummins, 2006). The third principle is to investigate actual