Swimming with the Razorfishes

Monday, September 19, 2005

Wahington Post: A state judge Monday sentenced former Tyco International executives L. Dennis Kozlowski and Mark H. Swartz to 8 1/3 to 25 years in prison. ordered Kozlowski to pay a $70 million fine and Swartz to pay a $35 million fine. [State Supreme Court Judge Michael Obus] ordered both men to pay a combined $134.4 million in restitution of illegal bonuses back to Tyco.

Given that Kozlowski known net worth is near half a billion dollars, and that he has surely hidden God knows how much of Tyco's money offshore, I don't think the sentence was terribly harsh. He'll be out of jail at 64 with hundreds of millions of dollars to his name.

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