english FORT WAS ON THE Tyco board when he put back a house in cutting Hampshire in 1996 to condition CEO L. Dennis Kozlowski, who resigned last calendar week. An internal probe by Tyco is face into whether the house was improperly purchased with corporate funds, the source told Reuters. Kozlowski resigned last week and was indicted in New York on charges of scheming to exclude paying $1 million of state sales taxes on artwork. New York investigators are now also looking at whether Kozlowski and other(a) Tyco executives improperly used an executive stock options fund to lead astray real estate and personal items.
In addition, Tyco is looking into a second possible conflict of interest involving fortify, as well(p) as one involving director Stephen Foss. In 1999, Tyco sold a unit of measurement that makes pipes and valves for $810 million to DLJ Merchant Banking Partners II, a fund that Fort certain and invested in. Advertisement Mr. Fort recused himself on the board vote and we remember the transaction was handled ...If you want to get a salutary essay, parliamentary procedure it on our website:
OrderCustomPaper.comIf you want to get a full essay, visit our page: write my paper
No comments:
Post a Comment