Monday, September 19, 2005

Ex-Tyco Execs Get Up to 25 Years in Prison

L. Dennis Kozlowski, the former CEO of Tyco International Ltd., and former Tyco finance chief Mark Swartz were sentenced Monday to up to 25 years in prison for stealing hundreds of millions of dollars from the company in a case that outraged the public with its tales of executive greed and excess.
The men, who were immediately ordered into custody,(AP) — will be eligible for parole after serving eight years and four months.

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