July 29, 2007

Dennis Kozlowski: Prisoner 05A4820

Morley Safer Speaks With The Ex-Tyco Chief Behind Bars

  • Play CBS Video Video Ex-Tyco Chief Behind Bars

    In Full: In a "60 Minutes" exclusive interview, former Tyco CEO Dennis Kozlowski discussed his rise and fall for stealing from the company. He now lives in jail making $1 a day.

  • Video Safer's Reporter's Notebook

    Only On The Web: Morley Safer discusses his "60 Minutes" interview with former Tyco CEO Dennis Kozlowski, who has gone from being a multi-millionaire to earning $1 a day in prison.

  • Video Kozlowski: Big Salary = Guilt

    In this "60 Minutes" excerpt, former Tyco CEO Dennis Kozlowski tells Morley Safer that one reason he was convicted was because he drew a huge compensation package.

  • Dennis Kozlowski says he's not guilty of stealing more than $100 million, charges that landed the former Tyco CEO in prison. Photo

    Dennis Kozlowski says he's not guilty of stealing more than $100 million, charges that landed the former Tyco CEO in prison.  (CBS)

  • Timeline Trouble At Tyco

    Former executives are accused of looting hundreds of millions of dollars from the mega-company.

(CBS)  This segment was originally broadcast on March 25, 2007. It was updated on July 23, 2007.

A year ago or so, the air was thick with tales of corporate scandal, lost pension funds, big time theft and even bigger time prison sentences for the Enron gang. Then there was Dennis Kozlowski, CEO of Tyco, who was found guilty of – in effect – using Tyco’s immense financial resources for what the prosecution described as his "own personal piggy bank."

You might remember the $6,000 shower curtain, and stealing over $100 million from the company.

60 Minutes correspondent Morley Safer wondered how the man, who could whistle up a corporate jet on a whim or throw a two million dollar birthday party, was doing in his reduced circumstances and what’s it like to go from "king of the world," to prisoner #05A4820, serving eight to 25 years behind bars.



60 Minutes caught up with Dennis Kozlowski at Mid-State Correctional Facility in upstate New York. "Guests" at the facility include murderers, drug dealers and pedophiles, and the odd multi-millionaire.

"In my wildest imagination, when I would project myself into my late 50's and early 60's, where I would be or what I would be doing. If I make a list of a hundred different places, or a hundred different things, here would never make that list," Kozlowski tells Safer.

He now earns a dollar a day, mopping floors and slinging hash to his fellow inmates. In January, Kozlowski spent a week in the hospital with a heart ailment and got to thinking.

Kozlowski has not really talked publicly until now; asked why he decided to speak now, he says, "When I was in the hospital in January, I was outside in the emergency room, feeling really uncomfortable and frightened. And that's when I've, you know, really made the firm decision that I wanted to go through and talk to you at this time."

He says he became very aware of his own mortality, and didn't want to leave the world "without at least an opportunity to talk about my side of the story, to the extent that I can talk about it."

He agreed to speak with one stipulation — that 60 Minutes would not include anyone else in this story.

Because of an appeal, he will not discuss the details of his case, but he will say he believes in the judicial system. "I think all that works. But in this case, the jury got it wrong."

That jury convicted him of 22 counts of grand larceny, conspiracy and securities fraud. His trials occurred in the wake of a white-collar crime wave: Enron, WorldCom and Martha Stewart.

The newshounds smelled blood. Accused of looting his company of hundreds of millions of dollars and living the life of a pasha at stockholder’s expense, he was the living, breathing version of "Wall Street's" Gordon Gekko.

Up to a point: what is puzzling is why does a man who struggled so hard, so effectively to make it become so careless and stupid and arrogant? Born in a tenement on the wrong side of the tracks in Newark, N.J., Kozlowski worked his way through school.

"I played guitar in a band. I worked in a pharmacy. I worked in a carwash. So, you know, I had two or three jobs going at any given time, you know," he explains.

Where he grew up, Kozlowski says there weren't that many options. "Growing up in Newark, New Jersey, at the time, you know, you never thought of yourself growing up to become a CEO," he says.

He started at Tyco, then a small New Hampshire manufacturing company, as an accountant making $28,000 a year and worked his way up to CEO. He became known as "Deal-a-Day Dennis," constantly acquiring new businesses, and building Tyco from a $40 million company into a $40 billion conglomerate.

Continued



Produced By Deirdre Naphin
© MMVII, CBS Interactive Inc. All Rights Reserved.
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by wshadrach March 24, 2007 6:14 PM PDT
Dennis Kozlowski is guilty. The trial is over, the verdict given. This whining is no different than all of his excuses about the apartment, the art, the birthday parties, the taxes and more. Many stockholders got hurt by this man and now, he must pay for his deceit. Personally, I hope he never sees daylight.
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by surlybonds-2009 March 24, 2007 8:21 PM PDT
Yes, Dennis is guilty. Guilty of being generous to everyone who worked for him and of putting his trust in some of the wrong people (Board Members). Tyco was no Enron, Worldcom, etc. Maybe Dennis and Mark got a little sloppy, but they were railroaded by their own Board who were too spineless to take any responsibility themselves. I look forward to the day when these two guys are released, but am not so naive to think that they will be exonerated or their release celebrated by anybody who didn't really know them. Hang in there Dennis and Mark!
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by tycobserver March 25, 2007 1:49 PM PDT
Guilt? Is it something intrinsic in one's actions, or is it merely a decision made by a jury of one's "peers"? For Kozlowski the bottom line is currently the second. Having closely watched the entire process leading up to this point, my conclusion is that there was no legal guilt of the first kind. As for stockholders getting hurt by Kozlowski, I would venture the number of stockholders who were helped by Kozlowski's actions greatly outnumber those hurt. If there is blame to be passed around for the (temporary) drop in the price of Tyco's stock price, much of it belongs on the head of the Manhattan DA's office and the compliant media who eagerly lapped up whatever the DA fed them. Hopefully, someday the truth of this "prosecution" will be told.
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by harp1963 March 25, 2007 8:27 PM PDT
I'm watching this segment right now. The thing that sickens me about this whole thing as a United Steelworker with a B.S. in Business Management and a Masters in Safety Management is that if we ask for an extra dollar on the hour everyone starts the "unions are the whole problem" bull. Business leaders in just about all American industries are keeping millions for themselves and sharing peanuts with the workers. Our current business leaders in America are a joke.
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by dmccoig March 25, 2007 8:35 PM PDT
I believe that if a person believes they are doing something wrong, they dont list it in writing and file it with the company they work for...

Truly this is an innocent man.. i believe
and i dont want any of your money Dennis

dan
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by e_bogey March 25, 2007 8:39 PM PDT
Guilty? Emphatically YES! Guilty of avarice, greed, arrogance &, hubris...
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by whydream March 25, 2007 8:40 PM PDT
Why would anyone making $100 million per year have to steal anything? He turned a $40 million company into a $60 BILLION company......He deserves every penny he ever earned & spent!
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by scurtis1962 March 25, 2007 8:46 PM PDT
In no way do I feel Dennis was guilty. It flies in the face of all successful people to believe the Tyco Board "all of a sudden" exposed him.

It was a lynching. Was he full of pride? Yes Was he arrogant? Maybe Was his wife a player guilty of ripping his heart out? Absolutely All the good time friends disappear in times of conflict. I know.

Please tell Dennis I will hire him right now to be the CEO of my company. Forward him my address. I believe he is a great man who went from nothing to something and then was lynched by Liberal America. God Bless him and love him and protect him. May be strong and get back all that was taken from him by Tyco, his friends and his selfish brutal self serving wife. Karma will get them all. Godspeed All.
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by b-fann March 25, 2007 8:56 PM PDT
This is the man who should be the President with John Edwards as the V-Pres.. Instead of wasting over 400 Billion Dollars at War he took a 40 Million Dollar company and turned it into a 60 Billion Dollar company. They should let him out immediately and put George W. Bush in his cell until the the war debt is paid in full... Which would be a life sentence. Dennis may have spent way to much $$, but I don't see him get an award for all of the profits that he generated.... The Board at Tyco knew exactly where and what the money was being spent on... Dennis didn't personally write and sign those checks. If he is guilty... then the whole board is guilty... And as far as his wife is concerned,,, my Dad told me something that I will never forget .... "When the money is gone, the love is gone." ... And that is so true !!! If Bush has any guts he will immediately pardon this man !!!
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by jfmcg2 March 25, 2007 9:01 PM PDT
I like the Yahoo extra---the interview with Morley Safer. Keep doing it.
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by b8011 March 25, 2007 9:01 PM PDT
Dennis made an honest mistake.
I would work for this man any day of the week.
Let's go out and arrest some real criminals.
This is a waste of taxpayers money to keep him in prison.
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by jmwalsh11 March 25, 2007 9:02 PM PDT
It is curious how so many viewers are sufficiently pure to be able to cast the first stone. Tyco stock increased 12.7 times in the decade Kozlowski led it before his troubles surfaced. When he left the stock was still 3 times more valuable than it was when he became CEO. He is guilty -- the court decided that -- but he probably is not culpable as in the Worldcom or Enron cases which were matters of total corporate pillaging. He is more of a schnook than a crook.
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by b8011 March 25, 2007 9:04 PM PDT
Dennis made an honest mistake.
I would work for this man any day of the week.
Let's go out and arrest some real criminals.
This is a waste of taxpayers money to keep him in prison.
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by kfsail March 25, 2007 9:08 PM PDT
I worked aboard mega yachts for 15 years, and I have seen gross wealth and decadence. I was at the birthday party in Sardinia and thought it was a great time. The media made it look like a circus and not the exciting drinks party that it was. Jimmy Buffet had been aboard Dennis's yacht a few times in the past, and I was not surprised to see him. I cannot imaging how the average person, as in members of the jury, can digest the reality that this extravagance is typical, on occasion, for extremely wealthy individuals. Especially when their guard is down. The media should lighten up on what he spent his money on. Average people can't understand it.
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by alfred2cush March 25, 2007 9:15 PM PDT
Send Dennis to Iraq to fight fires, that will make a believer out of him.
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by c2302 March 25, 2007 9:17 PM PDT
An innocent man sits in jail tonight....my heart goes out to him.....may god bless him and keep him strong
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by alfire1 March 25, 2007 9:21 PM PDT
MR. Koslowski is not gulity of the crimes he is gulity of putting trust in the wrong people.

This man did great thing but it is alway the case the one on top will always be attack and pull on.

I not sure if he will every see this but do tell him that it is clear to me he is a innocent man. Tell him to have faith and pray for the God I serve can free him even from prison.

I would wish to tell him myself be not discourage as you are not alone. The so call friends and family that left you did not truly love him. Be strong and let them go

However there are those that respect you and love you still even now.

I wish you health and longevity to fight this fight.

Hold on sir and know you have friends and this friend will pray for you.

I know your innocent.

Alfire

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by jones10000 March 25, 2007 9:23 PM PDT
Kozlowski's (Tyco's) half built yacht has sat for several years in a boatyard in Bridgeport, CT. You can still see the boat on I-95 near exit 29 (I just saw it again on 3/22/07). At the time it was being built, I had heard that it's construction was being overseen directly by full-time on-Site Tyco employees. The shipyard had built Kozlowski a helipad so he could fly in and inspect the ship at any time. Call me crazy, but I don't think that shareholders would approve of this allocation of corporate resources.
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by fizzal-2009 March 25, 2007 9:25 PM PDT
Here is a ceo of a multinational corperation trying too count something in the USA that is not legal tender here in the USA, and while the USA spends a billion for health care in South America i,m shure the New York atourny,s office will arrest them for not paying tax,s in the USA for the services they recieved when they show up in New York for citizenship?
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by brettstar4 March 25, 2007 9:29 PM PDT
Hello, I have not watched 60 minutes for quite a few years now...I tuned in this evening to catch the Dennis Kozlowski story and it was saddening to see such a fall from riches to rags... Anyways keep up the good reporting and I have now added 60 minutes to my Yahoo favorites!
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by mgardino March 25, 2007 9:33 PM PDT
I AM WRITING THIS FOR MR.KOZLOWSKI, WHO IS NOW CONFINED TO THE CRIMINAL JUSTICE SYSTEM THAT CONVEYS THE MESSAGE OF NO JUSTICE IN MOST IF NOT ALL SITUATIONS.
MR.KOZLOWSKI,
I WANT TO TELL YOU THAT THE REALITY OF OUR INDIVIDUAL SELF-WORTH TO OTHERS IS A HORRIBLE WAKE-UP CALL WHEN WE LOSE OUR MONETARY VALUE. BY USE OF "OTHERS" I MEAN FAMILY, ALL OF THE FAMILY, FRIENDS,BUT WERE THEY REALLY FRIENDS, AND LOVERS.I LOST MY MONETARY VALUE IN 1998 AND I TOO LOST ALL THOSE THAT "LOVED" AND "ADMIRED" ME ALL MY LIFE, EXCEPT FOR MY MOTHER AND FATHER, WHO HAD PASSED. I JUST WANT YOU TO KNOW, THAT BY LOSING ALL OF MY MONEY, I HAVE FOR THE FIRST TIME IN MY PAST 44YRS. CAN SEE MYSELF FOR WHO I REALLY AM AND NOT WHAT THE PEOPLE IN MY LIFE WERE TELLING ME. YES, IT HAS BEEN VERY HARD TO COME FROM WELL-RESPECTED,BECAUSE OF MY FATHER'S ACCOMPLISHMENTS,TO SITTING IN A VEHICLE AND REALIZING I WAS HOMELESS. I WAS 45 YRS OLD & HAD TO LEARN WHAT ALL OF THIS IS REALLY ABOUT, MONEY. HAVE A DEEP & CLOSE CONNECTION TO YOUR HIGHER POWER AND REALIZE "HE" WILL HOLD & PROTECT YOU AND TAKE YOU PLACES IN LIFE TO HELP YOU REALIZE THAT "HE" IS WHAT ALL THIS LIFE IS TRULY ABOUT. I WILL PRAY FOR YOU AND HOPE TO HEAR OF ALL YOUR NEW ACCOMPLISHMENTS IN LIFE SOON. THE KEY WORD IS "NEW". SINCERELY, M.GARDINO
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by adman518 March 25, 2007 9:39 PM PDT
All the expenses were on the book, not cooked books. Lets be real, the board knew what was being spent (or should have) and the auditors and CPA's certainly did. Let Dennis out. He is the one who grew the company, and lets lock up the board members and auditors.

Dennis was railroaded just like Marthas Stewart.

If Dennis wants to increase his $1 a day salary, I would ba happy to have him as an email advisor to my company. Please forward my email to him. He obviously has a brillaint business business mind.
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by walt1944-2009 March 25, 2007 9:52 PM PDT
Working as I have in the offices of companies both large and small, I have seen the workings of the upper management world and the recklessness and greed that goes on with the "uppers", many of whom don't have the brains to find their way out of a paper bag, but get big bucks and perks simply for being there and making stupid decisions. I've seen a coporate Executive VP take a limo to work for 2 weeks at $1,000 a day, while the company was deep in the red and the grunts benefits were cut down to nothing. I worked for a place where the owners stole all the workers medical, and pension contributions and worked for another guy who parked his kids new water jet bikes in the plant while arguing there wasn't money enough to give anyone a raise. So, I don't feel sorry one bit for cheats like Koslowski, Ebbers, Skilling, and all the others who got caught. Unfortunately, there are a lot more crooks like them out there, a lot more!!!
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by pbmbi March 25, 2007 9:52 PM PDT
TYCO overpaid when they took over a company for which I worked. I remember sitting in my office as Director of Research after they overpaid and saying to myself, "well here I am worth twice as much as I was yesterday and no way to pay for that no matter how hard I work". Well soon I was to find out how I would pay. "We at TYCO do not believe in entitlement benefits" the Director of Human Resources told us in a meeting. "Entitlement benefits, just what is that" I asked " is it like welfare?" "Well a good example is pension plans and we are here to tell you that yours is now frozen". Turns out Dennis's was not frozen and, his even had a special provision that if he was to end up in jail he would still get his pension. A little premonition here? This was in the TYCO yearly report way before Dennis was in the news for greed and averice. TYCO's business plan was simple and destructive. Overpay for companies, then strip out any value added components such as R&D etc. shut down and write off enough of the manufacturing operation as neccesary to ensure that the aquizition numbers would be met then milk the remaining manufacturing with little regards to anything but the bottom line. Certainly that works for awhile but at some point you have to pay for a lack of new products and new initiatives. Now the new Dennis says "we are going to break up the company to release shareholder value", exactly what Dennis and Mark Swartz said and tried to do just before the collapse.
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by feelfree1 March 25, 2007 9:55 PM PDT
Another misunderstood billionare. How very sad.
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by homeplace414 March 25, 2007 9:56 PM PDT
I work at Tyco owned company. I'm glad Dennis Kozlowski got caught and is in prison. I'm sorry that he is doing well and that his friends have left him and his wife is divorcing him. It's true that when you have nothing you find out who your true friends are. There are probably a lot of other people like Dennis but he happened to get caught. But, it makes me sick that I have to scrap weekly on the little that I earn. I earn 10.75 an hour, that's 430. a week working on a production floor packaging. And this man used company money for grotesquely priced things and parties. I've missed out on bonuses in the past few years because of this thing or that. This has really affected me sadly.
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by adman518 March 25, 2007 10:01 PM PDT
All the expenses were on the book, not cooked books. Lets be real, the board knew what was being spent (or should have) and the auditors and CPA's certainly did. Let Dennis out. He is the one who grew the company, and lets lock up the board members and auditors.

Dennis was railroaded just like Marthas Stewart.

If Dennis wants to increase his $1 a day salary, I would ba happy to have him as an email advisor to my company. Please forward my email to him. He obviously has a brillaint business business mind.
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by sdrosea March 25, 2007 10:57 PM PDT
Dennis, cry me a river. Shut up and go punch that next license plate.
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by franactor March 25, 2007 11:05 PM PDT
If Dennis reads this as I watched 60 min you seemed not like someone who would maliciously do a criminal act
And when I read your story and saw you were from Newark then I really perked up I too am from Newark...I woud love to correspond with you

Franactor@aol.com
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by icurkwl March 25, 2007 11:34 PM PDT
rofl...this is rich...TV time on 60 minutes,with no rebute....wow !I hope this isnt another ferderal loan...~.^...Ok "im only the head im not responsiable for what the tale does...!" Im thinking he should have contacted MTV for that bash
...we could have seen it live and not been
so resentful for his deliberate use of
monies not rightly designated in a corporation with stock holders....remember them,then we could have all had a good time watching the corporate let loose
and have a little fun....now we stuck with this looser on 60 mins...next time i think ill read the check befor i sign it..u never know where it goes
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by icurkwl March 25, 2007 11:41 PM PDT
Pay attention...A CEO is like a captain is to a ship...lol...ok bad example.
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by wyatturb March 26, 2007 12:00 AM PDT
I lost my life savings with the believe and trust that Dennis Kozlousy was a good man.I believed in TYCO and their idea of fiber -optic cable underwater.I won't feel sorry for him until I receive restitution.Us ordinary honest people would have received a much greater sentence if we stole millions of dollars from hard working people.
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by memel1 March 26, 2007 12:53 AM PDT
Dear Mr. Kozlowski:
I'm sorry that you lost your wife and your friends. Maybe this is all for the best. They seem to have been more interested in your wealth than in you anyway. My husband and I found out how many friends we had once...not very many. But do you know what, it made us look at each other and I absolutely found out that my best friend was him. We are not poor now but not rich...but we are happier than we have ever been. God is on your side and you can get thru this. It seems like it takes forever but eventually, the bad guys lose. You will have found your true self, the kid from nowhere, and you can carry on. If you did that stuff then pay your dues and go on, if you didn't put it behind you and go on. In the end nobody really cares. I really do not see how you could have made all of those decisions to make that company so huge in such a short time and at the same time shop for all the stuff. It takes forever to find the stuff and alot of research to find the right stuff and I don't see you having that much time. I believe that you must be a very smart man, it would have been impossible for you to achieve what you did unless you were a very smart man. Try to forgive them all. Anger and resentment are negative energies and you need to let them go. God will take care of them. No one will escape in the end. Keep your chin up and your eyes focused on the future. You are bigger than all of this. Repair your broken heart and keep the faith. memel@astle.com
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by tammorris March 26, 2007 1:17 AM PDT
Thank you Dennis for allowing 60 Minutes to interview you. You seemed personable, honest and forthcoming. I was saddened to hear, but not surprised, that your wife and the majority of your friends had moved on. I'm looking forward to Capt. Bill Smith's book about your story. If he needs help with the book let me know. tamcarew@yahoo.com
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by rjd100 March 26, 2007 1:46 AM PDT
How about a story on the thousands of people that Dennis "the menice" Kozlowski screwed over. I work for a TYCO Company. As a result of the poor, poor man, as potraied by the interview, I have friends who where laid off. Others who lost thousands of dollars in their pensions as well as seeing our stock drop to $8.25 a share. The man is a theif. He says that money is how big executives "kept score". Well scoreboard to Dennis, he made millions and still managed to steal with both hands in the till.

Maybe all your greedy friends left you now that you have no money, as it was your greed that that put you where you are.

Birds of a feather.

Lets hope that there is a special little place in hell for the likes of the Dennis Kozlowski's and Ken Lays of this world.
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by truthword March 26, 2007 2:00 AM PDT
Dennis Kozlowski still isn't sorry for his sins, still trying to justify them, I'll be praying for your soul Dennis Kozlowski if you get a chance to read this on a prison computer....

16These six things doth the LORD hate: yea, seven are an abomination unto him:

17A proud look, a lying tongue, and hands that shed innocent blood,

18An heart that deviseth wicked imaginations, feet that be swift in running to mischief,

19A false witness that speaketh lies, and he that soweth discord among brethren.

------------------------

Because of an appeal, he will not discuss the details of his case, but he will say he believes in the judicial system. "I think all that works. But in this case, the jury got it wrong."
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by truthword March 26, 2007 2:05 AM PDT
Matthew 19:24
24And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God.

Psalm 52:7
Lo, this is the man that made not God his strength; but trusted in the abundance of his riches, and strengthened himself in his wickedness.

Proverbs 28:11
The rich man is wise in his own conceit; but the poor that hath understanding searcheth him out.
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by truthword March 26, 2007 2:15 AM PDT
Jeremiah 51:13
You who live by many waters and are rich in treasures, your end has come, the time for you to be cut off.
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by w5152 March 26, 2007 3:33 AM PDT
how does this differ from what kerry hienz has done
would she ever be prosecuted?
this is how america works its a democracy !
DENNIS how can i help you

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by kla1965 March 26, 2007 8:24 AM PDT
Greed got the best of him, since he got caught now the whinning comes out like all the rest who got caught . If he didnt get caught he would still be spending in his lavish way.Serve your time ,YOU GOT CAUGHT DEAL WITH IT. Im loving life how but you?
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by scottcatalan March 26, 2007 8:26 AM PDT
hi dennis
i to were in a simular situation not as large as yours, but it is sad how people just bail on you when you need them.. i had friends and family who were so close to me when i had money and now forgot who your where i live.. i made some mistakes with money, but most of the people around me had benefit from my success and enjoyed my presents,, now they dont want to know me. Money does strange things to people, it is said to be the root of all evil.. that is no joke,, unfortunatly we need people to grow and i am learning to trust once again and i will have more then i ever had agian but i will make better choices,, one of my companions use to say to me it is more of what people perceive then what our intentions are.. this will pass for you and you will be out soon. keep your faith and spirit high
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by jetlizhan March 26, 2007 8:29 AM PDT
i saw a little bit of his interview on tv last night and he said, in essence, that at his age he could have imagined 100 places where he would be, but prison wasn't one of them - how can you steal millions and millions of dollars from hard-working employees, throw $2M parties and a $6K shower curtain and not maybe just 'imagine' that your @ss is gonna wind up in prison. stupid, overzealous, pompous crook.
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by mobro13 March 26, 2007 11:01 AM PDT
My level of compassion for this individual and to all white collar employees that feel the same way as Dennis is at an all time low. How dare you think that your actions are permissable? Do you have no shame? I have been an employee at ADT/Tyco for about eight years now and I am sickened that morals and ethics have been replaced with lies, scandals and embezzlement. Dennis should be ashamed of himself and should realize that what he has done is wrong. There is a time that all individuals should be punished for crimes of this nature. We need to teach our children that to succeed in life is to work hard and make the right choices and success will then follow. Somewhere along that track Dennis took the shortcut. CONTINUED TO NEXT COMMENT******
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by mobro13 March 26, 2007 11:06 AM PDT
***CONTINUED FROM LAST COMMENT***Maybe this time in jail will allow him to re-evaluate his criminal decisions. To all the CEO's, CFO's and individuals to whom make financial decisions for Corporate America utilize that God-given talent of knowing right from wrong and remember those who work day in and day out for thirty-thousand a year to make your numbers that is needed to get you that 1.63 Million Dollar Salary Boost. Some of us individuals will not see that amount of money in a lifetime. Dennis something important for you to remember while you have all the time in the world to think about it is "Character is something you earn it is not something that you can buy." When that is blemished with the selfish decisions that you have made no amount of money can rebuild it. May God have mercy on your soul. If not, I am sure Hell will have a Condo big enough for your ego.



Melissa.

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by jazz2kok March 26, 2007 11:07 AM PDT
Dennis
After seeing the interview, you handle yourself very well. Hold your head up high and keep moving forward. I've read all of the comments made about you from all of the so called self righteous? You have learned from your mistakes and so you must move on. Your business is doing time and adjusting to your current situation. Don't worry about the self-righteous. Hate comes from all angles. Keep you head up, soon this will pass.
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by smcmc March 26, 2007 11:45 AM PDT
I don't think I buy the "I was innocent" thing, it's pretty comical and humorous how as soon as someone gets caught they become deaf, blind and dumb about the details that got them there. I imagine he was a pretty good detail person, or he wouldn't have come from his childhood to the wildly profitable adulthood he enjoyed.

I disagree with many who don't believe that we as human beings deserve prosperity and abundance, I think we do, I think prosperity and abundance are good things! But I believe that the sharing of prosperity and abundance is what keeps you living that life. What he did appears to have been at the expense of the thousands of employees. 30 years ago companies like this would have provided health care and retirement and other benefits, including living wages, for their employees. This is where the desire for prosperity and abundance goes wrong for many.

Dennis, consider this, if you had lived opulently and well, and made sure that everyone in all of Tyco's companies was taken care of and living well, I believe that your own guilt and shame would not have created this situation for yourself. We all manifest based upon our own thoughts and feelings. The jury didn't do this to you, you did it to yourself. Somewhere along the line you believed that this was what you deserved, or were going to get, or you couldn't be where you are right now.
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by smcmc March 26, 2007 11:48 AM PDT
I have great compassion for him, because he achieved so much and never figured out how this all works here on this planet. I lost everyone and "fell from grace" at one time in my life also, but (thankfully) the fall wasn't anywhere near as many stories as his.

Without accepting responsibility for our own manifestations, it's impossible to maintain the manifestations we want. Did he believe he was responsible for his wild "successes" when he was at the top of his game? I'll bet he did. He is also responsible for his current situation.

That said, please consider that everyone deserves compassion. Where he's at and what has happened to him must be very difficult. Those of you that are so angry at him, whether for the way he lived, or for what he did to the little guys at the company or whatever, forgive him. You and you alone will suffer for the anger and unforgiveness you're holding for him. Why punish yourselves? Consider practicing compassion...
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by bowl203 March 26, 2007 12:11 PM PDT
For all of you who feel so bad for him, what about we who have put in 30 plus years for this co. & had to deal with the shame and humilation that Dennis brought upon us? What about those who lost their jobs? Who feels bad for their families? How many had to go on welfare? Food Stamps? WE are the ones who worked to make these companies a sucess, Not Dennis or Mark Scwarz. It was the LITTLE GUY! He shows no remorse for his actions.
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by bowl203 March 26, 2007 12:15 PM PDT
continue from last comment:
Feel sorry for him? Forgive him? I will when I get my $100,000 back I lost in my profit sharing. I will when he tells those who lost it all that he is sorry. When Dennis can promise jobs back to those companies that had to close because of him. I will when HELL FREEZES OVER!
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by iyyour777 March 26, 2007 12:36 PM PDT
Dennis Kozlowski was convicted for earning what the jury found an unfair ampount. Everyone should realize that they, or members of their family, can end up in prison if we allow this trend to continue. This is not justice, it is a mob mentality embracing mediocrity. Leona Helmsley was jailed for being the "Queen on Mean", but not may screamed that this was dangerous to all of us. If this prosecution trend is not stopped, no one will be safe. Power hungry prosecutors make careers this way. Marty London had the right blackberry message after the Belnick verdict. Publicity needs to get behind shutting down witch hunts.
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