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Tyco Still Throwing Awesome Parties for Its Execs

(Newser) - Tyco became infamous in the early Aughts for throwing lavish parties for its top executives—Roman orgy parties, no less, that were used by prosecutors against then-CEO Dennis Kozlowski. Kozlowski's in lockup for fraud, but these days, it sounds as if kick-ass parties are still the norm. A former accountant... More »

Tyco Ponies Up Record $3B in Shareholder Settlement

(Newser) - After years of legal wrangling, Tyco will pay a record $2.975 billion to shareholders who say the company used faulty accounting practices to defraud them. The settlement by Tyco, which became a poster child for executive excess in the wake of the Enron scandal, represents the largest amount ever... More »

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