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April 29, 2005
This does not appear to be going well
Former Tyco International CEO, Dennis Kozlowski, is on trial for a second time in New York City for allegedly looting Tyco. Mr. Kozlowski's first trial, in which he did not testify, ended in a hung jury.
In the second trial, Mr. Kozlowski has decided to testify. According to this NY Times article, the following is a part of the cross-examination of Mr. Kozlowski about conversations he had with a now-deceased former director whom Mr. Kozlowski said approved a $25 million bonus that was missing from his 1999 tax returns:
"You did not notice $25 million was missing from your W-2?" asked [prosecutor] Ms. [Ann] Donnelly in an incredulous manner."That is absolutely correct," Mr. Kozlowski replied. "I did not."
Posted by Tom at April 29, 2005 6:20 AM
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