Hints and tips:
...It is not alone in showing that frenetic deal activity comes at a cost: Tyco, a smaller company that split itself up twice in five years before merging into Johnson Controls in 2016, paid $900m in fees....
...Enron was the forerunner of other US corporate scandals that I covered from New York, including Tyco and WorldCom....
...ITT split in 1995 and Tyco broke up after a scandal in 2006. Yet each had become big enough by 2011 to split themselves up again....
...After the collapse of Enron and the accounting scandals at Tyco and WorldCom, business schools came under fire....
...The trade reached a high water mark in the early 2000s with era-defining criminal fraud cases involving Enron, Arthur Andersen, WorldCom, Tyco and other Fortune 500 companies....
...Among other triumphs, he sent Dennis Kozlowski, former chief executive of Tyco International, to prison for looting the industrial conglomerate of $600m....
...Ebbers’ six-week trial was a pivotal moment in an era of white-collar criminal trials in which chief executives from Enron, Tyco, Adelphia and Martha Stewart Living, among others, were hauled into court...
...Some of the accounts reminded me of Dennis Kozlowski, former head of Tyco, jailed around the same time as Ebbers for looting nearly $100m mostly in unapproved bonuses....
...(He suggested to me in 2015 that the stress — and success — of Tyco’s frenetic dealmaking set him up for his fall, but that is another story.)...
...In 2005, Morgenthau also successfully prosecuted Dennis Kozlowski, flamboyant chief executive of Tyco International, for using company funds to finance his lavish lifestyle, painting him as the avatar of...
...Wisconsin industrial titan Johnson Controls merged with rival Tyco in 2016 and, in the process, sent its corporate office to Cork, in Ireland....
...Tuesday’s deal comes two years after Johnson Controls spent more than $20bn to buy Tyco International, an Irish-domiciled company that specialises in providing fire protection for buildings....
...Miramontes and former Tyco chief financial officer Arun Nayar — will replace current Rite Aid directors David Jessick, Myrtle Potter and Frank Savage, who will not stand for re-election at the company’s...
...exit from a private equity investment in South Korea in more than four years with the sale of security systems company ADT Caps to SK Telecom and a Macquarie fund for $2.8bn in May, having bought ADT from Tyco...
...Carlyle bought ADT from Tyco in 2014 for $1.93bn. The fund said on Thursday that at the end of March it had $1.5bn invested in more than 20 deals in South Korea....
...Over a decade ago, the leaders of WorldCom, Tyco, and Enron were all found guilty. Since then, examples are harder to come by....
...It was a trick used extensively by companies such as Tyco and Worldcom, described here in Howard Schillit's book, Financial Shenanigans: Think of it this way: cash spent to purchase inventory and other costs...
...Enron, Lehman Brothers, Tyco, Worldcom, Carillion, Steinhoff and Valeant, to name but a few, all attracted substantial interest from the shorts. There are some extreme examples....
...Multibillion-dollar frauds at WorldCom and Tyco landed executives in jail — three years later....
...In a period when other diversified industrial groups, including Tyco, Alcoa, and Siemens of Germany, have split or streamlined their businesses, it is again tempting to call the end of the conglomerate age...
...Nobody should rule it out in a US market where Alcoa, Xerox, Tyco and others have split themselves up....
...WorldCom, Tyco, and Valeant are just some of the groups that claimed to have a formula that could turn debt-funded acquisitions into share appreciation....
...series at ft.com/leaders — and rewind to season one at ft.com/pressure — including Pascal Soriot of AstraZeneca on facing down a hostile bid from Pfizer, and Dennis Kozlowski, former chief executive of Tyco...
...Denis Koslowski former head of Tyco, tells Andrew Hill, FT management editor, how he reinvented himself in the wake of public disgrace and imprisonment....
...In an era of widespread wrongdoing at companies such as Tyco, HealthSouth and WorldCom, prosecutors secured convictions of Enron’s chairman Ken Lay and chief executive Jeff Skilling....
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