Tyco: Greed, Hubris and the $6000 Shower Curtain

Stewart Hamilton and Alicia Micklethwait

Chapter Chapter 5 in Greed And Corporate Failure, 2006, pp 81-97 from Palgrave Macmillan

Abstract: Abstract The Tyco story is not, strictly speaking, one of a company that failed. It is the tale of an ambitious and greedy man: a man who, blinded by previous success and spurred by the prospects of fabulous wealth, went on a $60 billion acquisition spree; a man who took his company into new, and risky, markets; a man who, quite blatantly, looted his company of millions of dollars.

Keywords: Audit Committee; Initial Public Offering; Share Price; Compensation Committee; Weak Internal Control (search for similar items in EconPapers)
Date: 2006
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DOI: 10.1007/978-0-230-50275-8_5

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