Tyco Chief's Crimes Against Humility
Disgraced Kozlowski's wild excess revealed in Sardinia party memo
JUNE 17--In recognition of this afternoon's guilty verdicts against former Tyco International chairman Dennis Kozlowski (and deputy Mark Swartz) for pillaging the company, we've dug into our archive for this remarkable e-mail memorializing one epic Kozlowski scam. Among hundreds of improper expenditures, the company actually paid half the $2 million tab for the ostentatious 40th birthday party of Kozlowski's wife Karen. Details of the June 2001 shindig on the Italian island of Sardinia are contained in this missive sent to party planners by Tyco employee Beth Pacitti (the memo, drafted two months before the bacchanal, refers to Kozlowski as 'LDK'). TSG's favorite touch, of course, was the ice sculpture of David, um, spewing vodka. Kozlowski's future bunkmates at Sing Sing are sure to be impressed. (1 page)