Tyco Execs In The Slammer

NOVEMBER 1--The last time we saw Dennis Kozlowski and Mark Swartz was on September 19, when the pair was sentenced in a New York courtroom for their banditry of Tyco International. The disgraced executives were each hit with prison terms of eight-and-one-third to 25 years and immediately taken into custody (both were convicted in June of grand larceny and other felonies for swiping nearly $200 million from Tyco and manipulating the firm's stock price for $400 million more in personal gain). So here's a first post-sentencing look at jailbirds Kozlowski, Tyco's ex-CEO, and Swartz, the firm's former CFO. The convicted corporate raiders are currently wards of the New York State Department of Correctional Services and are bunking at the maximum security Downstate Correctional Facility in Fishkill, about 80 miles north of Manhattan, where Kozlowski once owned a $20 million apartment and a $6000 shower curtain. The duo posed for these mug shots three days after their sentencing (Kozlowski can be seen below, and Swartz's photo is on the following page). While Kozlowski, 58, has long been follicly challenged, Swartz, 45, lost his curly 'do because prison intake procedures include inmates having their heads shaved. But the new harder look works for him, we think. (2 pages)