Business Ethics

Introduction (Summarize the overall viewpoint of the author, and discuss the major issues presented in the case.)

In the case, the author is showing how Dennis Kozlowski and Mark Schwartz were at the top of an elaborate scheme to defraud Tyco. This was accomplished by talking about how their troubles began based upon Kozlowski's desire to avoid paying taxes on artwork in New York State. As the investigation expanded, the overall scope of the fraud became much larger. ("Tyco I'm Sure that's a really Nice Shower Curtain," n.d.)

This is when the different programs were discovered that allowed for rampant abuses to occur. Most notably: the payment of employee expenses, the key employee loan, relocation and bonus programs. The combination of these factors allowed for Tyco executives to take large payouts from anyone of these initiatives and hide it from investors. This is how both men were able...
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