November
13
Dennis Kozlowski in jail three years, still doesn't get it
First off: Can you believe what former TYCO CEO Dennis Kozlowski looks like? He's straight from Central Casting as a fatcat-turned-jailbird. Secondly: As Silicon Alley Insider's Caroline Wexler points out, "Why the jailers would agree to let him appear (on Fox Business) is beyond us."
However, he may (may - not putting money on that, no pun intended) have a point when he says his actions don't really register when you look at Lehman Brothers, Bear Stearns and AIG: "Tyco is still a viable company, still alive and kicking. Bear Sterns is under, Lehman Brothers is under. Merrill Lynch had to be acquired. There are all kinds of banks going under right now."
Still, it's hard to feel too badly when he says stuff like this: "I sit here and I read about a $150 billion bailout of AIG, I compare it to a $6,000 shower curtain. It's hard to reconcile the two."
True. That's because NO ONE IS SUGGESTING THEY'RE THE SAME THING. It's not like his gold-laced shower curtain wasn't obnoxious, but it didn't even came close to being the extent of his sins against Tyco Intl.; he was convicted of misappropriating more than $400 million in corporate funds. Granted, an AIG bailout could support 37 Kozlowskis in the lifestyle to which they were accustomed, but let's face it: That's still pretty gross. [Fox Business]

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Obama is worse! Luckily no matter what happens in the private sector no one person can do much damage.........compared with Obama ...Ouch!
We're in trouble.
Posted by: FreemonSandlewould | February 27, 2009 at 11:45 AM