I put Middle Earth Journal in hiatus in May of 2008 and moved to Newshoggers.
I temporarily reopened Middle Earth Journal when Newshoggers shut it's doors but I was invited to Participate at The Moderate Voice so Middle Earth Journal is once again in hiatus.

Saturday, June 18, 2005

Kozlowski hears the distant sound of cell doors slamming and the crying game.

While out for a long ride yesterday we popped in a CD of Lewis Black's Rules of Enragement. In it, he has a very long diatribe on Tyco ex-CEO Dennis Kozlowski. You may remember that Dennis, along with a couple of cronies, looted over a $billion (yes, that's spelled with a "b"... not million) from the corporate coffers. Lewis went on at some length bemoaning the prospect, as he saw it, that Kozlowski would never do any time for these activities.

Well, it looks like there is a chance that he may be wrong.

NEW YORK (CNN/Money) - Former Tyco CEO Dennis Kozlowski and ex-CFO Mark Swartz were found guilty Friday of looting Tyco of $150 million in one of the biggest wins yet for prosecutors pursuing corporate crime.

Kozlowski, 58, and Swartz, 44, were each found guilty on 22 counts of grand larceny and conspiracy, falsifying business records and violating general business law. They were each acquitted on one count.

Of course, the appeals process is yet to come, and it still stands as fairly probable that they'll do no time, but it's a start.

Black's suggestion for their fate sounded better. They should be sent to a nuthouse where they would sit for twenty years next to a person who was crocheting something that isn't there.

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