Best Known For
Dennis Kozlowski was the CEO of Tyco before he was convicted of various corporate crimes and sentenced to prison in 2005.
Think you know about Biography?
Answer questions and see how you rank against other players.Play Now
Business executive and convict. Born Leo Dennis Kozlowski on November 16, 1946 in Newark, New Jersey. The son of a public service investigator, Dennis Kozlowkski grew up in an apartment complex in west-central Newark. He graduated from Seton Hall University in 1968 and in 1970 took an auditing job in New York City with the conglomerate SCM Corp. Kozlowski joined Tyco in 1975, where he spent the next 27 years rising through the ranks as an exceptionally enterprising and effective manager.
In 1989, Kozlowski was promoted to president and chief operating officer of Tyco. In 1992, he was named CEO of the company. He was credited with a series of successful mergers and acquisitions as well as Tyco??s massive expansion in the late 1990s. Under Kozlowski??s leadership, Tyco's revenues rose by 48.7% a year from 1997 through 2001. Kozlowski??s total compensation also ballooned: from $8.8 million in 1997 to $67 million in 1998 to $170 million in 1999. During this time, Kozlowski became notorious for his extravagant lifestyle, allegedly having had Tyco pay for his $30 million New York City apartment and $1 million for his wife??s 40th birthday party on the Italian island of Sardinia.
In 2002, Kozlowski left Tyco amid a controversy regarding his compensation package. That year, he was indicted for tax fraud with regard to evading $1 million in New York sales tax from purchases of fine art. But this was minor compared to the second indictment shared with CFO Mark Swartz, which included 38 felony counts for pocketing $170 million from the company and $430 million through tainted sales of stock.
In June 2005, Kozlowski was convicted of misappropriating more than $400 million of Tyco??s corporate funds. He is currently serving at least eight years and four months at the Mid-State Correctional Facility in Marcy, New York.
© 2013 A+E Networks. All rights reserved.
profile name: Dennis Kozlowski profile occupation:
Sign in with Facebook to see how you and your friends are connected to famous icons.
Your Friends' Connections
Included In These Groups
Despite their high economic standing, these white collar criminals, arrested for a variety of crimes, proved not to be above the law. View Biography.com's White Collar Criminals group for more on Charles Ponzi, Raj Rajaratnam, Bernard Ebbers, Jeffrey Skilling, Kenneth Lay, Ivan Boesky, Bernard Madoff and many more.
White Collar Criminals 16 people in this group
These actors, musicians, business leaders and entrepreneurs all have two things in common: They're filthy rich and have famously tried to dodge the IRS. Unfortunately for them, they've all gotten caught at one point or another and have made headlines for ripping off Uncle Sam. From Nicholas Cage to Leona Helmsley to Wesley Snipes, check our list of epic tax evaders.
Tax Truants 20 people in this group
Famous Scorpios 503 people in this group