Why did TYCO collapseD???

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Why did TYCO collapseD???

How is it related to agency related
?????????

Thanks.

2007-10-06 21:46:00 · 2 answers · asked by Gaurav 1 in Business & Finance ➔ Corporations

2 answers

Investors allege that fraud occurred during the tenure of former Tyco Chairman Dennis Kozlowski, who is accused of running a criminal enterprise that looted more than $600 million from the company.

At the height of the company's troubles last year, the decline in its share price had erased as much as $90 billion in market capitalization.

2007-10-07 03:46:04 · answer #1 · answered by Sandy 7 · 0⤊ 0⤋

False financial statements and fraud.

2007-10-10 00:24:48 · answer #2 · answered by Feeling Mutual 7 · 0⤊ 0⤋