The troubles that Tyco experienced initially were often attributed to a

The troubles that tyco experienced initially were

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company. The troubles that Tyco experienced initially were often attributed to a skittish market reacting to the falls of Enron and WorldCom as well as problems with Global Crossing and Kmart.[ CITATION AND02 \l 1033 ]Tyco’s stock price fell initially due shortly after Enron’s bankruptcy. Tyco began to experience a decline in its share price. America has had corporations like Enron and WorldCom as examples of crooked CEOs. So it’s not surprising for America to think or assume the wrongdoing done by those CEOs or those in charge of the companies. The questions are always easier to ask after the fact. Look at Enron, Kenneth Lay laid out the longest and best Code of Ethics but none of it was followed through.[ CITATION AND02 \l 1033 ]Mr. Belnick and his EthicsMr. Belnick’s acquittal was not due to him acting ethically. Belnick got permission for his actions from Kozlowski. The “relocation program” with Tyco saved him from his actions. He also told a friend that he felt uncomfortable working at Tyco because he’s not well informed and out of the loop with Kozlowski and the board. However, it does not excuse him for his actions, he kept taking the loans, first $4 million for his apartment in New-York, even though that “relocation program” required a person’s originals to New-Hampshireand then, $10 million for a new house in Utah for his family. Mr. Belnick can say bring any arguments for his defense, but the truth is clear, he is a greedy selfish man that did not think he could get caught. His actions speak for themselves, there are even no smell of ethics in them. If Mr. Belnick was as ethical as he claims, he would report immediately to authorities, when Kozlowski offered him that loan and that would have saved him from many problems.[ CITATION Mar11 \l 1033 ]Patricia Prue’s EthicsPatricia Prue, the vice president for HR at Tyco and the one responsible for processing the paperwork for the forgiveness of the officers’ loans, and who had benefited from the loan forgiveness program herself, approachedMr. Kozlowski in September 2000 and asked for documentation that the board had indeed approved all the loan forgiveness for which she was doing the paperwork. Mr. Kozlowski, without ever producing board minutes,
wrote a memo to Ms. Prue, “A decision has been made to forgive the relocation loans for those individuals whose efforts were instrumental to successfully completing the TyCom I.P.O”.[ CITATION Mar11 \l 1033 ] Ms.

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