How bad are they? --Thoroughly rotten --Strong stench --A little fishy
TYCO The company's market cap has fallen $90 billion since January 2001
EXECUTIVE COMPENSATION [Strong stench] CEO Dennis Kozlowski, who resigned last week, made $62 million last year, including stock options. Unlike many other CEOs, he didn't waive the $75,000 fee for serving on his board of directors
AGGRESSIVE ACCOUNTING [Strong stench] Tyco has been accused of "spring-loading": padding earnings growth by acquiring companies after making them prepay expenses and forgo new revenue. The SEC found no wrongdoing
INSIDER STOCK SELLING [Strong stench] Kozlowski and his chief financial officer have...
