Ed Breen: TYCO


In his 2 1/2-year push to reform Tyco, Ed Breen has pulled off feats that would have made lesser CEOs quake in their wing tips. He persuaded the entire board of directors of the disgraced company to resign, fired almost all its top corporate managers and faced down an $11 billion debt when he had no cash to spare. But there is one thing he is unwilling to do: celebrate. Tyco has finished its first solidly profitable year since its notorious former CEO, Dennis Kozlowski, turned the little-known industrial conglomerate into shorthand for greed. But Breen is not planning any parties...

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