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Ex-Tyco CEO granted parole
Tyco was based in Exeter, N.H., during Kozlowski’s rise as CEO.
The former executive spent more than six years at the Mid-State Correctional Facility, a medium-security prison in Marcy, N.Y.
Kozlowski is scheduled for formal release on Jan. 17, according to Linda Foglia, a spokeswoman for the Department of Correctional Services.
Kozlowski, whose lavish spending as a chief executive included buying a $6,000 shower curtain and throwing a $2 million birthday party in 2001 for his then-wife, was denied parole last year.
Kozlowski stole $137 million from Tyco in unauthorized bonuses, abused company loan programs and sold more than $400 million in inflated stock.
Kozlowski’s co-defendant Mark Swartz, Tyco’s former chief financial officer, was granted parole in October and also is scheduled for release Jan. 17, Foglia said.
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- Whom do you think bears the brunt of the blame for the mayhem this weekend in Keene?
- KSC students
- KSC administration
- Visitors from out of town
- A combination of any/all of the above
- Total Votes: 2483