In a trial that will be remembered for its tales of bloated extravagance, Tyco International Ltd.'s former chief executive and finance chief received sentences of up to 25 years in prison. The men will be eligible for parole after serving eight years and four months.
Tyco's former chief executive L. Dennis Kozlowski, 58, and former finance chief Mark Swartz, 44, were found guilty in June on 22 counts of grand larceny, falsifying business records, securities fraud and conspiracy -- actions which prosecutors said involved both men giving themselves more than $150 million in illegal bonuses and forgiving loans to themselves, besides manipulating the company's stock price.
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