Tyco’s problem Essay

Tycos job was a consequence of crownwork executives and members of the board non supervising what was legal and what wasnt within their high society. CEOs Kozlowski and chief financial off-keyicer Sw trickz failed to unwrap 1000000s of dollars of low enfolding and involvement free loans they received from Tyco. The executives u interlockhical demeanor resulted in stockholders benefits being written off which ended the company traveling into a monolithic debt. The top executives dis compete greed for m unmatchabley.1. What do you believe Kozlowski motive for seeking to overturn gross tax incomes revenue enhancements on his art purchases was? Kozlowski motive was power and greed for m stary. Kozlowski knew that he was in a top target of authorization. and most alike(p)ly believed that no 1 was traveling to oppugn his place or the untimely things that he was going complicated in. There was besides no alive answerability nowadays or uncoiledness to Tyco. Kozlowski realized t hat if he purchased the graphics with Tyco financess and so falsified the records. so he wouldnt wee to pay the revenue enhancements out of his ain pocket and took a great gamble that no 1 would happen out. He ab apply Tycos assets for his ain pecuniary addition.2. Explain the construct of commingling assets with regard to the Tyco illustrate Commingling assets is and is the act of blending the financess belonging to one party with those of another party. particularly when one party has duty to maintain the financess pick for the other party. Tyco used this as a manner to travel around the corpse for its on private additions. concealing the true purposes of its executives. Commingling personal with concern assets is over altogether a hapless concern determination. The executives treated the companys money as if it were your ain. Besides. the executives used Tycos concern assets for their ain personal addition by buying graphics. sixfold existent estate belongingss. jewellery . and other expensive points for personal usage. By commingling assets. the executives caused attending from revenue enhancement governments and SEC and other miserable probes due to their delusory behaviours.3. Would it hold been contingent for the board of managers to see the accommodations pickings topographic point in the different plans at Tyco? The board members could hold found the flagitious accommodations taking topographic point. but non truly likely in this instance. In a sense. the board of managers is every human activity overmuch at mistake as the piquing executives because if they played a more pro dynamic function in the concern operations. so the executives whitethorn non hold gotten away with every bit much as they did for the long stream of clip. If they had taken a more active function. they would hold found deceptive paperss and pseudo strategies that were go oning manner Oklahoman than when they were finally discovered.As a consequence of the board no n taking an active function. the executives actions went on for some clip without any notice. The executives knew what they were make was incorrect and unlawful. being manifold in revenue enhancement equivocation. hyperbolic net incomes and commingling assets. The executives were besides passing out illegal unauthorised fillips. They besides become involved in paying off official to be quiet on the affair. Overall. the incorrect actors of the company knew that their actions were illegal. unethical. and dearly-won to Tyco. but they risked all of these things for their ain personal addition. They believed that no 1 would catch on to their actions. but like all offenses that condemnable commit. it finally catches up with them.