Dennis Kozlowski Net Worth is$600 Million
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Profession: Film Producer
Date of Birth: Nov 16, 1946
Nicknames: L. Dennis Kozlowski, Leo Dennis Kozlowski
Country: United States of America
Dennis Kozlowski was once Tyco Internationals CEO whose net worth is listed as $600 million. Dennis Kozlowski accumulated his net worth through his position at Tyco, but was later tried and convicted of receiving unusually high bonuses and paychecks, and is now serving time at a Mid-State Correctional Facility. He was born in Newark, New Jersey.
Leonard Dennis Kozlowski (born November 16, 1946) is a former CEO of Tyco International, convicted in 2005 of crimes related to his receipt of $81 million in purportedly unauthorized bonuses, the purchase of art for $14.725 million and the payment by Tyco of a $20 million investment banking fee to Frank Walsh, a former Tyco director. He is currently serving 8.33 to 25 years at the Mid-State Correctional Facility in Marcy, New York. His earliest release date is January 17, 2014, when he becomes eligible for parole. According to NY state inmate directory he has been granted conditional release at Lincoln Correctional Facility in New York City.
Kozlowski was born in Newark, New Jersey. His mother, Agnes (n'ee Kozell), worked for the Newark Police Department and as a school crossing guard, and his father, Leo Kelly Kozlowski, worked for the Public Service Transport. His parents were second-generation Polish-Americans. Kozlowski attended Seton Hall University, a Catholic university.
Kozlowski joined Tyco in 1975, becoming CEO in 1992. With Kozlowski at the helm, Tyco massively expanded during the late 1990s. The company consistently beat Wall Street's expectations and through a series of strategic mergers and acquisitions, ushered in a new era of mega-conglomerates. Kozlowski left Tyco in 2002, amid a controversy in regard to his compensation package.
Kozlowski has been tried twice. The first attempt was a mistrial as one of the jurors, Ruth Jordan - who sided with Kozlowski - later claimed that she was threatened by a member of the public. Kozlowski testified on his own behalf during the second trial, stating that his pay package was "confusing" and "almost embarrassingly big", but that he never committed a crime as the company's top executive.
Kozlowski was convicted on June 17, 2005 of crimes related to his receipt of $81 million in purportedly unauthorized bonuses, the purchase of art for $14.725 million and the payment by TYCO of a $20 million investment

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Dennis Kozlowski Latest News

Fmr. Tyco CEO Kozlowski Talks About His Next Chapter

Former Tyco CEO Dennis Kozlowski has settled back into the corporate world after serving over six years in the New York State prison system. In 2005 Kozlowski was convicted of crimes relating to reported unauthorized compensation of more than $81 million ...
Posted: February 10, 2016, 2:15 am

40 Years of Page Six: Lifestyles of the rich and shameless

The $6,000 shower curtain, $15,000 umbrella stand and $2 million birthday party for his wife, replete with toga-clad models and a vodka-whizzing ice sculpture: Few spent as lavishly as Tyco CEO Dennis Kozlowski before his 2005 conviction for ripping off ...
Posted: December 6, 2017, 1:25 am

Dennis Kozlowski, former Tyco CEO who went to prison, back in M&A business

Dennis Kozlowski, who was convicted for using then Boca Raton-based Tyco International as his personal piggy bank, is back working in mergers and acquisitions for a Fort Lauderdale firm. The former Tyco CEO went to prison for 6-1/2 years after being ...
Posted: January 11, 2017, 5:02 pm
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