Former Tyco Execs Found Guilty

Two former top executives of Tyco International Ltd. were convicted Friday of looting the industrial products and services company of more than $600 million to fund extravagant lifestyles featuring expensive jewelry, an opulent Manhattan apartment and a gaudy Mediterranean birthday party. CBS/AP reports: Dennis Kozlowski, former CEO and Mark Swartz former Chief Financial Officer,[were both] found guilty of grand larceny, securities fraud, falsifying business records and other charges. It is about time the upper echelon of these companies finally start paying the price for their fraudulent activities, and causing the loss of thousands of jobs and retirement funds of former employees. Now let's get Bush and Cheney's Enron buddies Kenneth Lay and Jeffrey Skilling. Or better still Bush and Cheney themselves. MORE....