dennis kozlowski was accused and convicted of stealing about $100 million from tyco. most of that was in the form of bonuses. kozlowski was and to this day continues to be a very strong believer in pay for performance. he thinks the best way to motivate people is incentive pay. incentive pay with no caps. you can make as much depending on your performance. that is how he paid people in the company and that is how he was paid. there were a few consecutive years where kozlowski was making more than one hundred million dollars a year. that is a lot of money. of that amount about $1 million with his base salary was all that was guaranteed. the rest of that was all paid because of the pay for performance programs in the company. there was a written policy about how bonuses would be calculated. these four bonuses you was convicted of stealing were all mathematically correct. the amounts were correct. the problem was the board of directors was supposed to approve those bonuses before they ever paid to the executive and there was no documentation of approval of the board and d

the media that loved dennis kozlowski as the ceo turned on him very quickly. new york city is the largest media market in the world and they look for stories and they turned on kozlowski pretty quickly and he was called all kinds of derogatory names like pig, dennis the menace which is an obvious one, and he really became the face of corporate greed, the face of everything that was wrong with corporate america, overpaid executives, a court decisionmaking, unethical behavior, all attached to his face. there were two trials, kozlowski and schwartz. after six months, the second trial lasted five months, the conclusion of which they were convicted of 22 of 23 felony counts against them and they were both sentenced to 25 years. this is in a hard core state prison, not in sometimes you hear about clubs said, federal prisons where white-collar criminals serve time, a federal prosecutor feel about that, i have been to the prison where kozlowski served time and found no tennis courts or swimming pools or anything. it looked very prisony. i talked about this case must di

and it really focuses on the former ceo, manned by the name of dennis kozlowski. so the students that present the case study to a great job. i was finding myself every semester spending 30 or 40 minutes after students presented saying, i don't really understand this case. with the facts that were available in the textbook and other resources i kept looking and and looking at it. and there would be other major corporate scandals that i could make sense of what went wrong, or the bad decisions were made. but in the scandal i just could not make sense of it. on its face adjusted not make sense to me. so eventually because i found myself real explaining or explaining that i did not understand it after the students groups presented a case study had decided to take the case to the back and do it myself every semester so that i could say i don't understand it and said of students. and so this was a case that night get me for many years. a little background about the case. tyco international began as a small new hampshire company in 1960 doing some on glamorous types of w

. >> catherine kneele is next on book tv to talk about the rise and fall of tyco dennis kozlowski. professor kneele had access to him in the district attorney who prosecuted him, arguing that all the people directly involved in the case in the media have reported on at acted unethically at some point. this is about an hour and ten minutes. >> one of the greatest of ventures in my life began three years ago when i did something outside my comfort zone. at the time it seemed like a very small and insignificant act , but it turned into something really, really important and significant. my adventure has taken me to places i have never been like a hard core new york state prison and up slinky wall street law firm where president franklin delano roosevelt once practiced law