Dennis Kozlowski took over the helm of Tyco International, Ltd. (Tyco) in the year 1992. By the end of its 2001 fiscal year, Kozlowski's Tyco had made over 100 announced acquisitions with total revenues in excess of $30 billion (Exhibit 1). Kozlowski's strategy, named "increase on increase," fueled Tyco's competitive approach toward acquisitions and took the company from just over $3 billion of sales in 1992 to $36 billion in 2001.
Investors supported Tyco's strategy as evidenced by the tenfold increase in Tyco's stock price over exactly the same period (Exhibit 2). Purchase." But was the evidence truly there? This case describes the fiscal state of Fannie Mae prior to its entering authorities receivership. Provides an overview of the factors and a history of Fannie Mae resulting in its failure.
PUBLICATION DATE: March 13, 2009 PRODUCT #: A201-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
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