In 2002, Wendy Lane had been a member of the board of directors at Tyco International a little more than a year when the company's CEO, Dennis Kozlowski, and other top executives were accused of fraud, which finally led to resignations, imprisonments, lawsuits, and SEC filings. In a short span of time Tyco lost two-thirds of its market value. Many outside the business questioned the board's direction and diligence. Lane, who had a successful career in investment banking before becoming a professional manager, was found in the firestorm. The case discusses the events that led to the crisis, the reputational threat she struck, her expressions on managing the crisis both personally and professionally, and also the lessons she learned as a director.
The Crisis at Tyco-A Director's Perspective case study solution
PUBLICATION DATE: May 20, 2011 PRODUCT #: 111035-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING
