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Tyco’s off message echoes Enron as woes unfold
The article argues Tyco International, under scrutiny for executives’ home purchases and potential miscounting, now delivers clumsy public statements. With Dennis Kozlowski out and a planned spin off via IPO, Moody’s and S&P rate Tyco as junk, while the firm defends itself and questions ratings moves amid revived SEC probes and internal investigations.
MENTIONED IN THIS ARTICLE
Gene Colter
Dow Jones
New York
Tyco
Enron
Tyco International Ltd
Wall Street
Dennis Kozlowski
Moody's
Standard & Poor's
Mark Swartz
S&p
Moody's and
Fitch
post-Enron
The
Wall Street Journal