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And then there's Dennis Kowalski, former CEO of Tyco, 10 years ago. Here's a guy making 10s of millions, if not 100s of millions dollars a year, who expensed a $7,000 shower layer. Now, I don't know what exactly a $7,000 shower curtain genuine or in would purchase one. But think about the actual leader's personal unethical behaviour permeated that corporation. Effortlessly conclude generally there was an absence of Board oversight, and that the concepts of stewardship and accountability were unable part from the executive heritage. And the outcome is that Tyco went bankrupt and Dennis Kowalski is still in dejecting prison.
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