Talk about karma:
NEW YORK (CNN/Money) - A letter written 10 years ago by convicted Tyco CEO Dennis Kozlowski that condemns stealing from stockholders could play a role in determining the length of his sentence, according to a news report released Thursday.
Prosecutors in the trial of Kozlowski, who was convicted last week on charges that he pocketed in excess of $150 million dollars from Tyco, say they may use the letter during their sentencing recommendation for the former exec, the Wall Street Journal reported.
Kozlowski’s 1995 letter, written to a Houston sentencing official over the trial of Girish P. Shah, recommended that the former assistant controller at Tyco “be sentenced to incarceration for a maximum term,” and stated that stealing from a company is “a particularly egregious crime.”
