Tyco's X-Rated Party Scandal

September 25, 2002

Among the questionable business practices being exposed at Tyco International is how the company used shareholder dollars for some interesting party choices, including a cake with exploding breasts. According to documents on the Smoking Gun Web site, the company paid half the $2 million tab for the 40th birthday party of former chairman Dennis Kozlowski's wife, Karen. A memo about the Italian-themed party describes an ice sculpture of David with piles of shellfish and caviar—and a bizarre gimmick: "A waiter is pouring vodka into his back so it comes out his penis into a crystal glass."

Posted 09.25.02

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