Get All Access for $5/mo

Corrupt CEO Dennis Kozlowski and His Infamous $6,000 Shower Curtain Take a deep dive into the amazingly greedy life of the former Tyco CEO on the new episode of 'Dirty Money.'

By Dan Bova

Kypros | Getty Images

If you're looking for the poster boy of corporate greed, look no further than L. Dennis Kozlowski, the former CEO of Tyco who took excess to a whole new level. He's the subject of this week's episode of Entrepreneur's new podcast, Dirty Money, which you can listen to above or on any podcast platform.

Related: Subscribe to Dirty Money | Apple | Spotify | Stitcher

In 2005, Kozlowski was arrested and served six and a half years in prison for looting nearly $100 million from his company. Records revealed that he secretly loaned tens of millions of dollars of corporate funds to executives and forgave those loans to win their loyalty. (What a swell guy.)

On top of all that, without board approval, he doled out millions in bonuses and used company money to buy himself a $16.8 million apartment in New York City. He repeatedly dipped into Tyco's til to cover his personal $80,000 American Express bill and luxury oddities, including a $17,100 traveling toilet box, a $15,000 dog umbrella stand, and a $6,000 shower curtain.

Related: The Latest on Art World Scam Artist Anna 'Delvey' Sorokin

On this episode of Dirty Money, hosts Jon Small and Dan Bova speak with Catherine S. Neal, Associate Professor of Business Ethics and Business Law at Northern Kentucky University and author of Taking Down the Lion: The Triumphant Rise and Tragic Fall of Tyco's Dennis Kozlowski to get to the bottom of his greed (if there is a bottom.)

Thanks for listening, be sure to subscribe and throw us a rating! Apple | Spotify | Stitcher

About Dirty Money

Dirty Money is a new podcast series from Entrepreneur Media telling the tales of legendary scammers, con artists, and barely-legal lowlifes who stop at nothing to bilk their marks of millions. Hosted by Entrepreneur editors Dan Bova and Jon Small, the podcast takes a deep dive into the deviants behind the deeds.

Dan Bova

Entrepreneur Staff

VP of Special Projects

Dan Bova is the VP of Special Projects at Entrepreneur.com. He previously worked at Jimmy Kimmel Live, Maxim, and Spy magazine. His latest books for kids include This Day in History, Car and Driver's Trivia ZoneRoad & Track Crew's Big & Fast Cars, The Big Little Book of Awesome Stuff, and Wendell the Werewolf

Read his humor column This Should Be Fun if you want to feel better about yourself.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Business News

These Companies Offer the Best Work-Life Balance, According to Employees

The ranking is based on Glassdoor ratings and reviews.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.

Leadership

Why Your AI Strategy Will Fail Without the Right Talent in Place

Using fractional AI experts through specialized platforms allows companies to access top talent cost-effectively, drive innovation and scale agile strategies for growth.

Science & Technology

Use This Framework to Successfully Integrate AI Into Your Business Operations

Here's how to ensure both innovation and compliance when using AI in your organization.

Business News

Here's What the CPI Report Means for Your Wallet, According to JPMorgan and EY Experts

Most experts agree that there will be another rate cut next week.