Tyco CEO-slash-Orgy Boy Dennis Kozlowski: 'I just was not thinking'

[Bush_Eats_Beef]

Kozlowski: 'I just was not thinking'

Former Tyco CEO takes stand in larceny trial, denies wrongdoing



http://www.msnbc.msn.com/id/7654295/

NEW YORK - Former Tyco International Ltd. chief L. Dennis Kozlowski took the witness stand Wednesday and denied he ever abused company loan programs or received a bonus to which he was not entitled.

Testifying in his own defense at his retrial on larceny charges — he did not take the stand at the first trial — Kozlowski said his intent was always to grow the company, never to commit a crime.

Still, asked by his lead lawyer why a $25 million bonus from the company did not appear on his 1999 tax return, Kozlowski said he could not explain why.

“I just was not thinking when I signed my tax return that I had a $25 million loan forgiveness,” he said. “Year in and year out at Tyco, my tax returns for the most part had been correct. I didn’t pick up on it.”

[YDogg]

1. WTF?

"... my tax returns for the most part had been correct."???

[Bush_Eats_Beef]

3. Yep, like the cliche about being "a little bit pregnant."

I'm guessing the "margin of error" he's referring to was probably greater than most of the yearly salaries in the U.S...

[The Backlash Cometh]

2. They do it because they can.

There has to be some sociological research already out there on white male power heads. They really do feel entitled to do things that the rest of us would lose sleep over.

[htuttle]

4. The old 'Steve Martin' defense*

"I forgot. I forgot it was illegal to not pay my taxes. I forgot it was illegal to commit fraud and grand larceny."


* Reference to an old Steve Martin skit, not anything Steve Martin did personally.

[oscar111]

5. 2 Million dollar party; whats the orgy about?

he spent 2 mill on a bday party.

vodka from a male organ in an ice sculpture.