The management failure of Tyco InternationalTyco International was founded by Edward Breen in 1960 (Wikipedia, 2007). According to Wikipedia, (2007), Tyco International's headquarters is located in Princeton, New Jersey, and employs 247,900 people. Dennis Kozlowski became CEO in 1992, aggressively leading the acquisition of several other companies in the organization (Wikipedia, 2007). In 1999, after a stock split, rumors began to spread about Tyco's accounting habits. Tyco was said to be producing irregular financial accounts, but Tyco leaders denied this. During the years of Kozlowski's leadership, Tyco merged and acquired several companies, growing their profits over $30 billion, but doubled its long-term debt by over $10 billion (Wikipedia, 2007) . together, Kozlowski caused more damage to the company. According to Kay (2002), “The American conglomerate Tyco International Ltd. is in deep crisis following a wave of revelations regarding the corrupt practices of the company and its top management.” When things got worse, Kozlowski resigned as the stock plummeted. A bankruptcy for Tyco International would mean that 240,000 employees would be out of work, which would have a negative impact on the economy (Kay, 2002). Acquisitions and financial manipulations lead to huge profits for Tyco over a long period of time. Tyco faced bankruptcy due to the failed tricks of its accounting department and the fraudulent activity of the company's leaders. Kozlowski was accused of investing millions of dollars in his personal life. His greed and distraction cost the company billions of dollars, cost him his freedom... middle of paper... strategic, tactical, operational and emergency planning. By using all of these components, Tyco International has been able to produce valuable products under honest leadership. Reference: Business Week, (2002), Rebuilding Trust in Tyco, excerpted from http://www.businessweek.com/magazine/content/ 02_47/b3809105.htmBusiness Week, (2002), The Rise and Fall of Dennis Kozlowski , Retrieved from http://www.businessweek.com/magazine/content/02_51/b3813001.htmOppenheim Consulting, LLC, (2005), Sarbanes-Oxley Compliance, Retrieved from http://www.oppenheimconsulting.com/sox.htm Kay, J., (2002), Tyco: US conglomerate falls amid revelations of greed and corruption, World Socialist Web Site, Retrieved from http://www.wsws .org/articles/2002/jun2002/tyco-j18.shtml