The case of Tyco 's 2002 corporate scandal focuses on the topic of unethical commercial activity and related issues. Tyco was a multinational company that expanded through a series of acquisitions.
Tyco's case reveals that the issue was the illegal corporate practices of a number of its highest ranking officials, in particular CEO Kozlowski. Judicial trials have found that Kozlowski looted millions of dollars from Tyco and that his fraudulent financial dealings were comprehensive.
Kozlowski and other Tyco officers have been jailed. Tyco declined as investors lost their trust in the firm.The case of Tyco shows that ethical problems will emerge in various areas of the company.
Supposedly reputable leaders and executives with a commendable record may show unethical conduct and participate in unethical activities.Also observers or third parties may be active in these legal problems. The Codes of Ethics and the related evaluation of the company must also include staff at all levels of the organisation, as well as major third parties interested in the activity.