Tyco International
Security companywww.tyco.com
19
MENTIONS
15
EPISODES
15
PODCASTS
Search complete. 19 mentions across 15 episodes found for "Tyco International".
Oct 5, 2026
Brian GrayHOST
Yeah, I think that, so I think that there's...
Brian GrayHOST
You-- Do you remember back in 2001 when the internet was a big thing, and the stock market was going crazy back then, and then it crashed, and then you had all these, uh, when the water came back, it, it exposed all of these scams that were going on, like Enron and Tyco and all of those.
Brian GrayHOST
Do you remember that?
Jeff LuskevarHOST
Yes.
Kandi ThomasHOST
This one totaled 14.8 billion impunitive damages.
Kandi ThomasHOST
This combined national class action settlements from manufacturers including 3M, DuPont, Tyco, and BSAF, and is dedicated to funding public water provider cleanup.
Kandi ThomasHOST
3M reached a massive $12.5 million nationwide agreement to resolve claims by U.S. public drinking water systems detecting PFAS at any level funding testing and treatment infrastructure.
Kandi ThomasHOST
DuPont, Chemours, and Cortiva agreed to a $1.19 billion package to resolve claims that they were tied to PFAS contamination.
John MackeyGUEST
And some of the bigger platforms are really struggling to say, okay, is it a NetSuite solution? Or is it, you know, one of the platforms is putting in SAP.
John MackeyGUEST
Remember when we did that at Tyco? I know.
John MackeyGUEST
Yep, felt the pain.
John MackeyGUEST
It's still going on, don't
Andy PruittGUEST
So you could go and specifically to risk engineering.
Andy PruittGUEST
And normally those people migrate into places like maybe they work for Tyco or Simplex or Siemens, right? Health life safety control systems.
Andy PruittGUEST
You'll find risk engineers in your EPCMs, your engineering procurement construction management companies.
Andy PruittGUEST
So it's, there's a whole body around risk engineering.
Aswath DamodaranHOST
It came to the surface when Tycho got into a problem in the early part of the last decade.
Aswath DamodaranHOST
You've never heard of Tyco.
Aswath DamodaranHOST
It's a company that grew through a lot of acquisitions.
Aswath DamodaranHOST
It was a conglomerate.
Aswath DamodaranHOST
And when the accounting scandal blew up, the company lost 70% of its stock price.
Aswath DamodaranHOST
That was no surprise.
Aswath DamodaranHOST
But when Tyco went through the accounting scandal, GE lost 15% of its value.
Aswath DamodaranHOST
So what do they have in common? What do Tyco and GE have in common? They're both conglomerates, they both grew through acquisition.
Alex EdmansGUEST
A- and we've seen many examples of CEOs who might be crooked or running the company for reasons other than long-term shareholder value.
Alex EdmansGUEST
So the Tyco CEO threw a million, multi-million dollar birthday bash for his wife and charged half of it to Tyco.
Alex EdmansGUEST
How he was able to get away with this as a legitimate business expense, I, I, I, I don't know.
Alex EdmansGUEST
Um, but what you'd love is you'd love to be able to find the CEOs who are crooked and short their companies.
PhilHOST
And one of them being the board of directors, right? You can't control what they're going to do.
PhilHOST
You can't necessarily control if they're going to issue more shares, right? You, God forbid something ever happens like with Tyco security products, right? Dennis Kozlowski, right? He was out spending like something like $25,000 on the, on umbrellas, you know, as the CEO, right? You can't control that.
PhilHOST
Now with Bitcoin, right? You just get to opt out of all that shit.
PhilHOST
That was the narrative, right? And it worked for a lot of people like me who didn't, right? I'm not a full-time stock trader.
Maureen CallahanHOST
Now, apparently, you can rent, like, the lawn of the Kennedy, like, the main Kennedy house for events, you know? Okay, society was shocked this summer when invitations went out for a joint birthday party for Dennis Kozlowski.
Maureen CallahanHOST
The former Tyco exec jailed in 2005 over a $134 million fraud scheme.
Maureen CallahanHOST
I believe this was the guy who had, like, a gold-plated or a fully gold...
Maureen CallahanHOST
Umbrella holder.
Shirley LeungGUEST
You know, this is a story that the New York Post broke last week about Dennis Kozlowski.
Shirley LeungGUEST
He's a, you know, the disgraced former Tyco CEO.
Shirley LeungGUEST
Do you remember he was on trial two decades ago? He had the, he had this fancy birthday party in Sardinia.
Shirley LeungGUEST
Toga party.
Alex EdmansGUEST
They might do flashy rebrands or big mega mergers, or they might be concerned about just using the company as a piggy bank.
Alex EdmansGUEST
So it was the CEO of Tyco who threw a, I think it was a $2 million party for his wife's 40th birthday, charging half of it to, to Tyco, and this really matters.
Alex EdmansGUEST
And what I'm suggesting in this chapter is we can use a lot of these publicly available signals to tell us a lot about the CEO as, the CEO's character.
John R. MilesHOST
So AI is becoming increasingly sophisticated, even faster than even the experts thought it might.
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