He was born in Newark, New Jersey on November 16, 1946. While serving as CEO of Tyco, Dennis also gained considerable notoriety for his lavish parties and lifestyle that were funded by Tyco. He was eventually tried and convicted of receiving unusually high bonuses and paychecks totaling more than $80 million. He was also convicted of illegally receiving $14 million worth of art and fraudulently authorizing a $20 million payment to a Tyco investment banker. He was sentenced to serve 8 to 25 years in prison at Mid-State Correctional Facility and will be released in January 2014.
Dennis Kozlowski's most famous extravagances include a $30 million NYC apartment that Tyco paid for. This apartment famously featured a $6000 shower curtain and a $15,000 dog umbrella stand. Tyco also spent $1 million on a lavish 40th birthday party for Dennis' former wife on the Italian island of Sardinia. In total, Dennis stole more than $150 million in cash and bonuses from Tyco and earned an additional $430 million from artificially inflating the company's stock price. In addition to jail time, Kozlowski was ordered to pay $134 million back to Tyco and a $70 million fine to the US government.
