
Management risk 87
before he was charged with tax evasion and related offences by New York authorities in
connection with his purchase of valuable Impressionist paintings. Many more secrets
became known by way of Kozlowski’s indictment on tax evasion charges, and the
events which followed it. The equity’s rout gave Wall Street’s short-sellers their day of
glory.
4.8 Conflicts of interest: from IPOs to disappearing technology
firms
Nobody would really question that the low business ethics of the late 1990s led to the
d´ebˆacles of 2000–2002. Enron, Tyco International, ImClone Systems, Kmart, Adelphia
Communications, Global Crossing, WorldCom are but a ...