Monday, March 02, 2015

BORING use of Wealth

These days, his shower curtain is from Bed Bath & Beyond in a nondescript white.

On the 35th floor of a two-bedroom rental overlooking the East River, L. Dennis Kozlowski lives with his new wife, Kimberly, in relative modesty — at least compared with his previous life as the extravagant chief of Tyco International.

Gone are the Renoir and the Monet. There aren’t any souvenirs from that iniquitous $2 million Roman-orgy birthday he threw in Sardinia in 2001, complete with Jimmy Buffett on guitar and an ice sculpture of “David” urinating Stolichnaya.

And there’s definitely no $6,000 gold-and-burgundy shower curtain — which landed him on The New York Post’s cover under the headline “OINK, OINK.”

Ten years and a lifetime ago, Mr. Kozlowski reigned as the archetype of avarice. This helped lead to his conviction in 2005 for looting nearly $100 million from Tyco, for which he served six and a half years in prison. That showy shower curtain was in his corporate residence on Fifth Avenue — paid for with Tyco funds — and came to symbolize a life of unabashed excess.

Article

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