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Tyco International Ltd. is a Conglomerate with official headquarters in Bermuda , though most of its administrative and executive functions are actually run out of Princeton, NJ , and its operations headquarters are in New Jersey . Major business areas of Tyco include electronic components, health care, fire safety, security, and fluid control. HISTORY In 1992 , Dennis Kozlowski became Chief Executive Officer of Tyco, and for the next several years, the company adopted an aggressive Acquisition strategy, eventually acquiring (by some accounts) over 1000 other companies between 1991 and 2001. Some of these acquisitions included household names such as ADT Security , Curad, and divisions of Siemens , Raytheon and AT&T . With the acquisition of ADT Security, Tyco moved its incorporation (but little else) to Bermuda in 1997 . While publicly part of the merger (ADT was already incorporated in Bermuda), this move was controversial as it was seen as a quasi-legal use of a Tax Haven . This tax advantage was promoted in literature to shareholders and investors. In 1999 , just prior to a Stock Split , rumors of accounting irregularities surfaced. The rumors were strongly denied by Tyco's leadership, who accused the sources of selling Tyco shares Short for personal gain. Partly in response to this, shareholders fought a Proxy battle to reincorporate in Delaware , but this effort was rebuffed by the Board Of Directors . During this time, Tyco spun off the deep-sea cable laying division it had purchased from AT&T as Tyco Submarine Systems in a much anticipated IPO . Throughout the 90's, Tyco's Earnings seemed to improve steadily, with many investors giving it Blue Chip status. In hindsight this may have been an Illusion generated by the ways in which the acquisitions were treated on the company's books. Unlike other companies where fraud and other charges were made public in 2001 and 2002, such as Enron and HealthSouth , Tyco was never in a cash crisis. The current CEO of the company is Ed Breen , who came over from Motorola . On . {Link without Title} LEGAL CHARGES Former Chairman and Chief Executive Dennis Kozlowski and former Chief Financial Officer Mark H. Swartz , were accused of the Theft of US $600 million from the company. During their trial in March 2004 , they contended the board of directors authorized it as compensation. During jury deliberations, juror Ruth Jordan, while passing through the courtroom appeared to make an " Okay " sign with her fingers to the defense table. She later denied she had intended that gesture, but the incident received much publicity (including a caricature in the Wall Street Journal), and the juror received threats after her name became public. Judge Michael Obus declared a Mistrial on April 2, 2004. On June 17, 2005, after a retrial, Kozlowski and Swartz were convicted on all but one of the more than 30 counts against them. The verdicts carry potential jail terms of up to 25 years in state prison. Kozlowski himself was sentenced to no less than eight years and four months and no more than 25 years in prison. PRODUCTS Some of the many products made by Tyco include:
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