This report raises many questions. How has American corporate governance gotten to a state that a company can buy its CEO's old New Hampshire house from him for triple its market value? Why didn't the board notice, or did it just not care, that the company was paying for its CEO's residences and furnishings in Manhattan and Boca Raton without their authorization? Why did the Times deem all the juicy details about Kozlowski's wife's birthday party (half paid for by Tyco) unfit to print? Did board members know about the party? Were none of them invited? And how is it possible to pay $6,000 for a shower curtain?
But most of all --- what the hell is a dog umbrella stand?
(Note added: It's important to disginguish Kozlowski's arrangements from the retirement package awarded to GE's "Neutron Jack" Welch, formerly a rock-star CEO noted for his efforts at minimizing costs. That package, which included all expenses associated with Welch's residences, free use of GE's corporate jet, floor-level seats at Knicks games, and an itemized list of miscellaneous expenses ranging from satellite TV to toiletries, apparently was approved by GE's board...)