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Ex-Tyco Chief Defends Bonuses in Court

Dennis Kozlowski, the former chief executive of Tyco International, has taken the stand in his own defense. Kozlowski offered an explanation of bonuses his employees' claimed were unauthorized. Kozlowski is accused of looting the company of $150 million and artificially inflating its stock.

Copyright 2005 NPR

Jim Zarroli is an NPR correspondent based in New York. He covers economics and business news.