When a 75-year-old bank robber told federal judge Kenesaw Landis he was too old and sickly to serve the 15-year prison sentence the judge had just given him, Landis, known for a kindly manner but an unsentimental heart, replied: "Well, do the best you can."
Nearly a century later, judges sentencing corporate executives who defrauded shareholders seem to be taking the same merciless tact that Landis, a flamboyant self-promoter now best known for serving as the first commissioner of baseball, took with the geriatric crook who appeared before him.
Dennis Kozlowski, the former chief executive of Tyco International Ltd., is the latest disgraced corporate chieftain to receive a punishment that could easily keep him confined by concrete walls and barbed wire for the rest of his life. Kozlowski, 58, was sentenced to eight years and four months to 25 years in state prison last week after being convicted with former Tyco finance chief Mark Swartz, 45, of taking $600 million from the company.
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