Under The Microscope

As questions swirled around its accounting practices, Tyco International, an industrial and services conglomerate with $36 billion in annual revenues–and a beaten-down stock price–said last week it would split into four companies in a bid to “unlock tens of billions of dollars of shareholder value.” The company’s combative CEO, Dennis Kozlowski, predicted the breakup would add 50% to the stock price. Going him one better, Don MacDougall of J.P.