• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

2

Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 

3

Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis

1

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI

2

Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 

3

Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis
Featuresphilanthropy

This CEO Spent Nearly 7 Years In Jail. Now He’s Helping Ex-Cons

By
Pat Wechsler
Pat Wechsler
Down Arrow Button Icon
By
Pat Wechsler
Pat Wechsler
Down Arrow Button Icon
February 16, 2016, 2:00 PM ET
Dennis Kozlowski arrives to Manhattan
UNITED STATES - JUNE 16: Former Tyco, Inc., CEO Dennis Kozlowski arrives to Manhattan criminal court for the tenth day of jury deliberations for his corporate accounting fraud case, New York, NY, June 16, 2005. (Photo by Adam Rountree/Bloomberg via Getty Images)Photography by Bloomberg Bloomberg via Getty Images

L. Dennis Kozlowski once was best known for the $6,000 shower curtain he bought as part of a multimillion-dollar spending spree with corporate cash that landed him in prison for close to seven years. Since his release from prison in 2012, the former CEO of Tyco International has been quietly working to rewrite his legacy.

Last week, Kozlowski, 69, was officially named chairman of the Fortune Society, a nonprofit social service and advocacy organization that helps ex-felons like Kozlowski re-enter society as productive members and works to promote alternatives to prison. Kozlowski has been active with the group since he began a work-release program in 2012.

“We don’t do much for people coming out of incarceration,” Kozlowski told Fortune. “While I was [in prison], I taught GED courses and I knew that was a step in the right direction, but people coming out after spending many years away need so much more than that. They need help to prepare for the job force, to figure out where to live, how to get food, how to survive on the outside. Especially those without friends and family or any kind of support system.”

The Fortune Society helps to provide a safety net for ex-felons, often working with them even before release, providing work training, affordable housing options, outpatient substance abuse treatment, a mental health clinic, and even paid internships. Kozlowski’s position is unpaid.

“We are looking at a period of mass incarceration when many, many people are coming out of the criminal justice system,” says Fortune Society CEO JoAnne Page. “In this country, we have 5% of the global population but 25% of the prison population. And when people come home, they can either come home as a deficit to their community or a resource. What our job is at Fortune is to bring people home as people who contribute to their families and their community. Dennis is putting his skill set and life experience to work to help make that happen.”

In 2005 Kozlowski was convicted of grand larceny, conspiracy and securities fraud for siphoning nearly $100 million from the U.S. security-solutions company he headed and was sentenced to 8 1/3 to 25 years in prison. He became inmate No. 05A4820 in the Mid-State Correctional Facility in the small town of Marcy in upstate New York. Among the prison population with Kozlowski was Alan Hevesi, the former New York State Comptroller convicted of taking bribes, and Ja Rule, a rapper found guilty of gun and drug possession who reportedly became friends with Kozlowski behind bars.

Kozlowski was considered one of the most notorious examples of corporate greed and accounting fraud in an era that locked up many CEOs, including WorldCom founder and chief executive Bernard Ebbers, Enron CEO Jeffrey Skilling and Adelphi Communications’ father-and-son executive team of John and Timothy Rigas. After living a lavish life on the corporate dole with a $16 million Fifth Avenue apartment, $3 million in renovations and $11 million in furnishings and that $6,000 gold-and-burgundy shower curtain, all reportedly paid for by Tyco, Kozlowski was splashed across The New York Post, with the headline “OINK, OINK.”

These days, he and his wife, Kimberly, live in a two-bedroom rental in Manhattan. And the man who was once the highest paid executive in the U.S. doesn’t like to discuss the old days and decisions he made that led to years behind bars. When he was up for parole, he struck a penitent note, telling the New York State parole panel, “It was greed, pure and simple.” In a subsequent interview with the New York Times, he also suggested that he was treated harshly while the bankers who caused the 2007-2009 market meltdown never saw a day in prison.

Dennis and Kimberly Kozlowski Photograph by Tom Kane

Now, in response to question about the past, he told Fortune, “I just want to focus on the Fortune Society and next steps and moving forward.”

Kozlowski divides his time between the Fortune Society, which is volunteer work, and a year-old M&A advisory practice and consultancy he set up with former colleagues, called Harbourside Associates, to help companies evaluate takeover candidates or prepare for takeover and to provide business expertise for start-ups. While Tyco’s chief executive, Kozlowski was responsible for exponential growth through M&A, acquiring more than 1,000 companies in a decade.

At Fortune, he works with a 31-member board and spends time counseling, but also providing business strategies to help the nonprofit meet its goals. As required by the nonprofit’s by-laws, more than half of the Fortune Society’s staff and at least a third of its board share with Kozlowski the experience of having been incarcerated, providing role models to those they serve.

“In prison, I was not a CEO; I was not a powerful person,” Kozlowski says today about his years behind bars. “I was an inmate just like every other inmate there. You’re all in the same boat and you’re in there for a lot of years. There’s no pecking order or organization chart; it’s not a question of who’s wealthy and who isn’t. You all live in the same kind of cells, sleep in the same kind of beds, eat the same kind of food, do the same kind of chores. It’s all the same and it’s all the same for many many years. Nobody even necessarily knew who I was or what I did.

“Coming out I felt at sea like other people getting out,” he explains. “I had friends and family, but I still had to go through a lot of the same adjustments to life outside of prison after so many years away. I had never even seen an iPhone before when I got out.”

Page says transitioning from prison is difficult for many. “People emerge from prison with what we call the prison face, looking tough and looking angry because that’s how they survived,” Page says. “At Fortune Society, we understand that there’s a lot of fear under all that anger and we’re not turned off by that. What Dennis brings to the organization is his own understanding of what people coming out are going through as well as a profound depth of business experience that can really help Fortune navigate through the current pretty challenging environment for nonprofits.”

Pat Wechsler is a New York-based freelance writer and editor.

About the Author
By Pat Wechsler
See full bioRight Arrow Button Icon

Latest in Features

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Features

Anduril CEO Brian Schimpf
MagazineDefense
Inside Anduril: Meet the quiet engineer-CEO building America’s $31 billion weapons startup
By Allie GarfinkleMay 6, 2026
11 days ago
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
MagazineData centers
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
By Sharon GoldmanMay 6, 2026
11 days ago
The American Express CEO defied haters who said he’d never have the top job—winning with millennials and Gen Z and trouncing the competition
MagazineAmerican Express
The American Express CEO defied haters who said he’d never have the top job—winning with millennials and Gen Z and trouncing the competition
By Shawn TullyMay 6, 2026
11 days ago
Photo of Marc Benioff
Magazinecommunication
Salesforce CEO Marc Benioff turned his earnings call into a vodcast. Why other Fortune 500 CEOs might follow
By Rachel VentrescaMay 6, 2026
11 days ago
Intel Chief Exec, Lip-Bu Tan, on stage
EuropeIntel
Intel’s share price just blew the doors off. One man thinks he knows the reason why
By Kamal AhmedApril 27, 2026
20 days ago
Who owns ideas in the AI age?
MagazinePublishing
Who owns ideas in the AI age?
By Francesca CassidyApril 8, 2026
1 month ago

Most Popular

Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
AI
Microsoft AI chief gives it 18 months—for all white-collar work to be automated by AI
By Jake AngeloMay 16, 2026
18 hours ago
Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 
Politics
Former top Russian official admits the country is over Putin and can 'imagine a future without him' — even elites bail as Kremlin seizes their assets 
By Jason MaMay 16, 2026
8 hours ago
Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis
Future of Work
Meet the 20-year-old CEO who launched a company in high school to solve Gen Z's entry-level job crisis
By Jake AngeloMay 16, 2026
21 hours ago
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
Politics
The Bezos family just donated $100 million to help achieve one of Mayor Zohran Mamdani’s top campaign promises
By Jake AngeloMay 12, 2026
4 days ago
Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
Success
Despite having a $165 million net worth, Scarlett Johansson says work-life balance doesn’t exist—and the first step to success is admitting that
By Preston ForeMay 13, 2026
4 days ago
‘You’re not a hero, you’re a liability’: Shark Tank’s Kevin O’Leary warns Gen Z founders to stop glorifying hustle culture
Future of Work
‘You’re not a hero, you’re a liability’: Shark Tank’s Kevin O’Leary warns Gen Z founders to stop glorifying hustle culture
By Jacqueline MunisMay 16, 2026
18 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.