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Golden Wastebasket

Published Friday, November 01, 2002

You may have heard that there is gold in garbage. And there is, although it takes work to find it. Now, we have the golden wastebasket. It might not be golden, but it must be special to cost $2,200. According to a Securities and Exchange Commission (SEC) report, Dennis Kozlowski, the former CEO of Tyco who has been indicted for his alleged financial misdeeds at the company, spent $2,200 corporate dollars on a “gilt metal” wastebasket. That's right, a golden trash can. Most of us react to a $2,200 trash can with disbelief and maybe even laughter. We ...

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