Before their convictions, former Tyco (TYC) executives Dennis Kozlowski and Mark Swartz were known for reaping multimillion-dollar corporate salaries.
Within weeks, they’ll have to get used to earning $1.05 a day in a maximum-security state prison.
“They will be assigned a job, and that’s what they’ll earn,” said Linda Foglia, a spokeswoman for the New York State Department of Correctional Services.
“Every prisoner must work, in the laundry, in the kitchen or somewhere else.”
Lawyers for Kozlowski and Swartz hope to avoid that outcome for at least a while by seeking bail pending appeals of their clients’ convictions.
They have a low chance of succeeding, because New York appeals courts generally “are less willing to let individuals stay out,” said Ronald Blum, a former Manhattan prosecutor who is now a partner at the law firm Manatt Phelps & Phillips.
Unless defense lawyers prevail, the former executives would be transferred within 10 days from city custody — where they were to spend Monday night — to the state correction system.