Some members of
board of directors reportedly knew about some of the extravagant loans and pay given to top executives months before the board took steps to disclose them.
The board has said in the past that it was unaware of the pay and loans given to executives, but minutes of the board's compensation committee show otherwise, according to a report in
The New York Times
Meanwhile, a senior Tyco executive has told a Manhattan grand jury and the company's lawyers that a board member put pressure on her to try to get her to doctor the minutes of a compensation committee meeting, the
reported, citing executives and lawyers close to the situation. The board member denied the accusation, the
Legal experts said the minutes and the executive's testimony are likely to be used by former Tyco officials facing criminal and civil charges to rebut the conclusion of a company investigation that said "they concealed their conduct from the board and its relevant committees," the