NEW YORK -- Former Tyco International Ltd. top executives L. Dennis Kozlowski and Mark H. Swartz on Friday were convicted of multiple charges that they systematically looted millions of dollars from the company.

The jury of six men and six women, which deliberated for 11 days, found the two executives guilty of grand larceny, conspiracy, securities fraud and eight of nine counts of falsifying business records.

Mr. Kozlowski's trial is the latest of a series of high-profile cases involving white-collar executives. A prominent recent case involved former WorldCom Inc. CEO Bernard Ebbers, who was convicted last month of nine criminal counts in the accounting fraud at the telecom company. Former Tyco lawyer Mark Belnick was acquitted on charges of grand larceny, securities fraud and falsifying business records after testifying in his separate trial last year.

Mr. Kozlowski was called to the stand three months into his retrial. Among the spectators on hand was his wife, Karen, who was a regular presence at the first trial but has been a rare courtroom sight this time. Also appearing in the gallery was Ruth Jordan, the juror at the first trial who appeared to make a hand gesture favoring the defense, setting off the chain of events that led to the mistrial.

Bad news for the big corp execs with the Platinum card and no discretion.