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If two Square 
 Matrices A and B are simultaneously upper
triangularizable by similarity transforms, then there is an ordering 
, ..., 
 of the
Eigenvalues of A and 
, ..., 
 of the Eigenvalues of B so that,
given any Polynomial 
 in noncommuting variables, the Eigenvalues of 
 are the
numbers 
 with 
, ..., 
. McCoy's theorem states the converse: If every Polynomial exhibits the
correct Eigenvalues in a consistent ordering, then A and B are simultaneously
triangularizable.
References
Luchins, E. H. and McLoughlin, M. A.  ``In Memoriam: Olga Taussky-Todd.''  Not. Amer. Math. Soc. 43, 838-847, 1996.