-----Original Message----- From: IBM Mainframe Discussion List [mailto:[EMAIL PROTECTED] On Behalf Of Phil Payne Sent: Thursday, November 02, 2006 12:58 PM To: IBM-MAIN@BAMA.UA.EDU Subject: CA CEO in the slammer
Well, not yet. Many a slip twixt cup and lip: http://money.cnn.com/2006/11/02/news/newsmakers/kumar.reut/ NEW YORK (Reuters) -- Sanjay Kumar, the former chief executive of CA, was sentenced to 12 years in federal prison Thursday for his role in a $2.2 billion accounting fraud at the computer software company. <snip> "His attorneys described him as one of the "great minds" of the software industry who turned Computer Associates into a thriving enterprise." Between he and Charlie, you would have been just as well off if you had taken your money and put it into CDs as to have invested it in CA. Words to that effect were used in at least two class actions suits (current ones) against CA for defrauding investors and employees (who took part in the different investment plans at CA). Too bad AP didn't do a bit more homework. Later, Steve Thompson ---------------------------------------------------------------------- For IBM-MAIN subscribe / signoff / archive access instructions, send email to [EMAIL PROTECTED] with the message: GET IBM-MAIN INFO Search the archives at http://bama.ua.edu/archives/ibm-main.html
