Highlights
CA, formerly known as Computer Associates, is an Islandia-based maker of IT management software and solutions.
CA, formerly known as Computer Associates, is an Islandia-based maker of IT management software and solutions.
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Newsday former managers' probation seen as unusual
mark.harrington@newsday.comA federal judge's decision to limit nine former Newsday managers to fines and probation for the paper's circulation misdeeds - rather than jail time - was viewed as unusual, perhaps marking a shift away from a decade of stiff white-collar sentences....Tags: Court Preliminary, Prosecution, Prisons, Justice System, Fines
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Brothers in Jericho stock scam get 5 years in prison
anthony.destefano@newsday.comTwo brothers convicted of running stock scams that involved a publicly traded Jericho-based company got a break yesterday from a Brooklyn federal judge, who sentenced them to 5 years in prison instead of a possible maximum term of life. Lennox and Lester...Tags: Prisons, Corporate Crime, California, Consumers, Fraud
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Two CA directors not seeking re-election
emi.endo@newsday.comTwo directors who joined the board of business-software giant CA in 2002 after its accounting scandal broke are retiring and will not be replaced. Jay Lorsch and Walter Schuetze, both 75, will not seek re-election because of their age "in accordance with...Tags: Sanjay Kumar, Schools, Board of Directors, Political Candidates, Accounting and Auditing
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CA names O'Malley to head its prime mainframe unit
james.bernstein@newsday.comCA Inc., the Islandia-based software giant, said Friday it has named one of its veteran executives to head its prime mainframe business unit. The company formally known as Computer Associates named Chris O'Malley as executive vice president and general...Tags: Marketing, Long Island, National Government, Consumer Electronics Industry, Management Change
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Many companies locally and national involved in backdated stock options
james.bernstein@newsday.comCablevision Systems Corp. is hardly the only company on Long Island or elsewhere in the nation that has had to deal with the problems caused by backdating of stock options. The huge Bethpage-based cable and entertainment company, which announced a $34....Tags: Apple Inc., Long Island, Corporate Officers, Stock Options, Dowling College
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Sanjay Kumar's wife puts Upper Brookville estate on market
ellen.yan@newsday.comThe wife of imprisoned, former Computer Associates chief Sanjay Kumar is selling a 24-acre Upper Brookville estate that was once used by the Roman Catholic Church as the St. Francis Retreat House. Sylvia Kumar is asking $17 million for La Selva and put...Tags: Sanjay Kumar, Property, Charity, Sotheby's Holdings Incorporated, Roman Catholic
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As employee costs rise, CA buys helicopter
Newsday Staff WriterAs employees of the former Computer Associates prepare to greet the new year with increased costs for health and child care, executives are greeting it with a new helicopter. CA Inc. this week confirmed that the company, occasionally criticized for...Tags: Gulfstream, Employees
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Kumar gets 12 years in CA fraud case
Newsday Staff WritersSaying that Sanjay Kumar's initial rise to prominence because of his talent had been "the embodiment of the American dream," a judge Thursday sentenced the former Computer Associates chairman and chief executive to 12 years in prison for then allowing his...Tags: Prosecution, Prisons, Sanjay Kumar, Justice System, WorldCom Incorporated
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CA shareholders re-elect D'Amato
tom.incantalupo@newsday.comShareholders of CA Inc., the former Computer Associates, re-elected all 12 directors Wednesday, ignoring recommendations by two proxy advisory firms to withhold votes for former U.S. Sen. Alfonse D'Amato. At a generally low-key one-hour annual meeting...Tags: Sanjay Kumar, Shareholders, CEO Pay, Corporate Officers, International Business Machines Corporation
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Another sentencing in CA case
Newsday Staff WriterAcknowledging that a lengthy sentence would have an "extraordinary" harsh effect on former Computer Associates chief salesman Stephen Richards and his children, a federal judge nevertheless sentenced him yesterday to 7 years in prison, saying the...Tags: Court Preliminary, Court Administration, Prisons, Sanjay Kumar, Justice System
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Kumar gets two-month prison reprieve
jim.bernstein@newsday.comSanjay Kumar, former chief executive officer of Computer Associates who admitted to running a $2.2 billion accounting fraud at the Islandia-based software company, has won a two-month reprieve from starting his prison sentence. Kumar, 44, was supposed to...Tags: Court Administration, Prisons, Corporate Crime, Sanjay Kumar, Justice System
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Feb 13, 2007
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