Highlights
Former CA Inc. chairman and chief executive Sanjay Kumar in 2007 received a 12-year sentence to jail and restitution payments following his guilty plea to federal securities fraud, obstruction of justice and conspiracy charges that Kumar agreed to in connection with the $2.2-billion accounting scandal at CA.
Former CA Inc. chairman and chief executive Sanjay Kumar in 2007 received a 12-year sentence to jail and restitution payments following his guilty plea to federal securities fraud, obstruction of justice and conspiracy charges that Kumar agreed to in connection with the $2.2-billion accounting scandal at CA.
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Charles Wang regrets buying Islanders
jim.baumbach@newsday.comFrustrated with the pace of his Lighthouse Project and sick of sinking more than $20 million a year to keep the Islanders afloat, Charles Wang has a case of buyer's remorse nine years after purchasing Long Island's hockey team. "If I had the chance,"...Tags: Long Island, NHL, Computer Associates, Nassau Coliseum, Charles Wang
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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: Elections, Corporate Officers, Consumer Electronics Industry, Shareholders, Interior Policy
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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: Computer Associates, Corporate Crime, Prisons, Punishment, Court Administration
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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: Lawyers, Court Preliminary, Corporate Crime, Trials, Court Administration
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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: Lawyers, Long Island, Corporate Crime, WorldCom Incorporated, FBI
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Wang fully transforms from software giant to real estate developer
Staff WriterEven before he retired as chairman of Computer Associates International Inc. in November of 2002, Charles Wang's designs in real-estate empire building had begun to take shape. Wang, a self-made billionaire who co-founded CA more than a quarter century...Tags: New York Islanders, Long Island, Computer Associates, Corporate Crime, Nassau Coliseum
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Donated supplies too cumbersome and costly to ship, say embassy officials and relief organizations
STAFF WRITER, Staff writers Emi Endo, Jamie Herzlich and Lauren Weber contributed to this story.To those compelled to do something to help victims of Sunday's earthquake and tsunami, government and relief agency officials have a simple message: Send money. Medicine, food and water are sorely needed in each of the devastated countries, but getting...Tags: New York, Relief and Aid Organizations, Corporate Crime, Symbol Technologies, Inc., Disasters
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4. Computer Associates International Inc.
One Computer Associates Plaza, Islandia, 11749 631-342-5224 www.ca.com Revenue: $3.5 billion Profit: $82 million Stock: CA (NYSE) Industry: Computer software CEO: John Swainson Employees: 15,300; local, 2,200 For Computer Associates International...Tags: Software Industry, International Business Machines Corporation, Computer Associates, Corporate Crime, New York Stock Exchange
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A partly sunny outlook, and caution's the word
STAFF WRITERFor some of Long Island's largest publicly traded companies, 2005 is a year of recovery after several years of corporate hell -- federal investigations, staff reductions and accounting irregularities. For the Island's economy as a whole, 2005 is a year...Tags: Intelli-Check Incorporated, Money and Monetary Policy, Long Island, Hofstra University, Henry Schein, Inc.
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A partly sunny outlook, and caution is the word
STAFF WRITERFor some of Long Island's largest publicly traded companies, 2005 is a year of recovery after several years of corporate hell - federal investigations, staff reductions and accounting irregularities. For the Island's economy as a whole, 2005 is a year of...Tags: Intelli-Check Incorporated, Long Island, Health and Safety at School, Corporations, Arrow Electronics
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Kumar, Richards plead not guilty
Staff WriterThe fortunes of Computer Associates International Inc. and its former top executives took divergent turns Thursday, as former chairman Sanjay Kumar pleaded not guilty to criminal charges while the company's stock shares surged. Kumar, 42, dressed in a...Tags: Lawyers, Securities, Long Island, Corporate Crime, Trials
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A deferred agreement
It was written by HARRINGTON.Federal prosecutors in Washington and Brooklyn today are expected to announce a breakthrough settlement with Computer Associates and a plea agreement with its former top internal lawyer to criminal charges, according to people familiar with the matter....Tags: Lawyers, Court Preliminary, Securities, Criminal Laws, National Government
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