Java IoT Authors: Elizabeth White, Carmen Gonzalez, Liz McMillan, Sematext Blog, Yeshim Deniz

Related Topics: Linux Containers

Linux Containers: Article

Kumar Dumped as CA CEO & Chairman

Kumar Dumped as CA CEO & Chairman

Computer Associates chairman and CEO Sanjay Kumar fell this morning to the spiraling accounting scandal engulfing the company after the board met yesterday to consider what to do about him. Kumar has also stepped down from the board.

CA has not made a clean break with Kumar and declined to explain why. He has been named Bill Gates-like to a new post as chief software architect, suggesting that maybe he's merely being shelved in case he survives the government's investigation of the CA's cooked books unscathed.

CA could not explain what a chief software architect really does or what would recommend Kumar for the job.

The company says it will appoint an interim CEO and start searching immediately for a new one both internally and externally.

Of course, it would be impossible to hire a new CEO if the old one is waiting in the wings ready to make a comeback as soon as the sky clears so maybe the new job is just a way to ease Kumar out without making it look like it's for cause.

One would think the heir presumptive is CA's new CFO Jeff Clarke, who, as Compaq's CFO, successfully handled Compaq's integration with HP from the Compaq side. He's completely unassociated with the regime responsible for the scandal.

Independent CA director Lewis Ranieri, the founder of Hyperion Partners LP, has stepped in as chairman.

On Monday morning after the New York Times ignited speculation that the CA board was about to kick Kumar out, the company fired nine people who it refused to identify who it said were caught in the dragnet launched last year by the board's audit committee to look into the company's shoddy accounting practices.

CA also said Monday that it had answered the Well Notice it got from the SEC in mid-January saying it might be taken to court for its sins. It's unclear whether the company met the deadline for a response.

The audit committee's investigation has so far cost five senior CA executives including its CFO and general counsel their jobs and reputations, maybe even their freedom.

In a statement released this morning CA said it was reviewing its actions with the Justice Department and SEC suggesting that it might be offering them Kumar's head as well as the others' to avoid a court trial.

Those terminated Monday were described only as four people from CA's legal department and five people from its finance department.

Eight of the people worked at company headquarters in Islandia, Long Island; one was based in Atlanta. And rumor has it that two other people resigned.

CA refused to explain why it had taken so long to implicate these nine underlings unless the idea was to sacrifice them to distract attention from Kumar, who is widely believed to have been a party to the fraud, if not an instigator.

Neither the government nor the audit committee has charged Kumar with anything, but testimony given by ex-CFO Ira Zar, who reported to Kumar, is believed to have implicated him as the shadowy "Executive A" Zar is supposed to have conferred with about revenue recognition.

Anyhow, CA has a reputation for being an autocracy, where acting on one's own initiative would be unthinkable, making Kumar's protestations of innocence suspect.

The twin government probes are now believed to be targeting him and other senior managers as well as retired company founder Charles Wang.

If, as he claims, Kumar honestly didn't know that his subordinates were cooking the books, then he's an overpaid incompetent. Either way, fool or scoundrel, his position was untenable and most of Wall Street thought he was doomed or should be.

In explaining its actions, CA's board said in a canned statement this morning that "The changes in Sanjay's role are not based on the conclusion that he engaged in any wrongdoing. Nonetheless, the conduct in question occurred during his tenure and the board felt this action was appropriate."

The company said Monday that the audit committee was nearing the end of its probe. The committee is supposed to say whether, in its opinion, CA should restate financial periods beyond fiscal 2000, when the committee has already admitted the company illegally recognized some $1.6 billion in revenues.

In a statement the company released Monday Kumar said CA is drawing on staff from other areas and from its international subsidiaries to pick up the slack created by the terminations.

There is further speculation that authorities could light out after directors who served on CA's board when the manipulation shenanigans were going on.

They would include Dick Grasso, former head of the New York Stock Exchange, who's already in hot water with New York's reform-minded Attorney General Eliot Spitzer for excessive pay.

CA expects to releases its four-quarter results on May 12.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025. Twitter: @MaureenOGara

Comments (2) View Comments

Share your thoughts on this story.

Add your comment
You must be signed in to add a comment. Sign-in | Register

In accordance with our Comment Policy, we encourage comments that are on topic, relevant and to-the-point. We will remove comments that include profanity, personal attacks, racial slurs, threats of violence, or other inappropriate material that violates our Terms and Conditions, and will block users who make repeated violations. We ask all readers to expect diversity of opinion and to treat one another with dignity and respect.

Most Recent Comments
TheStreet.com 04/21/04 12:46:35 PM EDT

says: Investors, evidently glad the company was taking action before the government, bid CA's stock up 84 cents, or 3.4%, to $26.41 at midday.

Financial Times 04/21/04 12:45:12 PM EDT


In a statement, Louis Ranieri, who took over as chairman on Wednesday, said that the decision to strip Mr Kumar of his responsibilities was "not based on the conclusion that he engaged in any wrongdoing." He added, thought, that "the conduct in question occurred during his tenure, and the board felt this action was appropriate."

@ThingsExpo Stories
Established in 1998, Calsoft is a leading software product engineering Services Company specializing in Storage, Networking, Virtualization and Cloud business verticals. Calsoft provides End-to-End Product Development, Quality Assurance Sustenance, Solution Engineering and Professional Services expertise to assist customers in achieving their product development and business goals. The company's deep domain knowledge of Storage, Virtualization, Networking and Cloud verticals helps in delivering ...
The Internet of Things (IoT), in all its myriad manifestations, has great potential. Much of that potential comes from the evolving data management and analytic (DMA) technologies and processes that allow us to gain insight from all of the IoT data that can be generated and gathered. This potential may never be met as those data sets are tied to specific industry verticals and single markets, with no clear way to use IoT data and sensor analytics to fulfill the hype being given the IoT today.
SYS-CON Events announced today that Hitrons Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Hitrons Solutions Inc. is distributor in the North American market for unique products and services of small and medium-size businesses, including cloud services and solutions, SEO marketing platforms, and mobile applications.
OnProcess Technology has announced it will be a featured speaker at @ThingsExpo, taking place November 1 - 3, 2016, in Santa Clara, California. Dan Gettens, OnProcess’ Chief Analytics Officer, will discuss how Internet of Things (IoT) data can be leveraged to predict product failures, improve uptime and slash costly inventory stock. @ThingsExpo is an annual gathering of IoT and cloud developers, practitioners and thought-leaders who exchange ideas and insights on topics ranging from Big Data in...
Intelligent machines are here. Robots, self-driving cars, drones, bots and many IoT devices are becoming smarter with Machine Learning. In her session at @ThingsExpo, Sudha Jamthe, CEO of IoTDisruptions.com, will discuss the next wave of business disruption at the junction of IoT and AI, impacting many industries and set to change our lives, work and world as we know it.
SYS-CON Events announced today that Enzu will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Enzu’s mission is to be the leading provider of enterprise cloud solutions worldwide. Enzu enables online businesses to use its IT infrastructure to their competitive advantage. By offering a suite of proven hosting and management services, Enzu wants companies to focus on the core of their online busine...
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
The Open Connectivity Foundation (OCF), sponsor of the IoTivity open source project, and AllSeen Alliance, which provides the AllJoyn® open source IoT framework, today announced that the two organizations’ boards have approved a merger under the OCF name and bylaws. This merger will advance interoperability between connected devices from both groups, enabling the full operating potential of IoT and representing a significant step towards a connected ecosystem.
November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Penta Security is a leading vendor for data security solutions, including its encryption solution, D’Amo. By using FPE technology, D’Amo allows for the implementation of encryption technology to sensitive data fields without modification to schema in the database environment. With businesses having their data become increasingly more complicated in their mission-critical applications (such as ERP, CRM, HRM), continued ...
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
SYS-CON Events announced today that Cloudbric, a leading website security provider, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Cloudbric is an elite full service website protection solution specifically designed for IT novices, entrepreneurs, and small and medium businesses. First launched in 2015, Cloudbric is based on the enterprise level Web Application Firewall by Penta Security Sys...
Smart Cities are here to stay, but for their promise to be delivered, the data they produce must not be put in new siloes. In his session at @ThingsExpo, Mathias Herberts, Co-founder and CTO of Cityzen Data, will deep dive into best practices that will ensure a successful smart city journey.
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, will discuss the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
SYS-CON Events announced today that MathFreeOn will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MathFreeOn is Software as a Service (SaaS) used in Engineering and Math education. Write scripts and solve math problems online. MathFreeOn provides online courses for beginners or amateurs who have difficulties in writing scripts. In accordance with various mathematical topics, there are more tha...
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, will draw together recent research and lessons learned from emerging and established ...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, will discuss how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team a...
Virgil consists of an open-source encryption library, which implements Cryptographic Message Syntax (CMS) and Elliptic Curve Integrated Encryption Scheme (ECIES) (including RSA schema), a Key Management API, and a cloud-based Key Management Service (Virgil Keys). The Virgil Keys Service consists of a public key service and a private key escrow service. 

The best way to leverage your Cloud Expo presence as a sponsor and exhibitor is to plan your news announcements around our events. The press covering Cloud Expo and @ThingsExpo will have access to these releases and will amplify your news announcements. More than two dozen Cloud companies either set deals at our shows or have announced their mergers and acquisitions at Cloud Expo. Product announcements during our show provide your company with the most reach through our targeted audiences.
@ThingsExpo has been named the Top 5 Most Influential Internet of Things Brand by Onalytica in the ‘The Internet of Things Landscape 2015: Top 100 Individuals and Brands.' Onalytica analyzed Twitter conversations around the #IoT debate to uncover the most influential brands and individuals driving the conversation. Onalytica captured data from 56,224 users. The PageRank based methodology they use to extract influencers on a particular topic (tweets mentioning #InternetofThings or #IoT in this ...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...