| By Maureen O'Gara |
Article Rating: |
|
| August 6, 2004 12:00 AM EDT |
Reads: |
14,556 |
Computer Associates' ousted CEO Sanjay Kumar, expected to be indicted by the government for cooking the company's books, has been forced to return $7.56 million in restricted stock, roughly half his position in company, according to papers CA filed with the SEC.
The company has also stopped payment on a million-dollar bonus it owes Kumar until after the government's investigation is over.
Meanwhile, Kumar has been named in a suit to recover in excess of a billion dollars paid to the company's top management team that was filed by Sam Wily, the guy who tried to get them forced out the company a couple, few years ago.
Wily sold his company to CA for stock whose value has been debased by its accounting scandal.
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.
Subscribe to JAVA Developer's Journal Email News Alerts
Subscribe via RSS
