Former CA Boss Gets 12 Years, $8M Fine

mwnyc writes "The BBC is reporting on the sentence issued today to former CA boss Sanjay Kumar, who had pleaded guilty to charges including conspiracy and securities fraud. Mr. Kumar is expected to begin serving time in February 2007. Under federal sentencing guidelines, Kumar could have faced life in prison but the judge called that punishment 'unreasonable.'"

Comments

Where have all the mods gone?

[Anonymous Coward]

I know this is completely off-topic, but i've been noticing a major lack of moderation of comments over the past few days. Not a single story on the front page has more than 5 comments rated +5, and only a few more rated +3 or +4. And there are trolls which arent being modded down, when usually mods jump at the chance to lower someone else's karma!

So what's the problem, do people just not care anymore, or is it an issue with the moderating system? I'm not sure if this is related, but I still have 1 mod point that supposedly expires on October 28th. Does anyone else have expired mod points they can still use?

A concerned /.er (anonymous for obvious reasons)

Re:I'm not seeing the story

[Anonymous Coward]

Clearly he should be sent to jail, but 12 years sounds like a lot of time, even if gets shortened for parole. This man cheated to make the quarterly numbers and lied to cover it up, but it doesn't sound like a totally corrupt, pulling the wool over investor's eyes like what occurred at Enron for instance.

RIP republic, Hello fascism

[Jelloman]

Here's an analogy to express my feelings on this: I'm drinking in a bar. Outside, people are walking the streets, beers in hand. I walk outside and the cops bust me for breaking the city's open container law, while hundreds of people mill around me with drinks. A little selective enforcement. Did I do something wrong?

We have an overwhelming culture of corruption in this country, at the pinnacle of which are the directors and executives of major corporations. We let these guys get away with anything. SEC investigation is a joke. If Kumar was white, he would've walked. Instead, he gets thrown under the bus. Compared to the thievery and murder that the W mafia is carrying out in the name of the American people, overstating revenue is like jaywalking. Stealing from the ultrarich is what he's being punished for, but mostly it's just a token corporate prosecution.

The whole thing disgusts me. Ken Lay's family is drinking champagne and eating caviar, probably with Ken himself (anyone who believes he's really dead is an idiot), bought with the money Enron stole from me, my fellow Californians, the taxpayers of America, their employees, and countless others.

Re:I'm not seeing the story

[spookymonster]

In 1995, Computer Associates (now known as CA) bought up nearly every third party MVS (IBM's mainframe OS) application. In the industry, it was seen as the death knell of the mainframe; it reduced the choice of software vendors down to 2 monolithic companies. On the one side, you had IBM with their over-complicated software (a study once found that the average IBM manual read at the post-grad level) selling at loss-leader prices. On the other side, you had CA buying up their competitors, then announcing those products were being twilighted in favor of their own 'best-of-breed' (read: 'largest profit margin') software.