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.'"
Having run into CA's products off and on over the years I've always wondered how the hell they stayed in business...
-1, Offtopic.
He's not going to make it to the White Castle after all...
Is there heaven? Is there Hell? Is that a Tuna Melt I smell?-Primus
When in doubt, head to Wikipedia
Disclaimer: Any errors in spelling, tact or fact are transmission errors.
CA = Computer Associates for those who are WTFing.
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.
There is a code glitch to the best of my knowledge. I got mod points a couple days ago and I used three of them before they were due to expire, and it it four days after the fact and I still have the ones that I haven't used.
"So what's the problem, do people just not care anymore, or is it an issue with the moderating system?"
It's an issue with the moderating system (which was put together by Diebold).
Maybe the cops busted you for whatever it is you're drinking. ;)
Kumar's phone. Kumar speaking.
Hey, what's up? It's me. What are you doing?
Nothing important. I can talk. What's going on?
Listen, I can't party tonight, okay? I gotta stay late at the prosecutor's office.
Dude, fuck that shit. We had plans.
I know, but I got a lot of work to do drawing up your sentence for securities fraud.
When has getting high ever prevented you from doing your work?
Jesus!
I got a quarter of the finest herb in New York City. I'm not smoking that shit alone, okay? So you need to just chill the fuck out and prepare to get blazed, because in the next couple of hours, I expect both of us to be blitzed out of our skulls, got it?
All right, I got it.
I'll talk to you later, some guy with handcuffs is at the door.
Thanks to the War on Drugs, it's easier to buy meth than it is to buy cold medicine!
CA is the name of this software company. It was known as Computer Associates, Intl. about a year ago.
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.
- Despite popular opinion, I am not perfect.