Former CA Boss Gets 12 Years, $8M Fine 150
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.'"
Heh, I knew it! (Score:4, Informative)
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CA is a sales organization, plain and simple. Acquire, fire, sell, sell, sell, drop. They couldn't develop a coat rack if their lives depended on it.
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I've only used one CA product that I know of, CA Realizer. Realizer was a BASIC IDE/Compiler for Win16 and OS/2 that in my opinion blew the doors off of MS Visual Basic for Windows.
Part of this was probably due to the fact that I'm an old school BASIC programmer (TRS-80 Model I Level II, Commodore 64/128, AmigaBASIC, GWBasic, QuickBasic, MS Professional Development System 7, etc.) About the
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With that said - I am curious how you deal/cope with people who verbally attack, etc - BASIC programmers and users, the language and such? For myself, I defend when needed, and ignore when absurd.
I personally love BASIC, and in my career I can't seem to leave it (currently I work for a company doing old-school ASP work, for example). At home, I have mainly moved on the Perl, PHP, and Python. While I know C/C++, I
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I wonder how well it would work under such a setup as depicted by that link? It is something I have wanted to try for a while (I am not sure it would work, though - I made heavy use of direct VGA hardware access to get the library to do what it di
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In the late 1980's I worked for a UK Blue Chip company that had a semi-official 'No CA' policy. Indeed when CA took over Clipper (a dBase III clone) which they used for most desktop development at that point they immediatly decided that there wou
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A very good marketing team who knows that targeting managers and executives is far more important than targeting techs.
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They just but up smaller but undercapitalised companies with a locked in user base
and made thier products profitable by hiking up the license fees and dropping all
product development.
This was a paticular headache in the ye olde worlde mainframe worlde.
There was this nice little security product called TopSecret which was aquired by
CA. After a year or two of price hikes and no support the client site I was working
at decided to s
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People often misunderstand what CA does.
They provide maintenance services for dead product lines that have existing service and support contracts for their production systems. When the product line is killed, the existing contracts still have to be honoured. CA buys those service contracts as a product-line bundle.
It's not a glamorous business, and of course the products in question don't get new features and major enhancements. They're already on life-cycle support.
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They also don't get working bug fixes or useful product support.
By the time a product gets to CA, it's not on life-cycle support. It's already dead, it's just running around like the proverbial decapitated poultry.
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I'm rather familiar with Ingres 6.3 circa 1988-90.
Sybase won, Ingres lost. Ingres was the better core, technically, but Sybase was marketted better.
I'm not seeing the story (Score:2)
Seriously, what's so interesting about this story? Was it a famous company? Sure he got a lot of money in fraud, but is that in and of itself really that interesting?
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Because the wrong people got screwed (Score:2)
In all likelihood, there were some very influential people that were aware of their shenanigans, but got blindsided by the downfall.
These people expect prior notice so they can quietly withdraw their funds and leave the little guy to get the shaft. The game is carefully orchestrated and - if you don't play by the rules - you get 12 years in the pokey.
The uber rich do not lose money on theirinvestments. If they do, heads roll!
Other Players (Score:2)
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"life in prison would have been to harsh, let's give him 12 years instead".
Whoa, that kind of thing would have never happened to, say a petty thief that stole some food to feed his family (instead of, I don't know, robbing somebody at knife-point or worse), now would it ?
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And mine is in the signature, and it's short too
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Anyone feel like posting a link to the backstory? (Score:1)
With gigs of flash on top??
Re:Anyone feel like posting a link to the backstor (Score:2, Informative)
I guess... (Score:4, Funny)
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WTF do you mean CA boss? (Score:1)
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Not a good little consumer, am I?
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Ingres, that sounds kinda familiar. In fact my very first paying job was a contract back in 1985 to get Ingres compiled and running on a Vax. Somehow I've never managed to cross paths with CA directly, though I think a relative might work for a company that got pwned by them.
Thanks for the heads-up; I'll make a note to grind my teeth and hate CA occasionally in order to maintain my nerd cred.
CA = Computer Associates (Score:4, Informative)
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(we could play this game all day on Slashdot)
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Have I left anything to continue the chain?
Re:unlawful carnal knowledge (Score:1)
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Steal a thousand dollars, it's your problem.
Steal a million dollars and it's the bank's problem.
With massive financial crime, the victims are usually so faceless that even judges have trouble seeing the pain it causes. When you defraud just one grandmother out of her life savings, they have no such problems, although it's basically the same thing.
RIP republic, Hello fascism (Score:1, Interesting)
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.
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Bullshit (Score:2)
WorldCom's Bernie Ebbers isn't white? Ken Lay (Take off your tin foil hat, he's dead.) et al are not white? Former Tyoc CFO Mark Swartz isn't white? He's doing 8 and a half. Going way, way back, Robert Vesco is sort of white-ish. Terrence D. Chalk of CEO of Compulinx (see the Slashdot story yesterday) is white... Read the papers, and listen to the evening news, lot's of white guys are going to jail.
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Qui Bono?
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It's modded as flamebait because this is the only nonwhite CEO that's been busted for majorly bullshit activities like this in a long time. Read around this thread, you can see numerous examples of people being busted for the same kind of stuff and they're all white.
If it had been sa
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Yeah, it's a troll, but it's a decent troll, so I'm gonna respond anyway. Aside from the fact that using the term "frat party" in association with Clinton rather than Bush is the height of irony, you also act like i
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So what? If their crimes hadn't come to light, then how was anyone supposed to do anything? Bush didn't do a damn thing to speed up the process of Enron's downfall. If anything, Lay's friends in his administration may have helped them to g
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It's one thing to say that Bush wasn't to blame for the scandals; that much I can go with. It's quite another thing to then turn and blame Clinton for them. It was no more his fault than Bush's. He didn't act for the same reason that Bush didn't
Pedantry follows... (Score:1)
Feel free to mod this into oblivion.
--
Toro
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And the phrase "could have," which you claim is clarification, is what muddies the meaning of
I'm not seeing how... (Score:1)
Although letting some of his former employees get 20 unsupervised minutes alone with him would serve the same purpose... even better, when they're done with him, we wouldn't have to spend tax dollars to feed him.
"CA"? Show some goddamn courtesy (Score:2)
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ouch.. long time! (Score:1)
Breaking: Transcript of CA Exec phone call Nov 1st (Score:3, Funny)
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.
Cow-mercialism (Score:1, Funny)
In Other News... (Score:2)
He should have gone to prison for Arcserve. (Score:1)
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What I don't get is (Score:2)
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What's the delay? (Score:2)
Its more sporting to give him four months to get to the mexico and then a plane to India. He is white-collar after all...
12 years is unreasonable? (Score:2)
Clearly the judge has never installed ARCserve...
12 years of 35-day months? please? (Score:2)
and don't start the clock until a 35-day month is reached
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It's an issue with the moderating system (which was put together by Diebold).
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Maybe someone should do an "ask slashdot" story for that one!
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What's the secret? (Score:2)
Do you meta-moderate? How often do you visit Slashdot per day? Please tell us your secret to unlimited mod points.
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You're right about the moderating.
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Re:A few things you should know about Sanjay Kumar (Score:2)
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http://www.newsday.com/business/ny-bzwang304953267 oct30,0,5725636.story?coll=ny-business-print [newsday.com]
It appears that he and Kumar had differences in opinion, which led to Wang being drawn out of the company and a separation in their business relationships.
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