Submission + - CA founder still free; former CEO still in prison (computerworld.com)
jcatcw writes: Charles Wang, the founder of CA Inc., is not in prison, but Sanjay Kumar, the former CEO, is serving a 12-year term for fraud, and Don Tennant, editorial director of Computerworld and InfoWorld, is mad as heck about it. The fraud is described by CA itself as "a massive accounting fraud perpetrated by the company's senior-most executives from as far back as the late 1980s through 2001, and their cover-up of that fraud, which lasted through mid-2004."
As Tennant said in his Dear Charles letter at the time of Kumar's sentencing: "This isn't right. Sanjay is guilty of some devastatingly poor judgment, but you're the one who shot the illegal performance- enhancing drugs into CA. The Special Litigation Committee of CA's board of directors said it has found that 'fraud pervaded the entire CA organization at every level and was embedded in CA's culture, as instilled by Mr. Wang, almost from the company's inception.' Your fingerprints are on the needle, Charles."