Financial Accounting Blog

Tuesday, June 15, 2004

Computer Associates' Sanjay Kumar steps down. In a follow-up to the "How Executive Greed Cost Shareholders $675 Million" article presented in supplemental class readings from the chapter on stock options, this article notes that Sanjay Kumar [one of the three people who received the combined $1.1 Billion in stock] is leaving the company.
"It has become increasingly clear to me in the past few days that my continued role at CA is not helping the company's efforts to move forward," added Kumar in a statement.