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Sanjay Kumar

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BUSINESS
June 30, 2005 | From Bloomberg News
Sanjay Kumar, Computer Associates International Inc.'s former chief executive, paid $3.7 million in 2003 to buy the silence of a businessman who threatened to report an improper transaction, a new indictment alleges. Kumar authorized the "consulting agreement" after company executives met the unidentified businessman in Hawaii, a meeting that took place while federal authorities were investigating the company, according to an indictment filed in Brooklyn, N.Y.
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BUSINESS
June 30, 2005 | From Bloomberg News
Sanjay Kumar, Computer Associates International Inc.'s former chief executive, paid $3.7 million in 2003 to buy the silence of a businessman who threatened to report an improper transaction, a new indictment alleges. Kumar authorized the "consulting agreement" after company executives met the unidentified businessman in Hawaii, a meeting that took place while federal authorities were investigating the company, according to an indictment filed in Brooklyn, N.Y.
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BUSINESS
June 5, 2004
* Computer Associates International Inc. said former Chief Executive Sanjay Kumar cut ties with the company to help resolve a $2.2-billion accounting fraud probe. * Midway Games Inc. said Chairman Neil Nicastro would quit for "personal and professional reasons." * UAL Corp.'s United Airlines said it would not be ready to emerge from bankruptcy protection this summer because of doubts about its financing.
BUSINESS
June 4, 1996 | Times Staff and Wire Reports
Prosecutors Ask Judge to Reconsider Keating Reversal: State attorneys urged a federal judge to reverse his decision overturning the conviction of Lincoln Savings boss Charles Keating Jr. on 17 swindling charges. California Deputy Atty. Gen. Sanjay Kumar said the federal courts had no jurisdiction over the case because Keating's attorneys had not exhausted their appeal options in state court. U.S. District Judge John G. Davies said he would consider the argument and issue a ruling later.
BUSINESS
September 24, 2004 | From Reuters
Former Computer Associates International Inc. Chief Executive Sanjay Kumar pleaded not guilty to charges of securities fraud and obstruction of justice after a two-year investigation into accounting fraud at the company. Kumar's arraignment in U.S. District Court in New York came a day after the company agreed to pay $225 million to shareholders to settle charges it improperly booked $2.2 billion in revenue. The company's shares rose $1.57, or 6.2%, to $26.87 on the New York Stock Exchange.
BUSINESS
June 27, 2001 | Bloomberg News
Computer Associates International Inc. added two board members as the software maker defends against entrepreneur Sam Wyly's attempt to seize control. Linus Cheung, 52, deputy chairman of Hong Kong's Pacific Century CyberWorks Ltd., and Lewis Ranieri, 54, who pioneered trading in mortgage-backed securities at Salomon Brothers Inc., joined the board, raising it to 10 members, the company said.
BUSINESS
November 3, 2004 | From Bloomberg News
Two former vice presidents at Computer Associates International Inc. agreed to pay fines to regulators and return bonuses they received for their part in a $2.2-billion accounting fraud at the Islandia, N.Y.-based company. David Kaplan will repay $128,770 in so-called ill-gotten gains and a $100,000 fine, according to a Securities and Exchange Commission filing. David Rivard will disgorge $83,700 and pay a $75,000 penalty. Both men are barred from serving as officers of public companies.
BUSINESS
October 26, 2000 | Bloomberg News
Computer Associates International Inc., the No. 4 U.S. software maker, said it will let customers pick the price and length of software licenses as the company changes its business model. Contracts may be shorter, and discounts will be determined by the length and value of the agreement, Chief Executive Sanjay Kumar said. The company wants to spread its income over months, rather than record sales after a contract is signed and software delivered.
BUSINESS
August 17, 2001 | Associated Press
Financier Sam Wyly's Ranger Governance Ltd. has scaled back its strategy for taking over software company Computer Associates International Inc. amid strong opposition. Ranger said it would nominate a minority slate of just four directors and drop Wyly as a candidate in the Aug. 29 shareholder election. The upstart bidder also said it would seek to remove CA Chairman Charles Wang but wouldn't challenge the board seat of Chief Executive Sanjay Kumar. Islandia, N.Y.
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