Computer Associates fires nine employees
By siliconindia staff writer   |   Tuesday, 20 April 2004, 19:30 IST
Printer Print Email Email
NEW YORK: Computer Associates International Inc., mired in a long-running federal criminal probe into its accounting, on Monday said it fired nine employees as a result of an internal investigation into its bookkeeping. The software maker dismissed four employees in its legal department and five in its finance department, effective immediately. Four former senior finance executives, including its former Chief Financial Officer Ira Zar, pleaded guilty to three criminal charges including securities fraud earlier this year. Computer Associates fired its general counsel, Steven Woghin, this month after the SEC said Woghin had instructed a former finance executive to answer questions from an outside law firm with half-truths and vague answers. "This is a step in the right direction - investors will view it positively," Trip Chowdhry, an analyst at FTN Midwest Research, said of Monday's announcement. Chairman and Chief Executive Officer Sanjay Kumar said in a statement the management team is focusing on business at hand as it has in the past months. Kumar, who has not been charged with any wrongdoings, served as president during 2000 when the company booked $1.4 billion in sales early.

siliconindia