CA's Kumar: Where's the bonus, baby?

CA's Kumar: Where's the bonus, baby?

Summary: Now that CA's Sanjay Kumar has copped a plea, can the shareholders get their bonus $$$ back?

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TOPICS: Tech Industry
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What's nastier than cooking your company's books? Taking over $1 billion on "performance bonuses" based on the financial barbecue you've just held.

That's what Sanjay Kumar and his gang did when they defrauded CA by inflating the company's revenues and then cashing in their bonuses based on those inflated numbers. Now that Sanjay has admitted fraud (see it here at http://news.zdnet.com/2100-3513_22-6064516.html), you gotta wonder: is he giving the bonus back? With interest, I hope. And don't even get me started on what was going on when his board approved such a bonus in the first place. And you institutional shareholders who voted those clowns in, what were you thinking too? 

Whatever happened to earing an honest day's living? Maybe a little time in stripes, and not the pinstripe variety, will help answer the question. It's about time....

Topic: Tech Industry

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  • put all these clown's in stripes

    Almost every CEO and top management at companies do these kind of ...
    Its only few that get caught.
    zzz1234567890