Former ca sales exec gets seven years in jail infoworld. Computer associates outgoing chief software architect. Computer associates adds sales chief and cio informationweek. Kumar said that board members lewis ranieri and alfonse damato, the former new york republican senator, had knowledge of the accounting misdeeds for which he. Save time and money with stateoftheart tax software from lewis software associates, llc in springdale, maryland. The company started with the introduction of our flagship product called maryland express that was utilized by many in the state of maryland for efiling their state tax returns for ty1999, ty2000 and ty2001. Texas investor sam wyly takes his fight for control of the software company to shareholders, telling investors that their liberation day is coming. Kumar was promoted to vice president of planning the following year, relocating to computer associates long island headquarters. Board member lewis ranieri has been elected chairman. The chairman and chief executive of computer associates has stepped down, as the software companys long running accounting.
Lewis ranieri, who has served as the boards lead independent director since 2002, has been elected chairman. Profile of lewis ranieri, trader at salomon brothers in 1980s who. The rise and fall of mortgage securitization uc berkeley sociology. Ca technologies infrastructure software products and. Lewis ranieri, father of the mortgagebacked security, explains how his frankenstein creation went so wrong and blew up the world. Ranieri served on the board of directors of computer associates now known as ca technologies, the 11th largest software company in the world, from 2001. Computer associates is near to filling general counsel post. Cas sanjay kumar stepping down as ceo computerworld. Ca said to appoint kenneth cron interim ceo infoworld. Computer associates desktop software guide, 50 pages, us0293en, 0000000701, revised 293 installation note, 006410070002 compuserver offer card, us0892en, 000000170002. Ranieri had responsibility for the firms activities in the mortgage, real estate and governmentguaranteed areas.
Former ca chairman sanjay kumar, from the prison cell where he is serving a. P the companys board will begin a search for a new chief executive immediately and. Computer associates is near to filling general counsel post software maker will wait on addressing ceo spot until after federal probe. Ranieri said computer associates will seek to retrieve money paid to former. About lewis software associates, llc lewis software associates, llc was founded in 1999 by n.
His first move was to send a strong signal to the companys 5,500 software programmers. Ca board member kenneth cron has been asked to be the companys interim chief executive officer ceo, according to articles friday in several publications. By clicking accept, you understand that we use cookies to improve your experience on our website. Since november 5, 2018, the company has been a subsidiary of broadcom inc. Computer associates chairman and ceo sanjay kumar will vacate those positions, the company. Lewis has joined forces with healthcarefirst the pioneer in webbased software, to now offer the most comprehensive and innovative solutions for the home care industry. Chairman and ceo sanjay kumar will vacate those two positions, the company said today, and will become chief software architect, a newly created post. The board of directors of software maker computer associates international inc. Exsoftware firm officials charged in securities fraud.
Since 1984, lewis has worked with home health care agencies of all sizes as a dedicated technology provider, delivering industryleading products including patron, patron poc, prompt 8, receivables master and more. Ceo ouster a positive step for computer associates thestreet. An outside monitor will track computer associates financial reporting and the new yorkbased firm will have to reorganise its finance department. Ranieri is the founder of investment firm hyperion partners. Computer associates on wednesday named george fischer as senior vp of north american sales and kevin kern as senior vp and cio. In selecting john swainson two years ago, says cas current chairman, lewis ranieri, the board wasnt. In an affidavit, he says that charles wang, lewis ranieri and. He joined the board of computer associates, also based on long island. Ranieri compared the work of turning computer associates around with his experience in mergers and acquisitions during the savings bank failures in the 1980s.
Computer associates chairman lewis ranieri called the agreements a critical step in closing this deeply troubling chapter in the companys history. Ca will soon name an interim ceo, the company said. He has run thrifts, homebuilders, boat builders and recently served on the board of software company computer associates, which he is credited with helping survive a scandal in its executive suite. Excomputer associates ceo sanjay kumar indicted fox news. Has computer associatesnew ceo solved its problems. Upon starting to serve his prison sentence, kumar alleged that charles wang, cofounder of computer associates, personally directed improper accounting there going back to 1987. A host of challenges at computer associates the new york. Board member lewis ranieri, promoted to chairman last week, said the board is now interviewing executive search firms.
The former head of worldwide sales at computer associates has been sentenced to seven years in jail after pleading guilty to financial fraud charges in april. Computer associates demoted its ceo sanjay kumar and met with federal prosecutors yesterday, trying to convince the government not to press charges against the long island software maker. Ranieri partners was founded by lewis ranieri, who has been called the godfather of mortgagebacked securities. Sanjay kumar, who stayed on as computer associates international inc. Computer associates antivirus free software downloads. Has computer associates new ceo solved its problems. Shawn baldwin from cmg in chicago with lew ranieri at the 2009 milken global conference. In a conference call yesterday, computer associates chairman, lewis ranieri, expressed contrition. Kern takes over for walter thomas, who remains with ca as a senior vp of it.
Computer associates chairman lewis ranieri said the agreement let the company take a critical step in closing this deeply troubling chapter in its history. Shawn baldwin from cmg with lewis ranieri fast company. Computer associates drops ceo amid accounting scandal. Sanjay kumar, computer associates internationals chief software architect and former ceo, has left the company, effective immediately, the company announced friday. Computer associates gets new ceo 24 november 2004 software giant computer associates ca has. Fischer fills the position vacated by greg corgan, who in april was promoted to executive vp of worldwide sales. Abs pioneers launch web venture asset securitization report. Lewis software associates, llc quarterly express plus e. Ranieri served on the board of directors of computer associates now known as ca technologies, the 11th largest software company in the world, from 20012007, and as its chairman from 20042007. Form updates for ty2019 annual returns form 940, form 943, form 944 and form 945 form updates for ty2019 aca returns form 1094b, 1094c, 1095b and 1095c form updates for ty2020 quarterly returns form 941, form 720. Software services and support from ca technologies, a. Troubling chapter with these agreements, ca has taken a critical step in closing this deeply troubling chapter in its.
Former software execs indicted computer associates fined. Ranieri partners puts cre services company situs holdings on. The company designs, markets and licenses computer software products that allow businesses to run, manage and automate critical aspects of their information technology it operations. Kumar will stay with computer associates as chief software architect, a new position. As a result, we moved to remove sanjay from any management position, said lewis ranieri, the companys chairman. Lewis ranieri, who had been the lead independent director on cas board since 2002, was named chairman. We design, market, and license computer software products that allow. By locating the problem of the construction of financial instruments, their. Parties, docket activity and news coverage of federal case computer associates international, inc. Ranieri is a former bond trader, founding partner and current chairman of ranieri partners, a real estate firm. Sanjay kumar business executive wikimili, the free.
Quarterly express plus about lewis software associates. Deft touch that lewis ranieri used to popularize mortgagebacked securities market in 1980s will be in high demand in his new role as chairman. Computer associates taps ibm exec as ceo business us. It has a portfolio of software products that are designed to operate with all major business. Ranieri, a former salomon mortgagebond trader who was immortalized in the 1980s bestselling book liars poker, is the founder of hedge funds hyperion partners l.
Kumar was, at the time, uccels director of software development 4 6 and had been employed by uccel only for a few months. Computer associates, is a provider of management software. Lewis ranieri explains how his frankenstein helped blow up the. Bbc news business former ca software chief charged.
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