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Centimillionaire Income CEOs
Page entitled :
Charles B. Wang - founder and CEO of Computer Associates
Content of this page is about :
How Charles Wang and his partners built Computer Associates into a software
giant, then granted themselves unjustified stock options, overstating the
corporation's income .
Extract :
... setback, which he explained by racial discrimination, eventually led
Charles B. Wang to step down as CEO (2000) and chairman of the board (2002)
of Computer Associates, in favor of Sanjay Kumar, who had succeeded Wang’s
brother as COO in 1994. This was amid charges of irregularities with the
company’s income statements and a related massive grant of stock options to
CA’s top managers, including Wang, Kumar and ...
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