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A decade of tech scandals

A decade of tech scandals

...phone company. By 2005, it was the source of the second-largest accounting scandal in US history. WorldCom, which once considered making a bid for... Read more

27 November, 2010 by Staff

CA execs hold on to million-dollar bonuses

...proposal to recoup money paid out to executives during a long-running accounting scandal. About 76 percent of voting shareholders decided to side with CA... Read more

26 August, 2004 by Martin LaMonica

CA chief steps down amidst accounting scandal

Computer Associates' Sanjay Kumar has stepped down but the company claims this isn't an admission that he was involved in an internal financial scandal Read more

21 April, 2004 by Martin LaMonica and Will Sturgeon

Nortel finally releases results

...announced preliminary results plus a wave of firings related to a widening accounting scandal. Also Thursday, the company said it will cut 3,500 jobs... Read more

19 August, 2004 by Marguerite Reardon

News Schmooze: WorldCom or WorldCon?

...its stock price growth in the dot-com era, revealing an "aggressive accounting" scandal of nearly $4bn (roughly £3bn). It's WorldCom this time, but... Read more

28 June, 2002 by ZDNet UK

Nortel to restate profits yet again

...was settling a lawsuit brought against it by its shareholders following an accounting scandal over results dating from 2000. That debacle saw several senior executives... Read more

2 March, 2007 by David Meyer

Q&A: CA CEO John Swainson

...times during that three-year spell, riddled with hostile takeover talk and accounting scandal, you could have been forgiven for thinking CA was another empire... Read more

16 November, 2005 by Will Sturgeon

CA to republish five years of financial statements

...news comes as a blow to CA, which was linked with an accounting scandal last year, and will now delay filing its financial report to... Read more

3 June, 2005 by Dan Ilet

CA completes new-look management team

...The CA brand is tarnished." The company's image suffered after an accounting scandal that implicated the company's former CEO, Sanjay Kumar, and other... Read more

5 April, 2005 by Martin LaMonica

Oracle: Squaring up to SAP

...following among big manufacturing companies. A string of acquisitions punctuated by an accounting scandal permanently sidelined the company in the space of just a few... Read more

4 April, 2005 by Alorie Gilbert

Who cares about business intelligence?

...of several executives at Enron. The US legislation that resulted from that accounting scandal, such as Sarbanes Oxley, has forced chief executives everywhere to have... Read more

9 March, 2005 by Andrew Donoghue

Rebuilding CA's bridges

...was being addressed even before you came. And there's also the accounting scandal. What do you think it's going to take for that... Read more

23 February, 2005 by Martin LaMonica

Kumar forced to relinquish golden parachute

...the federal government has finished its investigation into CA's $2.2bn accounting scandal. The loss of Kumar's 281,300 shares represents over half... Read more

2 August, 2004 by Matt Hines

CA says its results will contain no surprises

...SEC, and the software maker has settled shareholder lawsuits related to the accounting scandal. The company's former chief executive, Sanjay Kumar, stepped down as... Read more

7 May, 2004 by Matt Hines

AT&T sues MCI for Canada call routing

...it was known as WorldCom and was mired in an $11bn (£7bn) accounting scandal, considered among the biggest in history. It has since replaced much... Read more

3 September, 2003 by Ben Charny

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