Islandia, N.Y. (Aug. 2, 2004) — Troubled Computer Associates International Inc., which dismissed 14 executives in the aftermath of a $2.2 billion accounting scandal, nominated former Securities and Exchange Commision commissioner Laura Unger to its board.
Unger, who declined a previous offer to join the CA board two years ago, would replace Alex Serge Vieux, who announced that he was stepping down.
She will stand for election at the annual meeting Aug. 25.
CA has offered $10 million to settle a two-year probe by the Justice Department and the SEC into its accounting practices.
In addition, Sanjay Kumar, the ousted chief executive at CA, may have to forfeit some $8 million in stock options. He was dismissed from that post in June.
The company added that it might not pay Kumar's $1 million bonus and undetermined severance.
— WebCPA staff
