we at CA thanks Sanjay Kumar for f$%k us all !

Computer Associates Ex-CEO Pleads Guilty to Business Fraud
by The Associated Press4/25/2006 —

Sanjay Kumar, the former CEO of Computer Associates International Inc., pleaded guilty on Monday to obstruction of justice and securities fraud charges in a massive accounting scandal at the Long Island-based software company.

According to a 2004 indictment, Kumar was so involved with adding false revenue to a financial quarter even after it closed that he flew on a corporate jet to Paris in July 1999 to finalize a $19 million deal and signed a contract that had been backdated.

The indictment also charged that executives instructed salespeople to complete deals after the quarter had closed -- a practice known within the company as the "35-day month" -- and "cleaned up" contracts by removing time stamps from faxes.

"Your honor, my conduct was wrong. I take responsibility for participating in this practice, and I apologize for my actions," Kumar told the judge, referring to the accounting fraud.

The company's former head of worldwide sales, Stephen Richards, pleaded guilty to the same charges in federal court in Brooklyn. He and Kumar left the courthouse without speaking to reporters.

The guilty pleas "are a culmination of the government's successful investigation into a culture of corruption and fraud at Computer Associates," U.S. Attorney Roslynn Mauskopf said in a statement.

Five other top executives had previously pleaded guilty.

Kumar, 44, and Richards, 41, remain free on $5 million bond while awaiting their Sept. 12 sentencing. The law allows a maximum sentence of 20 years in prison for the offenses, but the term could be substantially less under federal sentencing guidelines.

Kumar also is a co-owner of the New York Islanders hockey team.

Computer Associates, which makes software and storage systems for large corporations, agreed in 2004 to pay $225 million to shareholders in a settlement letting it defer criminal prosecution. An outside monitor is tracking its financial reporting, and the company is reviewing past financial filings. Computer Associates would face no prosecution if it follows terms of the deferral agreement for 18 months.

Computer Associates restated its financial results from 2000 and 2001 to reflect $2.2 billion in revenue that was improperly booked.

During the company's fiscal year 2000, it "prematurely recognized" more than $1.4 billion in revenue from at least 116 contracts that had not yet been signed, the Securities and Exchange Commission said.

The Islandia, N.Y.-based company has said it had billions of dollars in annual revenue in the late 1990s. Reported revenues plunged after the company changed its accounting practices in the face of increased outside scrutiny.

After the FBI began investigating the company in 2002, Kumar and Richards orchestrated a cover-up that involved lying under oath about the "35-day month" and other frauds and trying to buy the silence of a potential witness, authorities said.

You can contact The about "Computer Associates Ex-CEO Pleads Guilty to Business Fraud" at editor@redmondmag.com.

HERE ARE SOME GREAT COMICS !!

PLEASE USE THESE BANNER GET THE WORD OUT !!!

CA recently outsourced too ARINSO

As previously announced, CA recently signed a contract with ARINSO International, a leading global provider of HR business solutions. ARINSO will provide HR Services worldwide including service center operations for HR-related requests, benefits and leave administration, end-to-end recruitment services in North America, tuition assistance and employee data and file management.

Over the next few weeks, we will be providing additional details including contact information for the new HRSC and ‘what you can expect' in the subsequent phases of our implementation. In the interim, if you have any questions, please contact your local HR representative.


What HR representative ?




CA selects ARINSO for global HRO & recruitment process outsourcing
New York, Brussels, December 19, 2006ARINSO International (Euronext Brussels: ARIN), a leading provider of HR Technology Consulting & Outsourcing Services, announced today that it has been selected by CA, Inc. ('CA') one of the world's largest information technology (IT) management software companies, to provide global HRO services and outsourced recruitment. ARINSO will support these administrative processes from its HR Shared Service Centers in the Americas, Asia Pacific and Europe.

The agreement with CA spans a period of five years and covers HR administration in over 30 countries globally and Recruitment Process Outsourcing (RPO) in North America. The agreement with CA has a total contract value of over USD $60 million and confirms ARINSO's position as a global HRO service provider. It also demonstrates ARINSO's expertise in key HR processes, such as recruitment and HR administration.The global HRO solution provided by ARINSO will serve over 15,000 CA employees and will enable CA to enhance the administrative and transactional services to internal customers by rolling out innovative self-service functionality. Services will be provided by four regional HR Shared Service Centers; the Americas will be serviced by centers in Atlanta (US) and in Buenos Aires (Argentina), the center in Katowice (Poland) will service the EMEA region, and the fast growing Asia Pacific region will be serviced by a center in Manila (Philippines)."CA selected ARINSO for its strong expertise with SAP and its ability to work with us to simplify and standardize our HR business processes globally," said CA's Executive Vice President of Human Resources, Andy Goodman. "This new HR model will allow us to maximize the strategic value of CA's HR professionals and provide more value-added services to our internal customers."The North America RPO solution will enable CA to outsource the annual processing of over 20,000 candidates and the recruitment of over 1,000 applicants, based on a unique concept of 'no placement, no payment.' ARINSO has partnered with the Professional Recruitment Outsourcing unit of Philadelphia-based CDI Corporation (NYSE: CDI) to support CA's recruitment activities in the U.S. and Canada. The recruitment solution from VURV Technology will be used as the technology platform for recruitment efforts."Offering the right technology foundation and the most efficient delivery services to support vital HR processes, on a global basis, that's what we are all about at ARINSO," said Ignacio Palomera, President of ARINSO US.
INFORMATION FOR EDITORS CONTACT:ARINSO InternationalMichael CustersMarketing & Communications

Managermichael.custers@arinso.comPhone: +32 2 558 06 70
About ARINSO International ARINSO International (Euronext Brussels: ARIN) is a global HR Services partner offering comprehensive HR business solutions to the world's largest employers. ARINSO is dedicated to HR Excellence through Strategic Consultancy, Outsourcing Services and Technology Integration Services.

ARINSO was founded in 1994 and employs over 2,500 staff in 25 countries, including Argentina, Australia, Austria, Belgium, Brazil, Canada, Finland, France, Germany, Italy, Luxembourg, Malaysia, Mexico, Morocco, the Netherlands, the Philippines, Poland, Portugal, Singapore, Spain, Sweden, Switzerland, Thailand, the United Kingdom & the United States.About CA CA (NYSE: CA), one of the world's largest information technology (IT) management software companies, unifies and simplifies the management of enterprise-wide IT. Founded in 1976, CA is headquartered in Islandia, N.Y., and serves customers in more than 140 countries. For more information, please visit http://ca.com/.

America is Losing IT and Other Technical Jobs To Outsourcing At An Alarming Rate....

THIS ISN'T A SHIRT OR A TOY, this is YOUR bank accounts, credit and personal information, in a foreigners hands.

How easy would it be for terrorists to get this information ?

Would a non-American think twice about selling this information to the wrong person ? Don't do business with companies that outsource....
Dump their stock, tell them you won't do business with them because they outsource.

Write to Congress, your state Senator, the President and ask them why companies are allowed to import cheap labor on L1/H1 Visa's when there is an American needing that job. Ask Why American workers are being forced to train their cheaper replacement and then laid-off.

Ask why your personal information; credit, banking and health info is in the hands of foreigners.

Billions in lost tax revenue, many livelihoods destroyed. So what can you DO ABOUT OUTSOURCING ?


http://www.nojobsforindia.com/

Bush economic report praises 'outsourcing' jobs

Bush economic report praises 'outsourcing' jobs

Tuesday, February 10, 2004By Warren Vieth and Edwin Chen, Los Angeles Times

WASHINGTON -- The movement of U.S. factory jobs and white-collar work to other countries is part of a positive transformation that will enrich the U.S. economy over time, even if it causes short-term pain and dislocation, the Bush administration said yesterday.

The embrace of foreign "outsourcing," an accelerating trend that has contributed to U.S. job losses in recent years and become an issue in the 2004 elections, is contained in the president's annual report to Congress on the health of the U.S. economy.

"Outsourcing is just a new way of doing international trade," said N. Gregory Mankiw, chairman of Bush's Council of Economic Advisors, which prepared the report. "More things are tradable than were tradable in the past. And that's a good thing."

The report, which predicts that the nation will reverse a three-year employment slide by creating 2.6 million jobs in 2004, is part of a weeklong effort by the administration to highlight signs that the recovery is picking up speed. Bush's economic stewardship has become a central issue in the presidential campaign, and the White House is eager to demonstrate that his policies are producing results.

In his message to Congress yesterday, Bush said the economy "is strong and getting stronger," thanks in part to his tax cuts and other economic programs. He said the nation had survived a stock market meltdown, recession, terrorist attacks, corporate scandals and war in Afghanistan and Iraq, and was finally beginning to enjoy "a mounting prosperity that will reach every corner of America."

The president repeated that message during an afternoon "conversation" on the economy at SRC Automotive, an engine-rebuilding plant in Springfield, Mo., where he lashed out at lawmakers who oppose making his tax cuts permanent.

"When they say, 'We're going to repeal Bush's tax cuts,' that means they're going to raise your taxes, and that's wrong. And that's bad economics," he said.

Democrats who want Bush's job were quick to challenge his claims.

Massachusetts Sen. John F. Kerry, the front-runner for the Democratic presidential nomination, supports a rollback of Bush's tax cuts for the wealthiest Americans and backs the creation of tax incentives for companies that keep jobs in the United States -- although he supported the North American Free Trade Agreement, which many union members say is responsible for the migration of U.S. jobs, particularly in the auto industry, to Mexico.

Campaigning yesterday in Roanoke, Va., Kerry questioned the credibility of the administration's job-creation forecast. "I've got a feeling this report was prepared by the same people who brought us the intelligence on Iraq," he said. "I don't think we need a new report about jobs in America. I think we need a new president who's going to create jobs in America and put Americans back to work."

In an evening appearance at George Mason University in Fairfax, Va., North Carolina Sen. John Edwards mocked the Bush administration's economic report.

Edwards, also a Democratic presidential nomination candidate who also supports repealing tax cuts for the richest Americans and offering incentives to corporations that create new jobs in the United States, said it would come as a "news bulletin" to the American people that the economy is improving and the outsourcing of jobs overseas is good for America.

"These people," he said of the Bush administration, "what planet do they live on? They are so out of touch."

The president's 411-page report contains a detailed diagnosis of the forces contributing to the U.S. economic slowdown and a wide-ranging defense of the policies Bush has pursued to combat it.

It asserts that the last recession actually began in late 2000, before the president took office, instead of March 2001, as certified by the official recession-dating panel of the National Bureau of Economic Research.

The report repeats the administration's contention that the Bush tax cuts must be made permanent to have their full beneficial effect on the economy.

Social Security also must be restructured to let workers put part of their retirement funds in private accounts, the report argues. Doing so could add nearly $5 trillion to the national debt by 2036, the president's advisers note, but the additional borrowing would be repaid 20 years later, and the program's long-term health would be more secure.

Corporate America: The Land of the Greed

August 31, 1998

One can get attached to wide open spaces living in the center of the United States. However becoming geographically challenged is a drawback if you stay too long. Over the last thirty years business trends have led to a disturbing fact; small town America is dying.

Case in point: Enid, OklahomaIn the late 1960's and early 1970's my parents would cram the family in the car and drive to the third largest city in Oklahoma; Enid. It was a modern city in many ways. Champlin refinery (and the oil business in general), Phillips University, Vance Air Force Base, Bond bakery and Gold Spot dairy all provided Northwest Oklahoma with a big city outpost and good jobs to keep the city a wonderful place to live and work. At one time Geronimo automobiles called Enid home (only one Geronimo car still exists and it is on display at a local museum.)

The Enid town square was visible from miles away as several skyscrapers surrounded and dwarfed the large county court house in the center of town. The Broadway Tower was the largest. Enid hosted another type of skyscraper; North of downtown stretched one of the top three largest grain storage complexes in the world.

Three railroads served the town and the grain complex with lines radiating out in ten directions (The Atchinson Topeka and Santa Fe, the St. Louis and San Francisco (better known as "The 'Frisco"), and the Chicago Rock Island and Pacific (better known as "The Rock Island").
In fact, the town still had passenger rail service up until 1968, although the Rock Island's Twin Star Rocket was probably not used frequently because it arrived in the early morning hours. An amusement park existed on the Southwest side of town.

As Enid FadesToday it is obvious that Enid is dying. The oil business has moved to Houston and overseas. In fact, the Champlin refinery has been dismantled and moved to Houston. Gold Spot dairy has closed after being merged with corporate conglomerate AMPI (American Milk Producers Incorporated).

While not a large dairy, Gold Spot did have an effect and local presence in the town. The milk tanks have been removed and a thrift store has replaced the corporate offices. Bond bread is gone. Geronimo cars were only produced for a short time because after the plant burned, no one bothered to rebuild. The downtown square looks like a ghost town. One expects a tumble weed to roll by at any minute.

Parking is no problem as it was in the 1960's and 1970's. Only three railroads still remain in town. Farmrail, the Burlington Northern Santa Fe, and the Union Pacific. The Union Pacific runs through town on a north south route. The Burlington Northern Santa Fe runs east west. Farmrail's deteriorating tracks run southwest of town. There are no local railroad offices remaining.

Many elevators sit empty while grain piles up outside other active elevators. The railroad no longer sees grain transport as a volume business in Enid so much of it is moved by semi trailers. Storage of grain is no longer seen as necessary in this town which is far removed from export grain sea ports. The oil business in Oklahoma has been dead for nearly fifteen years.
The result: Enid is collapsing. The loss of business has forced Phillips University to close its doors and liquidate its assets. The mall that was built to try and attract retail business is suffering. Even more the small businessman has changed. The Ma and Pa business have given way to national franchises. When was the last time you had a good Lotta Burger or Gold Spot hot fudge sundae?

Corporate AmericaWhat does this have to do with Corporate America? Corporate America has one goal; to please the stockholder. The customer and employee are left to suffer the consequences and, in turn, the nation suffers.

The big cities get bigger and the small cities die.

Corporate America is a silent invasion that takes families captive. These families are forced to move to the dangerous metro centers where gangs, crime and a general hectic pace of life prevail.

But that is another story.

The problem is that Corporate America has lost touch with general moral values upon which this country was built. Corporate America has become the Land of the Greed. Honesty, Quality, Company Loyalty to the employee and by the employee to the company, modest growth, customer satisfaction, and life-long careers all seem to be worthless in today's rat race. As a society we have become all too willing to purchase products that lack quality. Note the phrase "we live in a throwaway society."

What has caused this lack of quality? There are numerous reasons. Employees are forced to leave small cities like Enid and live in the traffic choked, family unfriendly, dirty "mega"tropolises. Mergers always loom on the horizon with the prospect of confusion and layoffs. Why go the extra mile when you are just running in circles?

The proposed four day week that was rumored in the 1970's has become the six day 70 hour work week for many of us and unemployment for others. Salaries have not kept pace with business growth so both household heads have to work. Employees suffer burnout as a record pace. Did someone say stress? All of this is caused by one trend.

Empires Over SatisfactionCorporate CEO's are more interested in Empire Building than Customer Satisfaction. Merging Corporations seems to be the new goal of the "head cheese." I know of some businesspersons who have left the same company several times only to return when the latest merger is announced. These major corporations are located in tier one cities for the most part and therefore good jobs are being sucked out of small cities at a record pace. This is why Enid is dying and the "mega"troplises are choking on their own consumption.

This devouring of the small town spirit is why gangs are becoming more violent as jobs in the heartland disappear and reappear in big cities. Mergers cause mass confusion on a corporate scale. People are displaced from their niche on both sides; buyer and buyee. The company expends resources on assimilation and consolidation rather than competition and quality. Mergers are sometimes a necessary evil. However, our government leaders seem blind to the effect on society as their approval is only a rubber stamp away.

ConclusionI would urge any politician reading this to think twice and read the facts before signing on the dotted line the next time you review a merger request. Stockholders beware: Not every merger is good. Consumers... drive past that national burger franchise and eat a Lotta Burger if you can find one.

Corporate Greed in America

The Issue: Corporate Greed in America

The Facts:

$ While the average worker in America makes $25 thousand per year, the average CEO salary is $14 million and climbing.

$ These same, overpriced CEOs have shifted millions of American jobs overseas, where child labor, worker coercion and slave wages are the rule.

$ Due to tax cuts Republicans have doled out to their Big Business friends, corporate tax receipts are now only 7.4% of overall federal revenue.

$ In 2002, the CEOs of the 50 U.S. companies that laid off the most workers got an average pay raise of 44%.

$ In 2002, CEOs for the 30 companies with the biggest shortfalls in employee pension funds were paid 59% more than CEOs at other companies.


What Republicans Claim:

$ They say that agencies like the Securities & Exchange Commission should be controlled by the same corporations they are supposed to be regulating.

$ They say that taking huge “campaign contributions” and then writing laws that benefit those same “contributors” isn’t really legalized bribery.

The Truth Of The Matter:

$ Corporate compensation for all executives must be reported as a separate item in all financial statements.

$ Even though shipping jobs to countries with low wages is good for CEO stock options and bonuses, it’s bad for America and just plain wrong.

$ Corporate campaign contributions must be reined in and regulated.

Fun Facts To Know And Tell:

$ Until Enron went bankrupt and Ken Lay’s crimes were exposed in the media, Mr. Lay was extremely influential with the current administration.

$ Bush’s pet name for Ken Lay was “Kenny Boy!”