A proposed candidate for the the board of Computer Associates International, who is part of a group seeking to toss out the present board and overthrow the current management, has defended his team's plan to divide the company into four groups.
Charles Wang and Sanjay Kumar want to defeat the campaign by Texas billionaire Sam Wyly to wrest control of Computer Associates. Now it's up to the shareholders.
Several staff members of Computer Associates International, locked in a proxy fight over board control, were offered US$100 to be part of an employee satisfaction survey, an internal CA memo said.
Computer Associates International management has emerged victorious in a bitter proxy battle, but not without making changes to appease dissident shareholders.
Investor Sam Wyly takes his fight for control of the software company to shareholders, telling investors that their "liberation day" is coming.
When all is said and done, CNET News.com's Charles Cooper asks whether the hostile bid to acquire PeopleSoft is smart or just silly.
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