CA Shareholders Decry Bonuses

A major Computer Associates (CA Quote) shareholder wants the company to review bonuses given to executives who may have benefited from fraudulent accounting practices.

The $4 billion Amalgamated Bank's LongView Investment Fund has submitted a shareholder resolution urging action by the board to be voted on at the annual meeting in late August. The fund holds 260,000 shares in CA.

The giant software company has been shaken by admissions that it illegally backdated nearly $2 billion in software license revenue in fiscal 2000 and 2001 to meet financial projections for earlier quarters. ...