CA to appeal judge's ruling on $US550m payback

Computer Associates will fight this week's ruling by a US judge that requires three of the software company's top executives to pay back $US550 million they received in executive compensation to CA.

CA's board of directors will appeal the ruling by Delaware Chancery Court Vice Chancellor Myron Steele, the company said.

The ruling came in response to a lawsuit filed last year against the software vendor's board of directors by shareholders alleging that the compensation package was excessive.

The executives who received the disputed package are Charles Wang, CA chairman and CEO; Sanjay Kumar, president and chief operating officer; and Russell Artzt, company co-founder and executive vice president of research and development.

Day-to-day management of CA will not be undermined by the ruling, Wang said in a statement. "Sanjay, Russ and I remain as committed as ever to the business of making CA, its employees, shareholders and clients successful," Wang said.

"While the ruling is disappointing, it will in no way distract us from delivering results that will maintain CA's leadership in our industry."

The compensation package was intended as a reward for a $17.4 billion increase in CA's financial performance, the statement said. The committee approved the plan with the "overwhelming" support of company shareholders, the statement added.

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