Richards and Kumar had relatives at CA

Over US$1 million paid to family members in 2003

Stephen Richards and Sanjay Kumar both had close relatives working at CA during 2003 and 2004, according to filings by CA with the US Securities and Exchange Commission.

According to a proxy “notice of annual general meeting” document filed in 2003, “Immediate family members (but in no case a spouse or a child) of Messrs Zar, Kumar and Richards are employed by the company and received total cash compensation of US$115,508, US$256,250 and US$648,774, respectively, in fiscal 2003, plus standard benefits available to all employees.”

The filing goes on to note “In each case, the compensation levels were commensurate with other employees having similar positions and responsibilities”.

The reference to “Messr Zar” refers to former chief financial officer Ira Zar.

The 2004 version of the same document notes “Immediate family members (but in no case a spouse or child) of Messrs Kumar and Richards are employed by the company and received total cash compensation of US$295,000 and US$903,867, respectively.”

The same comments about remuneration being commensurate with other employees are repeated in the 2004 filing.

US commentator Michelle Leder, from whose internet postings Computerworld first learned of the SEC filings, noted in a 2005 posting that “This year, however, there’s no mention of [Richards’ relative], though theoretically he/she could still be working at CA and is no longer [mentioned] because Richards is no longer at the company”.

According to BusinessWeek, Charles Wang “managed to keep his second marriage a secret from close colleagues, although his wife, Nancy Li, [was] CA’s chief technology officer.

“Until Li’s pregnancy forced disclosure in 1992, she and her husband were careful to drive to work each morning in separate cars,” claims the BusinessWeek article, which was published in 2000.

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