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Note: Following are links to the BusinessWeek article to which CA management responds in its letter to the editor, below, and to letters stating management's refusal to comply with shareholder demands for the board records of actual director conduct: |
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DECEMBER 5, 2005
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Computer Associates: The Board Is Sound
Although we found "Computer Associates: Clearing a cloud" (Management, Nov. 21) a thoughtful and accurate portrayal of the company's progress and challenges, we disagree with the assertion of some management experts that board members who were in place during the troubled years should be automatically removed. The actions of Lewis Ranieri, who joined the board in 2001, and former Senator Alphonse D'Amato (R-N.Y.), who joined in 1999, have been essential to CA's turnaround. As the lead independent director and later as chairman, Mr. Ranieri played a critical role in launching the independent Audit Committee investigation into the company's accounting, which led to the removal of many of the company's top managers. And as a member of the Audit Committee, Senator D'Amato was instrumental to the success of that investigation. Mr. Ranieri also led the negotiations with the government that resulted in the deferred prosecution agreement. His guidance and active involvement in the business helped ensure stability during the period when the company was without a permanent CEO. Furthermore, Mr. Ranieri and Senator D'Amato were key participants in the company's efforts to attract outstanding new leaders, including CEO John Swainson. CA's shareholders will be well served by their continued contributions. Dan Kaferle Senior Vice-President for Corporate Communications Computer Associates Islandia, N.Y.
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