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April 13, 2007
New York Times Suggests that Executives Owe Investors Losses in Tech Stocks Since 2000 Highs
Link: Former CA executive to pay $800 million in restitution | CNET News.com.
By this measure, there may be quite a few executives who need to cough up.Even so, the fund will be able to repay only a small part of what shareholders in the company--including many employees--lost in the fraud. The company's stock trades at one-third of its peak in 2000. CA shares on Thursday closed at $26.36, up 40 cents.
Posted by Anupam Chander on April 13, 2007 at 09:28 AM in Current Affairs | Permalink
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