Troubled software maker Computer Associates (Quote, Chart) continued a major house-cleaning Monday, naming former Vivendi Universal Games head Kenneth Cron as its interim CEO and restating $2.2 billion in revenues amid a federal accounting probe.
Cron steps into the role vacated last week by CEO Sanjay Kumar, who resigned amidst an accounting scandal the Islandia, N.Y.-based company is moving to put behind it.
Also promoted was newly-installed CFO Jeff Clarke as chief operating officer at CA. Clarke stepped in as the top financial executive only this month. Clarke will wear both hats within the company while the board of directors looks for a permanent CEO and new CFO.
The company also forced the resignation of the senior vice president of worldwide sales, Stephen Richards, who was replaced by Greg Corgan in the position. In a conference call with investors and reporters Monday morning, board chairman Lewis Ranieri said with the current team in place, he doesn't feel compelled......

Join Now to view the rest of this term paper!
Members: Login to view this research paper.

Title: Computer Associates Computer Software
Approximate Word Count: 852
Approximate Pages: 4 (250 words per double-spaced page)

With the Term Papers Lab Membership Pass, you get instant access to every essay on this site, including this essay on Computer Associates Computer Software, for as long as you remain a member.

Other essays sites charge almost $100 for a single term paper. At Term Papers Lab, you can get instant access to over 100,000 research papers for as little as $29.95!