Financial Times FT.com

CA shareholders reject bonus action

By Richard Waters in San Francisco

Published: August 25 2004 17:53 | Last updated: August 25 2004 17:53

Shareholders of Computer Associates on Wednesday rejected a sweeping proposal that the scandal-plagued software company demand the return of bonuses paid to executives and former executives.

However, Lewis Ranieri, chairman, said the company still planned to seek the return of “money subject to ill-gotten gains by evil deeds” once its investigations into accounting irregularities were completed.

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