Sanjay Kumar (born Dhanbad,India) was the Chairman and CEO of Computer Associates International (now CA Technologies), until April 2004.

Emigration

He emigrated with his family to the United States

United States

The United States of America is a federal constitutional republic comprising fifty states and a federal district...

 in 1976. The family originally settled in South Carolina

South Carolina

South Carolina is a state in the Deep South of the United States that borders Georgia to the south, North Carolina to the north, and the Atlantic Ocean to the east. Originally part of the Province of Carolina, the Province of South Carolina was one of the 13 colonies that declared independence...

. He attended Furman University

Furman University

Furman University is a selective, private, coeducational, liberal arts college in Greenville, South Carolina, United States. Furman is one of the oldest, and more selective private institutions in South Carolina...

 from 1980 to 1983, and left without completing a degree.

Career

Kumar became an employee of Computer Associates in 1987, when it acquired UCCEL Corp.

Uccel

UCCEL Corp, previously called University Computing Company was a data processing service bureau on the campus of Southern Methodist University in Dallas, Texas. It was founded by the Wyly brothers in 1963...

 in an $800 million buy-out. Kumar was, at the time, UCCEL's director of software development and had been employed by UCCEL only for a few months.

Kumar was promoted to Vice President of Planning the following year, relocating to Computer Associates' Long Island

Long Island

Long Island is an island located in the southeast part of the U.S. state of New York, just east of Manhattan. Stretching northeast into the Atlantic Ocean, Long Island contains four counties, two of which are boroughs of New York City , and two of which are mainly suburban...

 headquarters. Over the years he held various leadership roles at the firm. In 1989, he became Senior Vice President of Planning and in 1993 moved up to Executive Vice President of Operations. Kumar was named President

President

A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...

 and Chief Operating Officer

Chief operating officer

A Chief Operating Officer or Director of Operations can be one of the highest-ranking executives in an organization and comprises part of the "C-Suite"...

 in 1994 at age 31. Kumar succeeded the retiring Tony Wang, the older brother of Chief Executive Officer

Chief executive officer

A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

 Charles Wang

Charles Wang

Charles B. Wang is the co-founder of Computer Associates International, Inc. and owner of the New York Islanders ice hockey team and their AHL affiliates, the Bridgeport Sound Tigers....

, as Tony was pressured to leave to make way.

In 2000, Kumar replaced his mentor Charles Wang

Charles Wang

Charles B. Wang is the co-founder of Computer Associates International, Inc. and owner of the New York Islanders ice hockey team and their AHL affiliates, the Bridgeport Sound Tigers....

 as Chief Executive Officer

Chief executive officer

A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

 of the firm and in 2002 became Chairman of Computer Associates' board of directors

Board of directors

A board of directors is a body of elected or appointed members who jointly oversee the activities of a company or organization. Other names include board of governors, board of managers, board of regents, board of trustees, and board of visitors...

. Kumar is widely credited for moving CA to be more customer-focused, and for implementing the software industry's first large scale ratable revenue recognition business model.

Resignation

Kumar resigned as chairman and chief executive in April 2004, following an investigation into securities fraud and obstruction of justice at Computer Associates. He remained with the firm in the new position of Chief Software Architect for about six weeks before leaving the firm altogether on June 4, 2004. A federal grand jury

Grand jury

A grand jury is a type of jury that determines whether a criminal indictment will issue. Currently, only the United States retains grand juries, although some other common law jurisdictions formerly employed them, and most other jurisdictions employ some other type of preliminary hearing...

 in Brooklyn indicted him on fraud charges on September 22, 2004. Kumar pled guilty to obstruction of justice and securities fraud charges on April 24, 2006. On November 2, 2006, it was reported that he was sentenced to 12 years in prison and fined $8 million for his role in a massive accounting fraud at Computer Associates.

Prison

At the hearing in federal court in Brooklyn, Judge Leo Glasser sentenced Kumar, 44 years old, to 144 months in prison, to be followed by three years supervised release. The judge deferred payment of the fine until after restitution is determined at a hearing scheduled for February 2, 2007. Kumar was scheduled to report to prison on February 27, but that was delayed by two months due to delays in the restitution hearing. The start of the prison sentence was then delayed again, to November. However, in early June U.S. District Judge I. Leo Glasser ordered Kumar to surrender by August 14, 2007 to the Federal Correctional Center in Fairton, New Jersey, to begin serving his 12-year sentence, and on that date he did so.

"I stand before your honor today to take full responsibility for my actions," Kumar said prior to sentencing. "I know that I was wrong and there’s no excuse for my conduct."

Restitution

On April 13, 2007, Judge Glasser approved an agreement for Kumar to pay $798.6 million in restitution, at least $52 million by December 31, 2008. After he serves his 12-year prison term, the government may take 20% of his future gross annual pay for restitution.

Other investments

At one time, Kumar was a part owner, with Wang, in the New York Islanders

New York Islanders

The New York Islanders are a professional ice hockey team based in Uniondale, New York. They are members of the Atlantic Division of the Eastern Conference of the National Hockey League...

 hockey team and New York Dragons

New York Dragons

The New York Dragons were an Arena Football League team based in the New York metropolitan area. The team was founded in as the original incarnation of the Iowa Barnstormers, and relocated to New York in . They played in New York until 2008, when the league folded...

arena football team, but, according to local news reports, Wang purchased Kumar's share in 2006.

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