Computer Associates Execs Must Pay Back Stock | AccountingWEB

Computer Associates Execs Must Pay Back Stock

Three top executives with Computer Associates, the popular maker of Accpac and other software products, have been ordered by a Deleware judge to return half of more than $1 billion in stock because the court ruled the executives improperly received the stock in 1998.

The returned stock totals 9.5 million in shares, and represents part of a 20.25 million share grant made to the three executives based on a compensation package approved by shareholders in 1995.

Computer Associates' attorneys said the company will review the ruling and make a decision whether to appeal.