35-day month: play stupid
Visited 140 times, 1 so far today
Inventor: Sanjay Kumar
Designation: CEO and Chairman of the Board of Computer Associates International, Inc.
( Former CEO ofcourse, currently serving 12 Years of sentence for IT fraud , and fined $8m )
Why: To boost sales by $500 million
Invention : Year 2000
Got Cought: 2006 Nov
Strategy:
Instruct the sales department to complete deals after the quarter closes and remove timestamp from the faxes.
How it works:
-Strengthen previous months revenue figures at the expense of future earnings reports.
-Improves share value, no slide.
Cool things to do while Playing stupid:
“Mr Kumar was so involved with boosting sales figures for one particular quarter as it was closing that he flew in a corporate jet to Paris to finalise a $19m deal and signed a contract that had been backdated.”
Uncool things after it ends:
The Department of Justice (DoJ), FBI and U.S. Attorney’s Office handed down a 10-count indictment against former Computer Associates (CA) chairman and CEO Sanjay Kumar and Stephen Richards, former CA head of worldwide sales.
