Forum for Shareholders of CA, Inc.

Forum Home Page

Pending Status

Forum activities relating to CA, Inc. are temporarily suspended pending release of a court-appointed Examiner's report on management compliance with a Deferred Prosecution Agreement.

CA Forum Home Page

CA Research Reference


The following report is copied with permission from Global Proxy Watch, a private weekly newsletter for clients of Davis Global Advisors, Inc. ("DGA"), the independent consulting firm founded by corporate governance expert Stephen M. Davis, Ph.D.





 Shield Believe it or not, the US Securities and Exchange Commission (SEC)—whose motto is “the investor’s advocate”—last week acted to stop shareowners from exercising rights to remove corporate directors they consider harmful to a company. You would think that shielding directors from accountability is bad policy. But staff blocked Amalgamated Bank’s LongView Fund from petitioning a resolution at troubled CA to remove two directors. Amalgamated wanted a vote on ousting Alfonse D'Amato and Lewis Ranieri because of their alleged part in failures to prevent financial misconduct. Delaware, where CA is incorporated, permits such votes. But the former Computer Associates—which is striving to brand itself as reformed—scrambled to prevent the resolution. The SEC complied, citing federal law that channels director election challenges into expensive proxy fights rather than simple dissident resolutions. Amalgamated is appealing to the full Commission. See the Forum for Shareholders of Computer Associates.




GLOBAL PROXY WATCH © 2006 Davis Global Advisors Inc All rights reserved ISSN 1534-8822 June 30 2006

Stephen Davis, editor. T +1 203 245 2288 +44 [0]20 8133 6828 Skype: davisglobal F +1 203 245 2278 E



The Forum is open to all Computer Associates ("CA") shareholders, whether institutional or individual, and to any fiduciaries or professionals concerned with their investment decisions.  Its purpose is to provide shareholders with access to information and a free exchange of views on issues relating to their evaluations of alternatives, as described in the Forum Summary.

There is no charge for participation.  As stated in the Conditions of Participation, participants are expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants.  It is a Forum rule that participants will not be identified or quoted without their explicit permission.

Inquiries and requests to be included in the Forum's distribution list may be addressed to

The material presented on this web site is published by Gary Lutin, as chairman of the Shareholder Forum.