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To: SAMS BONE who wrote (50054)	7/13/1999 12:48:00 AM
From: puborectalis	Read Replies (1) \| Respond to of 120523

Obscene ......Computer Associates CEO Wang's Pay Rises 41-Fold to $655.4 Mln on Bonus By Aimee Picchi Computer Associates CEO Wang's Pay Soars to $655.4 Mln (Repeat) (Repeats to fix add dropped word in last paragraph.) Islandia, New York, July 12 (Bloomberg) -- Computer Associates International Inc. Chief Executive Charles Wang's total compensation rose about 41 times to $655.4 million in fiscal 1999, due to a $650.8 million bonus in restricted stock. Wang's annual salary of $1 million for the year ended March 31 was unchanged from the prior fiscal year and his bonus fell 40 percent to $3.6 million from $6 million, according to a U.S. Securities and Exchange Commission filing. Wang's total pay last year was $16 million. Company officials weren't immediately available to comment. Computer Associates awarded its three top executives about $1 billion in restricted stock in May 1998 because its shares closed above $53.33 for 60 trading days in a 12-month period. About two months later, the company warned of slower sales and earnings growth, causing the stock to tumble by a third. During fiscal 1999, its shares fell 38 percent. ''Mr. Wang's overall compensation level is appropriate in light of the value that his superior leadership, vision, and dedication has provided,'' the company wrote in the filing. Computer Associates shares have increased more than fourfold in the past five years, compared with an almost sevenfold increase in the S&P Computer Software Index and a tripling of the S&P 500 Index of large-company stocks. That $1 billion bonus has prompted a shareholder proposal to cap Wang's pay that will be voted upon at the company's annual meeting next month, according to the filing. That proposal suggests that Wang's pay be capped at a multiple of CA's lowest paid worker, and that the company should write a shareholder report to disclose the multiple and explain how it decided on a limit. Board Opposition Computer Associates' board is recommending that shareholders vote against the proposal because it argues that a cap would limit the company's ability to retain its CEO. Wang founded Islandia, New York-based CA in 1976. President Sanjay Kumar's total compensation rose about 29 times to $329.6 million. His salary was unchanged at $900,000, while his bonus fell 43 percent to $2.4 million from $4.24 million. His restricted stock award amounted to $326.3 million, compared with $6.36 million a year earlier. Executive Vice President Russell Artzt's total compensation rose about 30 times to $107.2 million. His salary was unchanged at $750,000, while his bonus fell 38 percent to $720,000 from $1.17 million. His restricted stock award totaled $108.6 million, compared with $1.75 million a year earlier. CA fell 15/16 to 55 5/16.