CA Names Two New Directors After Attack From WylyCA Names Two New Directors After Attack From Wyly

Computer Associates named two new directors to its board last week after dissident investor Sam Wyly attacked the software vendor in a letter. A current board member also stepped down. Wyly's Ranger Governance, which claims to hold Computer Associates (NYSE--CA) stock options worth $30 million, asked that CA's top three executives step down because its stock price is slipping. Instead, CA named former Securities and Exchange Commission chief accountant Walter Schuetze and Harvard University professor Jay Lorsch to its board. Wyly waged a failed proxy fight against the company last summer to try to unseat certain directors.