FORGET UBS, WHERE ARE THE CRIMINAL CHARGES FOR THIS ABUSE OF FIDUCIARY RESPONSIBILITY?
December 21, 2012 – One of the state’s biggest technology endeavors, a $371-million overhaul of the government payroll system, is beset with problems and “in danger of collapsing,” according to the state controller’s office. The company hired for the project is in over its head and may be unable to deliver on its promise to update a payroll system so old that even simple salary adjustments can tie it in knots, the controller’s chief administrative officer said in a letter. The state has spent at least $254 million so far on contractors, staff salaries, software and more for the system upgrade, which is five years overdue and has nearly tripled in cost since lawmakers authorized it in 2005.
Link to Full Article: http://articles.latimes.com/2012/dec/21/local/la-me-state-computers-20121222