Former McKesson HBOC Chairman Charles McCall got 10 years for securities fraud Friday, even though federal prosecutors had sought 15 years and the probation office thought he deserved even more than that.
McCall is the last defendant to be sentenced in a decade-long case involving cooked books at the company. In fashioning McCall’s punishment, Northern District of California Judge William Alsup stressed the need to deter corporate executives from committing these kinds of crimes. However, he said McCall’s crimes — while serious — are not the same as those perpetrated by the likes of Bernard Madoff. McKesson HBOC was a real company with real products, Alsup said, while Madoff’s business was a total sham.
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