And The Sax Played On

Philippe Kahn still has a job. Good news, certainly, for the flamboyant founder and chief executive of software maker Borland International. Not so good, though, for the College Retirement Equities Fund (CREF) and the California Public Employees' Retirement System (CalPERS)--the two Borland investors that had declared their opposition to Kahn's reelection as chairman.

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