Former Autonomy CEO Mike Lynch. Photo: Graham Barclay/Bloomberg News Autonomy CEO Downplays Panicked Emails, Denies Firm Was Tanking Before $11B Sale to HP
"What we're looking at is the sausage-making that goes into every quarter and the stress that goes into sales," Autonomy CEO Michael Lynch said of internal emails expressing alarm about the company's progress closing deals.
May 30, 2024 at 03:55 PM
6 minute read
White Collar Crime
The original version of this story was published on Corporate Counsel
On the stand at his fraud trial Wednesday, former Autonomy CEO Mike Lynch dismissed email evidence that presented a gloomy picture of his company's finances leading up to its $11 billion sale to Hewlett-Packard in 2011.
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