Former Autonomy CEO Michael Lynch's fraud trial, which began in March, is nearing its conclusion. (Photo: Loren Elliott/Bloomberg) Autonomy CEO Denies Misleading HP, Says Its Own Blunders Made $11B Buyout a Flop
After HP fired CEO Leo Apotheker, there "was total chaos and paralysis for weeks," former Autonomy CEO Michael Lynch testified Tuesday. "There was no transition plan, no handing over of the Autonomy plan. It was back to square one."
May 29, 2024 at 12:26 PM
8 minute read
Former Autonomy CEO Michael Lynch, standing trial in San Francisco on charges he used accounting trickery to dupe Hewlett-Packard into buying his company for $11 billion in 2011, testified Tuesday that he actually would have preferred to keep it independent.
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