“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
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.
The emails, largely from finance chief Sushovan Hussain, offered a glimpse into the mad end-of-quarter rush to close deals, hit sales targets and realize revenue, a process that grew increasingly stressful between 2009 and 2011.
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Former Autonomy CEO Mike Lynch. Photo: Graham Barclay/Bloomberg News
