Reply to post: All this has happened before...

Here's what Lynch, Hussain and HPE are saying about Autonomy pre-buyout due diligence

MyffyW Silver badge

All this has happened before...

"The directors of such joint-stock companies, however, being the managers rather of other people's money than of their own, it cannot well be expected, that they should watch over it with the same anxious vigilance with which the partners in a private company frequently watch over their own.... Negligence and profusion, therefore, must always prevail, more or less, in the management of the affairs of such a company."

- Adam Smith, Wealth of Nations, 1776

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