Re: Buyers’ remorse
"...Leo Apotheker was CEO, and by all accounts pushed the Autonomy purchase through...."
Indeed he was and indeed he did - against the advice of his then CFO. And worse, he threatened to fire her.
This was a man who had no place (like so many others) at the helm of this company. He announced he planned to sell their x86 business because it wasn't profitable enough... erm, ok, Leo. At the time it may only have had something like 0.8% margin, but it also made several billions a year in profits but sure.
It's very difficult to have any sympathy for HP. If they'd done proper due diligence. If they'd even listened to the advice of the right people, they may well not have paid over the odds.
But, it isn't looking very good for Lynch either.
Biting the hand that feeds IT
