A billion sounds huge but the HP Shareholders still -10 billion (down). Shocking!
what always amazed me about the Mike Lynch HP deal was the absolutely pathetic due diligence exercised for a deal this big ...
heck, there was enough information in the popular press alone about this con artist and his “software” companies, several of which had already sunk under Lynch’s helm (like his yacht) ...
plus, at a minimum these fools could have visited companies that had already purchased Lynch software to see what they had to say about it ... my guess, is that charismatic sociopath Lynch convinced then HP CEO Léo Apotheker to do the deal on the spot in 2011. ...
[Léo Apotheker was fired from his position as CEO of Hewlett-Packard (HP) in September 2011, after only 11 months in the role. His tenure was marked by a significant decline in HP’s stock price and strategic missteps, leading to his dismissal.]