20 January 2015

The Autonomy Disaster of HP and its then-CEO Leo Apotheker

HPQ stock chart
HPQ (Hewlett-Packard Company) stock chart (screenshot source: Google.com)


Remember the Autonomy disaster of the HP Board and its then CEO, Leo Apotheker? The latest news--

British Fraud Office Ends HP-Autonomy Inquiry - NYTimes.com Jan 19, 2015: "... After reviewing the Autonomy sale, the British authorities said on Monday that they would end their investigation, though a similar inquiry by the American authorities into potential accounting abuses would continue. “In respect of some aspects of the allegations, the S.F.O. has concluded that, on the information available to it, there is insufficient evidence for a realistic prospect of conviction,” the British authorities said in a statement on Monday."

For background see:

expri.com | tech news: Autonomy, HP -- the Apotheker mess Meg Whitman is trying to clean up: 02 July 2014 and

Views under the Palm | johnmpoole.com: Apotheker's Legacy of Wrecking HP Continues
Jan 8, 2013 ".... "According to a recent report in Fortune, HP CFO Kathie Lesjak tried to stop HP from buying Autonomy for nearly $12 billion ... thinking the price was too high, but she lost that battle to then-CEO Leo Apotheker."

Léo Apotheker - Wikipedia:"Leo Apotheker is a German business executive. He served briefly as the chief executive officer of Hewlett-Packard from November 2010 until his firing in September 2011. He also served as co-chief executive officer of SAP from April 2008 until he resigned in February 2010 following a decision by that company to not renew his contract. During his tenure as chief executive at HP, the company lost more than $30 billion in market capitalization after a series of strategic missteps by the company, leading to his resignation...."

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