• Former H-P CEO Léo Apotheker + floating giant head


    H-P Wasn’t Going To Let A Little Fraud Stand In The Way Of Acquiring Autonomy

    There’s a lot going on in today’s Wall Street Journal story about how Hewlett-Packard “missed a chance to back away” from its acquisition of Autonomy – which H-P now thinks did a lot of revenue recognition fraud and on which it has taken zillions of dollars of writedowns – but this description of the board’s […]

    / Jan 22, 2013 at 1:25 PM
  • No no guys this one is different


    Autonomy’s Bankers Were A Little Too Good At Their Jobs

    What do you think of this? Meanwhile, the most controversial banker involved in the HP-Autonomy deal, Frank Quattrone of Qatalyst, represented Autonomy and played a key role in getting HP to pay a high price. … Analysts almost uniformly deemed the $11.1 billion he got HP to pay for Autonomy as overly rich – a […]

    / Nov 21, 2012 at 12:04 PM
  • Autonomy founder Mike Lynch. It's basically impossible to pose for a picture in a business story and not, in hindsight, look like you were up to no good. Kweku Adoboli probably did the best job of it but look where that got him.


    HP Thinks That Autonomy Extracted A Bit Too Much Meaning From Its Enterprise Data

    I don’t know much about this Autonomy thing – in brief, Hewlett-Packard acquired British software company Autonomy last year for $10.3 billion and today wrote that investment down by $8.8 billion, blaming $5 billion of that on “accounting improprieties, misrepresentations and disclosure failures” at Autonomy – but this sure sounds fake doesn’t it? Today, Autonomy […]

    / Nov 20, 2012 at 12:28 PM
  • News

    Frank Quattrone Probably Didn’t Want Everyone To See This Particular Pitchbook

    People who have real jobs are sometimes surprised to learn how much of investment banking consists of hopeless pitching. Your team puts together a forty-page slide deck with sixty pages of appendices, proofreads it repeatedly, updates numbers every day for two weeks, and prints a dozen glossy spiral-bound copies. Then you lug them halfway across […]

    / Sep 29, 2011 at 1:00 PM

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