Friday 28 July 2017

Autonomy ex-boss pens angry letter

MIKE Lynch, the former chief executive officer of software company Autonomy, called on Hewlett-Packard to explain its allegations that Autonomy falsified financial statements that led to a $8.8bn (€6.6bn) writedown.

Mr Lynch, in a letter sent to news organisations, asked Hewlett-Packard's board for "immediate and specific explanations" of its claims, along with supporting documents.

By making a direct appeal to the board, Mr Lynch is effectively bypassing Hewlett-Packard CEO Meg Whitman, who fired him in May for poor performance at Autonomy.

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