Path: ...!eternal-september.org!feeder3.eternal-september.org!news.eternal-september.org!.POSTED!not-for-mail From: Simon Clubley Newsgroups: comp.os.vms Subject: Re: HPE going after Mike Lynch's estate Date: Mon, 16 Sep 2024 18:18:28 -0000 (UTC) Organization: A noiseless patient Spider Lines: 38 Message-ID: References: <66e831d0$0$705$14726298@news.sunsite.dk> MIME-Version: 1.0 Content-Type: text/plain; charset=iso-8859-1 Content-Transfer-Encoding: 8bit Injection-Date: Mon, 16 Sep 2024 20:18:29 +0200 (CEST) Injection-Info: dont-email.me; posting-host="373b35ed1166da5041bf6e31e31b7a95"; logging-data="3149349"; mail-complaints-to="abuse@eternal-september.org"; posting-account="U2FsdGVkX19s2scVhhrDLQFvEIBPT6gu4dIKw8dxqHo=" User-Agent: slrn/0.9.8.1 (VMS/Multinet) Cancel-Lock: sha1:mF5cCkB3hmC5nS0HekOpY3krQLw= Bytes: 2585 On 2024-09-16, Arne Vajhøj wrote: > On 9/16/2024 8:31 AM, Simon Clubley wrote: >> Can I assume that, in order to protect the shareholders, they intend to >> go after the HP management who made the purchase decision in the first place >> without carrying out the due diligence checks before buying Autonomy ? >> >> No, I didn't think so. :-( > > The acquisition was done in the very short reign of Leo Apotheker. > > According to Wikpedia he got 7.2 M$ in severance pay, 3.56 M$ > in shares and a performance bonus of 2.4 M$ when he was kicked out > after 10 months. > > And he has done rather well as member/chairman of various > companies boards since then. > > But he does not have 4 B$. > The point is to make an example of him for not following established procedures and hence costing them a _lot_ of money. That way, future executives will be less tempted to do the same thing and hence the shareholders benefit. These people get a _lot_ of money. They should have a level of responsibility that matches earning that amount of money. I wonder if HPE's plan is to try and make Mrs Lynch throw in the towel while she is under extreme emotional stress and hence they can claim some sort of "victory", at least in their little minds ? :-( :-( Simon. -- Simon Clubley, clubley@remove_me.eisner.decus.org-Earth.UFP Walking destinations on a map are further away than they appear.