Meg Whitman Says HP Was Defrauded By Autonomy; HP Stock Plunges

Posted by timothy on Tuesday November 20, 2012 @05:15AM from the damn-english-ravines dept.

McGruber writes "CNBC is reporting that Meg Whitman claims HP was defrauded in its purchase of Autonomy. 'We believed there is a willful effort on the part of certain members of Autonomy management to mislead shareholders when Autonomy was a publicly traded company, and to mislead potential buyers including HP,' Whitman said. 'We stand by the forensic review that we've seen,' she added. I wish her the same level of success I had when I filed an eBay claim." Also covered at SlashBI, which names the write-down damage: $8.8 billion.

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Re:Meg, Carly by shawn(at)fsu · 2012-11-20 05:20 · Score: 5, Informative

She wasn't the CEO of HP when the acquisition happend this one isn't her fault.

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500 dollar reward for tip(s) leading to the arrest of the person(s) who stole my sig.
Re:Meg, Carly by localman57 · 2012-11-20 05:30 · Score: 5, Informative

She wasn't the CEO of HP when the acquisition happend this one isn't her fault.
It's at least partially her fault. Per the FA:

In an interview with CNBC, Whitman said she regretted voting to approve the deal with Autonomy,