LONDON, June 6- Former Hewlett-Packard boss Meg Whitman denied on Thursday she was trying to protect her own reputation when she accused the leaders of Autonomy, the British software firm HP acquired in 2011, of a fraud that inflated its value by $5 billion. In a second day of testimony at London's High Court, Whitman was asked by the counsel for Mike Lynch,...
Sushovan Hussain, 55, was also fined $4 million and ordered to forfeit $6.1 million by U.S. District Judge Charles Breyer in San Francisco.
Sushovan Hussain, 55, was also fined $4 million and ordered to forfeit $6.1 million by U.S. District Judge Charles Breyer in San Francisco. Hussain and former Autonomy Chief Executive Mike Lynch are also defendants in a $5 billion civil fraud trial in London's High Court, where Hewlett-Packard claimed they caused it to overpay for Autonomy by fraudulently...
LONDON, March 25- British entrepreneur Mike Lynch artificially inflated revenue at his Autonomy software company before selling it to Hewlett Packard for $11 billion, the U.S. firm's lawyer told a London court on Monday. HP is suing Autonomy founder Lynch, once hailed as Britain's answer to Bill Gates, along with his former finance chief Sushovan Hussain for $5...
LONDON, March 22- Mike Lynch, once hailed as Britain's answer to Bill Gates, faces Hewlett-Packard in London's High Court on Monday in a multi-billion dollar showdown over the U.S. technology company's 2011 purchase of the Autonomy software business he founded. HP is seeking damages of around $5 billion from Lynch and his former colleague Sushovan Hussain,...
March 22- U.S. prosecutors on Friday added three new criminal charges to their indictment against British entrepreneur Mike Lynch related to the $11.1 billion sale of his software company Autonomy to Hewlett-Packard in 2011.. Lynch faces a new charge of securities fraud, which carries a maximum prison term of 25 years, as well as additional charges of wire...
Two of Hewlett-Packard's most powerful executives, until they were sidelined by CEO Meg Whitman, are preparing to leave the company soon.
SAN FRANCISCO, Oct 3- Hewlett-Packard offered a 2013 earnings outlook on Wednesday that underscored slow progress on CEO Meg Whitman's turnaround plan and decelerating technology spending worldwide, sending its shares to a nine-year low.
SAN FRANCISCO, Oct 3- Hewlett-Packard o ffered a 2013 earnings outlook on Thursday that underscored slow progress on CEO Meg Whitman's turnaround plan and decelerating technology spending worldwide, sending its shares to a nine-year low.
SAN FRANCISCO, Oct 3- Hewlett-Packard Chief Executive Meg Whitman on Wednesday blamed unprecedented executive turnover in past years for dragging out the turnaround of the sprawling Silicon Valley computing giant.
A global corporation is no less likely to make questionable executive hiring decisions as the average small business, and CEOs of major corporations have the short tenures on their resumes to prove it.
How much would you pay for advice that turned out to be questionable? Would about $81 million sound unreasonable?
CNBC's Herb Greenberg has the latest details from Hewlett-Packard's conference call and its "operational execution" problems, and the Fast Money traders weigh in on leaks coming from the HP's board, and what is causing the drastic drop in Morgan Stanley's stock.
The mystery isn’t why Hewlett-Packard is likely to part ways with its chief executive, Léo Apotheker, after just a year in the job. It’s why he was hired in the first place. The New York Times reports.
Rob Enderle, Enderle Group, says the leaks coming from HP are driving premature decisions and may be limiting choices for the board. Also, the Fast Money traders weigh in with the play on the stock.
In May 2011, Facebook CEO Mark Zuckerberg bought a $7 million home in Palo Alto, California. Click to see the homes of CEOs in sectors such as technology, energy, fashion and more.
But is the stock a buy? The "Mad Money" host weighs in.