In HP-Autonomy debacle, many advisers but little good advice

Comments (8)
BainbridgeBob wrote:

HP buys a company that does “deep dive” analytics, announces they are going to embed spying into every product they can. Now they are crashing and burning. Guess I am not the only one who will no longer buy anything HP.

This is sad because HP was once such a great company. Lets see what Meg screws up next.

Nov 21, 2012 12:40am EST  --  Report as abuse
fromthecenter wrote:

Old Meg did a heckuva job didnt she. Of course, she didnt lose much money in the deal. Must be great to be a ceo, no matter how bad you screw things up you always wind up on your feet with a truckload of cash.

Nov 21, 2012 7:01am EST  --  Report as abuse
yummy8755 wrote:

Oh, the help one gets these days.

Nov 21, 2012 7:26am EST  --  Report as abuse
reality-again wrote:

It’s a monumental failure of judgment on behalf of HP’s top management.
The company’s CEO who’s directly responsible for this catastrophe is still in office, and that’s the most striking part of this story, so far.

Nov 21, 2012 8:43am EST  --  Report as abuse
BidnisMan wrote:

Bah. When a company overpays for something they would prefer to blame someone else. Advisors do not set out to do a sloppy job nor do they want to see deals fail as it leads to articles like this dragging their name through the mud.

Nov 21, 2012 9:23am EST  --  Report as abuse
Willie12345 wrote:

What a mess. A once great company is being mismanaged into the ground. The auditing firms need to be sued out of existence.

Nov 21, 2012 10:00am EST  --  Report as abuse
Bagehot wrote:

This is what happens when accounting becomes an arm of marketing. These are not thick people. Like much of the news industry, too many accountants spend more time trying to sidle up to the alphas than actually reporting.
The day may come when an accountant has to treat every financial statement as a crime scene until proven otherwise. No one gets the benefit of the doubt until everything ties out.
Think straight, talk straight. Remember?

Nov 21, 2012 10:08am EST  --  Report as abuse
giobt wrote:

It’s absurd that multibillion companies listed on Wall Street, where people put their savings,could have as managers unqualified or corrupt leaders that lead them to ruin without going to jail. Ludicrous excuses are not enough.It has become too easy to steal the money of small shareholders

Nov 21, 2012 2:45pm EST  --  Report as abuse
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