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Meg Whitman Admits That HP 'Paid Too Much' For Autonomy

Business Insider - 16 Jan 2013 23:41
Meg Whitman Admits That HP 'Paid Too Much' For Autonomy "We paid too much. No question about it," CEO Meg Whitman said about HP's $11 billion acquisition for Autonomy that has turned into a giant mess, complete with an investigation by the Department of Justice. But the fault for the mess doesn't lie with the HP board who approved the deal (and that includes Whitman herself) she says, but with auditors Deloitte. To recap: In November, HP announced that it was writing off $8.8 billion of that $11 billion purchase and that about $5 billion of the write...
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