HP CEO Meg Whitman: 10 Shocking Statements On Autonomy

Due Diligence Reported To Strategy Not HP's CFO When The Autonomy Deal Was Done

Whitman told Wall Street analysts at the time the deal was completed due diligence for acquisitions reported to the head of strategy rather than to HP's CFO Cathie Lesjak who reportedly raised objections to the acquisition before HP's board of directors. "At the time when I came to the company, I was surprised to find that due diligence and M&A reported to strategy as opposed to the chief financial officer," she told analysts. "I've never seen that before in my career and that's a decision I made [to change HP procedures so due diligence now reports to the CFO] right away before I knew any of this."

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