May 23, 2012: Lynch Is Fired
HP fired Lynch after Autonomy experienced what HP called a "significant decline" in license revenue. Lynch, who reportedly walked away with $800 million from the blockbuster deal, told a U.K. newspaper that HP's decision not to spin off its PC business altered HP's previous plans for Autonomy. "Once it became clear that the new chief executive's strategy was staying more with hardware, it meant some rethinking of the original plan, and its focus on our independence became blurred," Lynch told The Telegraph. Whitman, meanwhile, insisted HP was still bullish on the prospects for Autonomy. "The market and competitive position for Autonomy remains strong," she said.