The Rest Is Money 192. Can We Cope With Trump’s 15% Permanent Global Tariff?
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Jul 23, 2025 The podcast dives into the ruthless world of capitalism, highlighting personal tragedies alongside corporate dramas. It dissects the ongoing legal battle involving Hewlett-Packard Enterprises and Mike Lynch's estate, questioning corporate ethics. A fascinating look at the implications of a proposed 15% global tax reveals potential seismic shifts in the economy. Discussions of 2025 suggest it could be a transformative year, with geopolitical tensions and AI's impact on the workforce. Historical parallels, like the Great Fire of London, add a gripping layer to the conversation.
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Autonomy's Tragic Legal Saga
- Mike Lynch, founder of Autonomy, tragically died in a yacht accident after a fierce legal battle with Hewlett-Packard Enterprises (HPE).
- HPE won a court ruling claiming £740 million from Lynch's estate, which could bankrupt his widow despite her own wealth.
Court Blames HP's Own Failures
- The court ruled most of HP's loss on Autonomy stemmed from HP's own incompetence, not solely from fraud.
- This case reflects badly on both Autonomy and Hewlett-Packard's due diligence and management.
Prioritize Rigorous Due Diligence
- Companies must conduct thorough due diligence to verify financial figures during acquisitions to avoid legal disputes later.
- Buyers should carefully consider valuation risks since post-acquisition price disputes can arise if fraud is suspected.