IT tycoon Mike Lynch, daughter Hannah found dead
Mike Lynch and his daughter were found dead after their yacht sank off Sicily during a storm. Lynch's wife was rescued, and the search continues for other missing individuals.
Read original article
The bodies of Mike Lynch, the former CEO of Autonomy, and his 18-year-old daughter Hannah have been recovered from the wreck of their yacht, Bayesian, which sank off the coast of Sicily. Italian divers located the bodies inside a cabin of the sunken vessel, which lies approximately 49 meters underwater. Lynch and his daughter were among seven individuals reported missing after the yacht capsized during a storm near Porticello. The yacht was carrying 22 people, including 12 passengers and 10 crew members. The trip was reportedly intended to celebrate Lynch's recent acquittal in a long-standing fraud case related to HP's acquisition of Autonomy. Lynch's wife, Angela Bacares, was rescued and is currently recovering. The search continues for other missing individuals, including a lawyer and an investment bank chairman. The incident has drawn attention due to Lynch's prominence in the tech industry and the tragic circumstances surrounding the yacht's sinking.
- Mike Lynch and his daughter were found dead after their yacht sank off Sicily.
- The yacht was carrying 22 people when it capsized during a storm.
- Lynch's wife was rescued and is recovering from the incident.
- The trip was meant to celebrate Lynch's acquittal in a fraud case.
- The search is ongoing for other missing individuals from the yacht.
Related
UK entrepreneur Mike Lynch reportedly missing after tornado sinks superyacht
A luxury yacht named Bayesian sank off Sicily, resulting in one death and six missing, including British entrepreneur Mike Lynch. The Italian Coastguard is conducting ongoing search and rescue operations.
UK tech entrepreneur Mike Lynch 'missing' after yacht sinks off Sicily
Mike Lynch is missing after the superyacht Bayesian sank off Sicily during a storm. Of 22 people aboard, 15 were rescued, one body found, and six remain unaccounted for.
Mike Lynch is missing after yacht capsized
Mike Lynch, founder of Autonomy, is missing after a yacht capsized off Sicily. His wife survived, one body was recovered, and he was recently acquitted in a fraud case involving HP.
Co-defendants in HP fraud trial pass away just days apart
Stephen Chamberlain, co-defendant of Mike Lynch, died in a car accident shortly before Lynch went missing after a yacht sank off Sicily, following their acquittal of fraud charges.
Mike Lynch's co-defendant in fraud trial 'fatally struck' by car while jogging
Stephen Chamberlain, former finance vice-president at Autonomy, died after being struck by a car while jogging. He was a co-defendant of Mike Lynch, who is currently missing after a yacht incident.
20 commentsDamn...
Angela Barcares, Mike Lynch’s wife, survived. Speaking to the Italian daily La Repubblica while sitting in a wheelchair in a Sicilian hospital, Bacares said she was woken at 4 a.m. local time as the boat tilted.
She said she and her husband were initially not concerned, but became worried when the windows of the yacht shattered.
The yacht sank after a small waterspout – a type of tornado – spun over the Mediterranean island, likely capsizing the boat, which was anchored about a half a mile from the port of Porticello. Eyewitnesses described furious gales and hurricane winds that left a mountain of debris near the pier.
One witness, the owner of a villa looking out to where the Bayesian was anchored, said that after news of the sinking yacht emerged, he watched back his CCTV footage, where the boat could be seen sinking.
“In just 60 seconds, you can see the ship disappear,” he told Italian outlet ANSA. “You can see clearly what’s happening. There was nothing that could be done for the vessel. It disappeared in a very short time.”
...
“Looking at the extreme weather, if it was a water spout, which it appears to be, it’s what I would class as a black swan event,” he said, referring to a rare, unpredictable occurence. “Even outside of the maritime industry, all industries struggle with the black swan events,” he added.
https://www.accuweather.com/en/weather-news/four-bodies-foun...
Pretty horrific and bizarre especially considering his daughter was among the victims. As others have mentioned the 75-meter mast and position of the keel could have been factors but the investigation has to run it's course.
Coincidentally indeed.
"Other missing individuals have been identified by The Independent as: Christopher Morvillo, a lawyer who had represented Lynch and wife Neda Morvillo; Jonathan Bloomer, chairman of investment bank Morgan Stanley International and wife Judy Bloomer."
Oh.
In 2011 HP paid $12B for his company and then claimed it wasn't worth that much, their write-down suggested they thought it was actually worth $4B.
Wikipedia says Autonomy's tech was "[a] variety of enterprise search and knowledge management applications using adaptive pattern recognition techniques centered on Bayesian inference in conjunction with traditional methods"
It sounds pretty niche for a company that isn't already big in search. Has anyone read what HP thought it could do with the tech to get a return ? I feel like there must have been some need that HP had which I'm unware of.
I do appreciate that the reasons large corps do acquisitions, and how, are not always susceptible to reason but Oracle's market cap at the start of 2011 was $160B. What could have made Autonomy worth 7.5% of Oracle to HP ?
That does not sound like something an honest businessman would say, does it? "Hey, here's our numbers, if you believe them, it's your fault."
Of course, HP during and after Fiorina was an all-out shitshow, so there's that, too. Even they couldn't wipe out $8B of value that fast.
https://megayachtnews.com/2024/08/yacht-bayesian-sinks-in-se...
For those trying to find a conspiracy, it seems very improbable for anyone behind Chamberlain and Lynch’s death other than the laws of probability. I know that HP isn’t behind it because HP could never do something successfully.
Related
UK entrepreneur Mike Lynch reportedly missing after tornado sinks superyacht
A luxury yacht named Bayesian sank off Sicily, resulting in one death and six missing, including British entrepreneur Mike Lynch. The Italian Coastguard is conducting ongoing search and rescue operations.
UK tech entrepreneur Mike Lynch 'missing' after yacht sinks off Sicily
Mike Lynch is missing after the superyacht Bayesian sank off Sicily during a storm. Of 22 people aboard, 15 were rescued, one body found, and six remain unaccounted for.
Mike Lynch is missing after yacht capsized
Mike Lynch, founder of Autonomy, is missing after a yacht capsized off Sicily. His wife survived, one body was recovered, and he was recently acquitted in a fraud case involving HP.
Co-defendants in HP fraud trial pass away just days apart
Stephen Chamberlain, co-defendant of Mike Lynch, died in a car accident shortly before Lynch went missing after a yacht sank off Sicily, following their acquittal of fraud charges.
Mike Lynch's co-defendant in fraud trial 'fatally struck' by car while jogging
Stephen Chamberlain, former finance vice-president at Autonomy, died after being struck by a car while jogging. He was a co-defendant of Mike Lynch, who is currently missing after a yacht incident.