THE SHIPWRECKED LEGACY OF MIKE LYNCH
Fortune US|October - November 2024
THE BRITISH TECH MOGUL SOLD HIS COMPANY FOR $11 BILLION, THEN SPENT YEARS FIGHTING FRAUD CHARGES. HIS SHOCKING DEATH HAS LEFT MANY UNANSWERED QUESTIONS ABOUT HIS LIFE.
MICHAEL DEL CASTILLO, LILA MACLELLAN AND RYAN HOGG
THE SHIPWRECKED LEGACY OF MIKE LYNCH

IT WAS A SUNNY AUGUST MORNING when software entrepreneur Mike Lynch, 59, gathered nine of his closest friends, along with his wife and daughter, on the dock of Porto di Milazzo, on the northern coast of Sicily. They had come to celebrate his freedom. Only months before, several of the guests played crucial roles in persuading a San Francisco jury to acquit Lynch of federal charges related to the $11 billion sale of his software firm, Autonomy, to Hewlett-Packard (HP).

Five days after the yacht left port, Lynch, his daughter, four guests, and a hired chef were dead in the Mediterranean Sea after a storm flooded the ship. The drowned included the chairman of Morgan Stanley International, a star witness at Lynch's trial, as well as one of Lynch's lead defense attorneys. Among the survivors were a former Autonomy exec who went on to become a partner at Lynch's venture capital firm, a second member of his defense team, and Lynch's wife.

As news broke of the drowning, U.K. media reported that Lynch's codefendant in the fraud trial, Stephen Chamberlain, also acquitted, had been fatally struck by a car as he was out jogging near his home outside Cambridge, England-a shocking coincidence.

Several weeks after the tragedy, there remain far more questions than answers. Did the yacht named Bayesian an homage to a statistical theorem for predicting future outcomes - simply fall victim to a terrible storm? How did most of the crew and a few passengers escape, and why couldn't they reach Lynch and the others who did not make it out? (Italian officials are investigating three crew members for manslaughter; no charges had been filed as of late September.)

هذه القصة مأخوذة من طبعة October - November 2024 من Fortune US.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة October - November 2024 من Fortune US.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

المزيد من القصص من FORTUNE US مشاهدة الكل
THE NEW GOLD RUSH
Fortune US

THE NEW GOLD RUSH

Gold prices have soared amid global uncertainty and a central-bank-driven buying spree. But this time, the gold mining industry looks very different.

time-read
10+ mins  |
December 2024/January 2025
A New Season for Giving
Fortune US

A New Season for Giving

As the PGA TOUR kicks off its 2025 season alongside its sponsors in Hawai'i, the organization is continuing to make an impact in local communities.

time-read
4 mins  |
December 2024/January 2025
WELCOME TO ELONTOWN, USA
Fortune US

WELCOME TO ELONTOWN, USA

The small town of Bastrop, Texas (pop. 12,000), has become a home base for Elon Musk's business empire. What comes next is anyone's guess.

time-read
10+ mins  |
December 2024/January 2025
100 MOST POWERFUL PEOPLE
Fortune US

100 MOST POWERFUL PEOPLE

Our inaugural, authoritative ranking of the leaders whose innovation and impact have elevated them to the top of the business world.

time-read
10+ mins  |
December 2024/January 2025
ARE CEO SABBATICALS THE ULTIMATE POWER MOVE?
Fortune US

ARE CEO SABBATICALS THE ULTIMATE POWER MOVE?

WHEN VENTURE capitalist Jeremy Liew and his wife were dating, they talked about how one day they would take a year to travel the world. \"That's how we'd know we'd made it,\" Liew says.

time-read
4 mins  |
December 2024/January 2025
WHAT ARE THE BEST METRICS FOR MEASURING A STARTUP'S POTENTIAL?
Fortune US

WHAT ARE THE BEST METRICS FOR MEASURING A STARTUP'S POTENTIAL?

IN HIS 2012 ESSAY \"Startup = Growth,\" Paul Graham talks about a 5% to 7% weekly growth rate as table stakes for startup success. If you're growing 10%, he says, you're doing \"exceptionally well.\"

time-read
2 mins  |
December 2024/January 2025
TECH POLYMARKET'S ELECTION ACCURACY MADE SHAYNE COPLAN A STAR-BUT AN FBI RAID POINTS TO TROUBLE AHEAD
Fortune US

TECH POLYMARKET'S ELECTION ACCURACY MADE SHAYNE COPLAN A STAR-BUT AN FBI RAID POINTS TO TROUBLE AHEAD

IN NOVEMBER, Shayne Coplan had a week he'll remember for the rest of his life: He got a phone call from the highest echelons at Mar-a-Lago. He went on TV for the first time. And his New York City apartment was raided by the FBI.

time-read
4 mins  |
December 2024/January 2025
WHY BIG TECH IS THE NUCLEAR INDUSTRY'S NEW BEST FRIEND
Fortune US

WHY BIG TECH IS THE NUCLEAR INDUSTRY'S NEW BEST FRIEND

OVER THE PAST several years, Big Tech firms like Google and Microsoft have trumpeted ambitious plans to go carbon-neutral, or even carbon-negative, by 2030. But then the generative-AI boom came along and threw a giant wrench in their plans.

time-read
5 mins  |
December 2024/January 2025
WHAT PALMER LUCKEY, THE MAN REVOLUTIONIZING WARFARE, IS AFRAID OF
Fortune US

WHAT PALMER LUCKEY, THE MAN REVOLUTIONIZING WARFARE, IS AFRAID OF

PALMER LUCKEY, the founder of the $14 billion Al-powered weapons startup Anduril, has become the face of change in the defense industry.

time-read
5 mins  |
December 2024/January 2025
GLOBAL BUSINESS BRACES FOR TRUMP 2.0
Fortune US

GLOBAL BUSINESS BRACES FOR TRUMP 2.0

AROUND THE WORLD in 2024, voters chose change: in South Africa, France, Britain, and Japan. But nowhere does the anti-incumbent trend matter more than in the United States.

time-read
6 mins  |
December 2024/January 2025