Our expert team in M&A managed to sh*t the bed again and fail to do due diligence and didnt check whether some software was transferable. No Computer Associates are suing for $80M for copyright infringement..... if only they had an internal team with industry specific knowledge to check stuff like software licensing rules!!!
I wonder how far down the tree the blame for this pile will fall before people get canned.
@h5 because these are the people that incrementally just su-k the $'s out of your bonuses. $80M here, $80M there. No prblem, we'll just sh----n more people. My issue is that as a leadership organisation Allstate think they know it all and have no inclination to listen to even their own SME's. The need to proper governance around due dilligence for license and copyright ownership in M&A's has been raised every year for several years and dismissed. Procurement who create and manage the contracts should have been all over this, legal should have reviewed and dealt with this issues months and month before signing the sale was ever going to happen because CA could have come back and simply said no you aren't allowed, along with any or all other software companies. This then changes the value of the sale and the nature of the work required to maintain legal use of the products.
So yeah, Allstate had been told repeatedly that this needed to be done and it was raised when this divestment was first mooted. Just another example of our leaders knowing best.
Why do you even care about this? How does it impact your day-to-day life other than give you an opportunity to complain about something. Come on man, you’re better than this Skippy.
Did Broadcom just forget they were consulted about it? Did AS get a written letter of acknowledgment of the agreements?
Apparently they did check, and notified Broadcom, but decided that they could proceed. It will all get sorted out in the lawsuit.