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IT tycoon Mike Lynch, daughter Hannah found dead
- foxyv 2y agoBayesian. If that isn't a cursed boat name... Bad luck!
- ryanmarsh 2y ago"Coincidentally, Lynch's co-defendant, Stephen Chamberlain, who was also acquitted, died the day of the storm after being hit by a car on Saturday morning in Stretham, England." 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.
- ignoramous 2y agoThe maker says the sailing boat was nearly unsinkable (why won't they?) There are 15 survivors including the Captain, so I doubt foul play. Given that Waterspouts, even the seemingly innocuous ones, are très powerful, it remains the most likely cause of Bayesian's tragedy. https://news.sky.com/story/sailing-yachts-like-mike-lynchs-are-unsinkable-bodies-ceo-of-boat-manufacturing-firm-says-13200883 https://news.sky.com/story/sailing-yachts-like-mike-lynchs-a... / https://archive.md/JKNJ7 https://archive.md/JKNJ7
- jprd 2y agoI mean, I really have to fight my brain from jumping into conspiracy theories at times. This is ABSOLUTELY one of them. Lot of other nasties running around without repercussions, but Karma/Simulation said nay to these cats. It is crazy hard to just shake off the coincidence at times.
- celdon25 2y agoExcept the boat's keel was found to be raised, which is a suspicious red flag here.
- defen 2y ago> Except the boat's keel was found to be raised Can you explain what that means? Like...I vaguely know what a keel is, but what does it mean for it to be raised? Who raises it, and how, or what could have caused it to be raised? What keel configuration would not have been a red flag?
- _whiteCaps_ 2y agoSome (usually larger) boats can have movable keels - lifting or swing. It's usually controlled by hydraulics. If it's in rough weather you'd expect it to be fully extended to lower the centre of gravity. They're lifted when going into shallower areas.
- mermaidnico 2y ago
- cj 2y agoIt sounds a bit less like a conspiracy theory if you consider that the yacht trip was meant to celebrate winning the legal case. Which explains why key people involved in the legal case are missing... they were on the yacht. The only real coincidence is the land and sea accidents happening around the same time.
- tedunangst 2y agoWho were you expecting to be on the yacht?
- lr1970 2y ago> Jonathan Bloomer, chairman of investment bank Morgan Stanley International and wife Judy Bloomer. I am curious, was Morgan Stanley International on that HP deal with Mr Lynch in some capacity?
- eurotexan 2y agoBloomer was head of audit committee at Autonomy, the company in question…
- cperciva 2y ago[flagged]
- blacksmith_tb 2y agoHmm, so you think someone used weather magic to destroy their yacht? It doesn't seem much like a corporate assassination, unless you think the captain was bribed to be a little too far out?
- canadiantim 2y agoIt’s certainly possible, however improbable
- Ancapistani 2y agoYou have to admit, this is quite odd: > In a strange coincidence, another former Autonomy executive who was acquitted alongside Lynch of the fraud charges died days before the sinking of the Bayesian. > Stephen Chamberlain “was fatally struck by a car on Saturday while out running,” his lawyer Gary Lincenberg said in a statement.
- nprateem 2y agoThat was my first thought when I read about that. What are the odds that both defendants die on the same day in "accidents"?
- ianburrell 2y agoExcept it wasn't the same day. Chamberlain died on Saturday, and the yacht sunk on Monday.
- rootusrootus 2y agoThe woman who hit Chamberlain stayed at the scene and is known to police. That's not a great strategy for getting away with murder.
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- _whiteCaps_ 2y agoEntirely speculation here, but this is why I don't like lifting keel sailboats. I'm guessing that it was raised while at anchor which made it less stable.
- brk 2y agoThey were in 160' of water, not sure draft would have been a concern.
- deleted 2y ago[deleted]
- _whiteCaps_ 2y agoRight, but I don't think they were anchored at that depth. It's possible they were in shallower waters but ended up out there because of the storm.
- nexus6 2y agoNo, statements made set it was anchored far out.
- _huayra_ 2y agoThe only real sailworthiness advantage I know if is that if you're sailing with conditions big enough to make you surf (and downwind, i.e. not some weird situation where the wind and the waves are not coming from the same direction), being able to lift the keel helps avoid getting sideways and broaching from the wave trying to pick the boat "up and over the keel" in a sense. Granted, I've only personally verified this with many dinghies I've raced, but on a larger boat the dynamics might not be the same (I still don't have "big boat" money yet lol!).
- deltarholamda 2y agoI'd be more likely to blame the sailplan of the yacht. 56m is a big boat, and the mast was something like 75m, and it was cutter rigged. That's a lot of mast, and you just know the jib and staysail were roller-furled, which means a lot of windage and quite a lot of it up high. Not necessarily a problem, but bad weather has to be handled particularly carefully. The lifting keel was definitely there so he could get his look-at-me boat closer into harbors.
- Mistletoe 2y agoPhoto of The Beyesian: https://megayachtnews.com/2024/08/yacht-bayesian-sinks-in-severe-weather-off-sicily/ 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.
- deleted 2y ago[deleted]
- cozzyd 2y ago[flagged]
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- more_corn 2y agoThis is a really good argument to debunk most complicated conspiracy theories.
- XCSme 2y agoMaybe the coincidence could be explained by the fact that they were both "celebrating". It's more likely to die when you are celebrating?
- lofaszvanitt 2y agoDidn't the captain check the weather forecast or how did this happen? Maybe he was drunk, since everyone celebrated?
- cpncrunch 2y agoThe sailboat right next to it was fine. It was designed to handle storms like this one, although I think there will be questions about that. It seems the windows broke, which let water in.
- nexus6 2y agoIt also had the world’s tallest aluminium mast, which snapped, upsetting the balance. Windows broke so flooding commenced.
- cpncrunch 2y agoAccording to this story, the mast was in 1 piece. Where does your info come from? https://www.euronews.com/my-europe/2024/08/21/bayesian-sinking-what-we-know-and-dont-know-about-the-shipwreck-and-its-missing-passengers https://www.euronews.com/my-europe/2024/08/21/bayesian-sinki...
- lofaszvanitt 2y agoThanks!
- glaucon 2y agoI hope this isn't too far off track ... 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 ?
- Nerada 2y agoProbably for usage with [the now sold off] HP Records Manager.
- minkles 2y agoHP was going through their "who the hell are we?" disaster phase then and hired a useless CEO who got kicked out of SAP.
- DoctorOetker 2y agoI don't know, but I can give you my guess: (projector screen in the business room buzzing as it slowly rolls down as some manager from HP proudly wraps up his warm-up speech) "... and so without further ado: our next revolution in printing, super-resolution printing" (luscious female voice sounds through the high-end HP-desktop speakers nearby) "Imagine a printer that prints documents sharper than the digital file you fed it!" (an overacting commercial of a person walking to the office copy machine with a blurry copy of Implementing Automatic Differentiation Efficiently by Juedes and Griewank https://digital.library.unt.edu/ark:/67531/metadc1207975/m2/1/high_res_d/6502681.pdf https://digital.library.unt.edu/ark:/67531/metadc1207975/m2/... he scans his poor copy-of-a-copy to make yet another copy "only twice removed") "can someone help me copy this decently?" the actor asks out loud, "the output page is worse than the already bad input page" another overacting "colleague" walks over to the HP copy machine, a close up of the buttons is shown "just press 'HP sharp copy' " as the camera scrolls a little more to the right, revealing a big green button boasting a logo of a monk copying manuscripts with a razor blade Out comes a pixel perfect replica of the original document, sharper than the copy it had received. (end of sales pitch demonstration video) "Great Idea! But how will we make it?" the vice president asks The manager behind the promotional video says "Well I've got bad news and I've got good news, I will start with the good news: we believe Lynch can do it for us" "Great, so then whats the problem, lets buy him" the vice president said. "Well here comes the bad news, he doesn't want to work for us, but he's willing to sell us his company" "Great, so how much is it worth, and how much is he asking?" "Well, we believe we will drive out all competition with HP-super-resolution-printing, both from files as well as physical documents, so to us it's worth twice our current value of HP combined, at least" says the manager "Oh thats bad news indeed", says the VP "but perhaps we can play hard-to-get and only offer him $4B, if he doesn't fall for that we offer him $12B" An engineer chokes in his coffee, "$12B?" He stutters something like "I would probably first correct any slant, by looking at the fourier transform, or perhaps cylinder fitting, but to remove the variance on all the characters we could first classify all the characters, then overlay all the A's and sum or average them, the same with all the B's etc... and then" The VP and the manager simultaneously say "Bob, you're fired, you should know by now when you are supposed to shut and and when you are supposed to talk"
- AlbertCory 2y ago> If there had been anything wrong with the numbers, it was on HP to identify and act on that, he said 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.
- brookst 2y agoI don’t really see the problem. If the books are accurate, the accounting treatments to GAAP, the financials audited, the diligence executed faithfully… well, yeah, if they buyer overpaid that seems like a poor business decision on the buyer’s part.
- AlbertCory 2y ago> If the books are accurate A big "if." That seems to be what the trial was about, although I have to admit I haven't followed the evidence. I didn't even know this trial was taking place. Usually the auditors have to sign off on the books, and they're the ones who get sued if they fail to detect fraud. But yeah, HP management's got to be making Dave and Bill spin in their graves. The real carrier of the HP legacy is Agilent and its spinoffs.
- mannykannot 2y agoindeed - Lynch lost a civil fraud case over the matter in a British court in 2022. HP sued its founder and former chief financial officer, claiming they "artificially inflated Autonomy's reported revenues, revenue growth and gross margins". Mr Justice Hildyard said HP had "substantially won" its case. https://www.bbc.com/news/uk-england-cambridgeshire-60170510 https://www.bbc.com/news/uk-england-cambridgeshire-60170510
- AlbertCory 2y agoI'm really wondering what evidence the US jury saw, then. Seems like it should have been a winnable case for the prosecution. Oh well.
- rvz 2y ago[flagged]
- goles 2y agoSeems weather websites actually have great reporting on this. 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-found-in-search-for-those-missing-from-sunken-superyacht/1682998 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.
- djaouen 2y ago[flagged]
- bdjsiqoocwk 2y ago> 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,” Bayesian methods don't deal well with black swans.
- gizajob 2y agoI’ve been pondering the cruel irony of this quite a lot. Double whammy is that his co-accused in the fraud trial was killed by a car the same weekend - https://www.bbc.co.uk/news/articles/c74jzd22dkno https://www.bbc.co.uk/news/articles/c74jzd22dkno Naturally it brought out the conspiracy theorists because the chances of those two events occurring simultaneously seem ludicrously small, like can’t even happen small. But it seems like the statistical gods had other ideas last weekend. It’s a cruel world sometimes, even for the richest.
- aaron695 2y ago[dead]
- bdjsiqoocwk 2y ago> Coincidentally, Lynch's co-defendant, Stephen Chamberlain, who was also acquitted, died the day of the storm after being hit by a car on Saturday morning in Stretham, England. Damn...
- XCSme 2y agoThat's one final-destination-like coincidence....
- lifestyleguru 2y agoThe wealth was supposed to trickle down, not sink and perish. I'm confused by this economy.
- deleted 2y ago[deleted]
- pynchia 2y ago[flagged]
- CRConrad 2y agoWho is it that has the Waterspout Machine? The CIA, the WEF, or the FSB? Bill Gates, Elon Musk, the Illuminati...? (My money is on the Flat Earth Society.)
- michaelDon 2y ago[flagged]
- michaelDonDon 2y ago[flagged]
- michaelvan 2y ago[flagged]
- deleted 2y ago[deleted]
- bradgranath 2y ago... in his boat which sank in a storm last week.