Inside Informix’ Demise

Here’s the story behind Informix’ revenue restatements, why former CEO Phil White did it and what today’s executives can learn from the experience.

By Steve W. Martin

Long before former WorldCom CEO Bernie Ebbers received 25 years in prison, Phil White resigned from Informix Software amid speculation of accounting fraud. As head of the database software company, White’s decisions were fueled by a combination of corporate pressure and personal ambition. His story — and that of Informix - serves as a cautionary tale for today’s technology executives.

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