U.K. tech tycoon and Morgan Stanley boss among those missing in yacht disaster
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 20 August 2024
⏱️ 6 minutes
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Summary
From the BBC World Service: Morgan Stanley International bank chairman Jonathan Bloomer and British tech entrepreneur Mike Lynch are among the six still missing after a yacht sunk in bad weather in Sicily on Monday. One body has been recovered. We’re hear the latest on the incident and learn more about those missing. And later, a Scottish horror film has finally been released — 17 years after filming first got under way.
Transcript
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| 0:00.0 | One of the UK's best known tech entrepreneurs and top executives are missing as a yacht sinks near Sicily. |
| 0:08.0 | Hello, this is the Marketplace Morning Report and we are live from the BBC World Service. |
| 0:12.0 | I'm Leanna Byrne and good morning and thanks for |
| 0:14.2 | tuning in. Now just after we wrapped up yesterday's show, news broke that a yacht sank in bad |
| 0:20.0 | weather off the coast of Sicily, in and Italy. 15 people were rescued but six |
| 0:25.2 | are still missing. One man's body has been recovered. Among the missing are Jonathan |
| 0:29.8 | Bloomer who's the chairman of Morgan Stanley International, British tech entrepreneur Mike Lynch. |
| 0:36.0 | The BBC's Mark Loean has the latest from Sicily. |
| 0:38.6 | The Italian media has named the six missing as Mike Lynch, the British tech entrepreneur, his 18-year-old daughter |
| 0:45.1 | Hannah, one of the lawyers for Mr Lynch in his US legal deals, Chris Morvillo from Clifford Chants, and his wife, Nada. The president of Morgan Stanley International, |
| 0:56.2 | Jonathan Blumer and his wife Anne. They are also saying that the one body that was |
| 1:01.7 | recovered from the water yesterday was the chef of the yacht, Ricardo Thomas, who was Canadian born. |
| 1:07.0 | Mark Loehlen there. Mike Lynch co-founded the software company, Autonomy, which was later bought by Hewlett Packard for $11 billion. for 11 billion dollars and that led to an intense 13 year legal battle. |
| 1:18.3 | The BBC Zoe Kleinman can tell us more about him. |
| 1:21.0 | Hi there. |
| 1:22.0 | Hi Zoe who is Mike Lynch? We've heard him being referred to as Britain's Bill Gates. |
| 1:27.4 | He's been involved with companies like autonomy and Dark Trace. What's his story? |
| 1:31.5 | He is an incredible character. He's had such a roller coaster career. He's a |
| 1:36.9 | Cambridge graduate from the UK. He founded a software company called |
| 1:41.3 | autonomy, which was kind of a pre-runner to modern AI tools in a way. |
| 1:46.8 | It developed software that could extract data from phone calls and emails and it was bought by HP in 2011 for 11 billion dollars which back then was even more of an eye-watering sum than it is now. |
| 2:01.0 | But very quickly, HP decided that it had been overvalued and they wrote off |
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