Wednesday, November 9, 2011

Olympus Melts Down – オリンパスのメルトダウン


I was curious to see what would pop out of Olympus as I had read the articles of FACTA magazine Aug and Oct issues that reported something burning behind the M&A's by this top brand corporate. And its outcome was just outrageous. At best they will be kicked out of stock listing, or the worst will be the dissolution like the case of Snow Brand.

TIME that reported details of former CEO Woodford’s dismissal concludes as follows in the most recent article regarding the scandal:
“But the Olympus scandal shows that local boardrooms can still be secretive, deceitful and perhaps even criminal. Those, alas, are still Japan's rules of capitalism. “

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