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Olympus Fraud/Scandal
  
 
bobbytan
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p.1 #1 · p.1 #1 · Olympus Fraud/Scandal


http://www.bbc.com/news/business-39741921

http://www.economist.com/news/books-and-arts/21567046-what-really-happened-japans-premier-camera-maker-paying-price-doing-whats-right

https://en.wikipedia.org/wiki/Olympus_scandal



May 01, 2017 at 09:50 PM
Sagar
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p.1 #2 · p.1 #2 · Olympus Fraud/Scandal


If Olympus really gets its money back it would be really great news for the company


May 02, 2017 at 10:22 AM
conyon
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p.1 #3 · p.1 #3 · Olympus Fraud/Scandal


Japan's corporate governance culture is very different to the US model. In the US Sarbanes-Oxley & Dodd-Frank have stringent penalties for intentionally misleading stockholders; and severe penalties for fraud. For Olympus owners to get back about half a billion USD of their money, if it happens, is a good signal and outcome ....


May 02, 2017 at 04:09 PM
Pavel
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p.1 #4 · p.1 #4 · Olympus Fraud/Scandal


These are fines the former Olympus executives were given for hiding Olympus losses from stockholders (and the rest of us). I don't think the money goes back to Olympus Corp, the same as here, where it is paid to our friends in Government. Hmmm. Seems it would only be fair that it go to stockholders - but fair is a concept that rarely get put first.


May 04, 2017 at 12:45 AM







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