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Olympus - Japan's version of Enron?

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Gintaras

Golden Member
Dec 28, 2000
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Strange, US "news" has no word about Olympus scandal? Like nothing has happened in corporate world and no pinocchio lost any $$$ while about 3.9 billion "evaporated" in a few days since last friday ?
 
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Phokus

Lifer
Nov 20, 1999
22,995
774
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Well, it's an international company and not all that big... maybe if it was a company like Sony, people would care.
 

Schadenfroh

Elite Member
Mar 8, 2003
38,416
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Strange, US "news" has no word about Olympus scandal?
That is because corporate greed, white-collar crime and corruption is exclusive to American companies... surely this is a genuine mistake? ;)
 

Fern

Elite Member
Super Moderator
Sep 30, 2003
26,907
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Strange, US "news" has no word about Olympus scandal? Like nothing has happened in corporate world and no pinocchio lost any $$$ while about 3.9 billion "evaporated" in a few days since last friday ?
I googled it and see plenty of news about it.

I also see that 60% of the shareholders are Japanese and that this involves Japanese and British companies/businesses. Given the story is about mysteriously expensive commissions and too-high costs to acquire British firms resulting in the stock dropping I'm not at all sure this should be big news over here. Not yet anyway. Perhaps once there's an explanation we'll hear even more.

It is but one of many foreign companies and/or countries having problems. There's only so much room on the front page of a newspaper.

However, I am now curious about such an extraordinarily large M&A commission/fee and the huge for price paid for those British companies which were written down in the same year.

Fern
 

Dari

Lifer
Oct 25, 2002
17,134
38
91
Yakuza involvement? Wouldn't surprise me considering how organized and how they run their companies and criminal enterprises in Japan.
 
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