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Quo vadis Olympus?
#1
I just found an interesting article about some strange things that are going on

at Olympus ...



http://www.heise.de/newsticker/meldung/E...62470.html



... which drove their equity price into a 25% falldown. (Unfortunately the

article is in german only).



I'm asking myself, if we see the beginning of the end of olympus.



Rainer
#2
Here's a thread. The first post in the thread is a link to the ex-ceo public statements of corruption:



http://forums.dpreview.com/forums/readfl...845&page=1



-

Most of the thread is junk but there are a few decent bits. Basically ceo claims he was ousted due to asking about irregular payments. Who knows what really happened ?
#3
They need some independent auditing I guess.
#4
Chairman Kikukawa quits - but keeps his position as director.



http://mobile.bloomberg.com/news/2011-10...ostread%2F
#5
Ever darker clouds over Olympus.



http://www.nytimes.com/2011/11/18/busine...okotabuchi



$4.9 billion disappeared during years 2000-2009. Strong stuff, really.
#6
[quote name='Sammy' timestamp='1321606370' post='13023']

Ever darker clouds over Olympus.



[url="http://www.nytimes.com/2011/11/18/business/global/japanese-police-investigate-olympus.html?_r=2&ref=business?ref=hirokotabuchi"]http://www.nytimes.c...f=hirokotabuchi[/url]



$4.9 billion disappeared during years 2000-2009. Strong stuff, really.

[/quote]



Apart from the moral behind all this - how were they able to survive this financially ?
#7
[quote name='Klaus' timestamp='1321609354' post='13024']

Apart from the moral behind all this - how were they able to survive this financially ?

[/quote]



That is an interesting question indeed. It is also an interesting question, whether they are going to survive what is ahead of them. I assume they will be facing some heavy fines for violating various lawa, rules and regulations.



However as an Olympus user things are not all bleak, since there is Panasonic manufacturing kit for the mFT system. Stuff is reasonably compatible (apart from the different interpretation of image stabilisation). No other system offers two manufacturing companies offering cameras, lenses, else. Still I hope they can survive this.
enjoy
#8
“The management was rotten to the core, and infected those around it”



http://www.nytimes.com/2011/12/07/busine...ml?_r=1&hp





Rotten to the core and guilty of using bad sensors one is tempted to add. Hard to believe that there were no links to the Yakuza.
#9
I feel very sorry for the Olympus engineers who have devoted their lives to producing excellent optical equipment at a good price, especially microscopes of many kinds, with cameras only part of their output. It was the bean-counting side of the company that let them down.
  


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