scandal

Pixiq Expert

2 months ago

Olympus' new board - in the shadow of the old one?

Finally, the scandal-ridden board of Olympus has resigned. Their situations were pretty much untenable, and they had said that they would go. But only when they were ready and only after they'd appointed the new board. They made their new appointments this [...]

Daniela Bowker

Pixiq Expert

3 months ago

Arrests at Olympus

There's not masses to report here, but it would seem as if former Olympus chairman Tsuyoshi Kikukawa, former Vice President Hisashi Mori, and former auditor Hideo Yamada have all been arrested by Japanese authorities for their parts in the scandal that has [...]

Daniela Bowker

Pixiq Expert

4 months ago

Potential law suits left, right, and centre at Olympus

Olympus has announced that it's considering embarking on legal proceedings against current and former executives for landing it in one of the juiciest accounting scandals in the history of Japanese business. An external investigation has pointed fingers at ten [...]

Daniela Bowker

Pixiq Expert

5 months ago

Authorities raid Olympus' HQ

I'm guessing that 'Authorities raiding the office' was pretty close to the bottom of Shuichi Takayama's, the President of Olympus', wish-list. But that's just what has happened, as a team of prosecutors attempts to get to the bottom of the accounting [...]

Daniela Bowker

Pixiq Expert

5 months ago

What now for Olympus?

If you were Shuichi Takayama, President of Olympus, what would you do now? Olympus has just escaped, by a whisker, being delisted from the Tokyo stock exchange. The financial reports that were submitted on 14 December to prevent this grizzly fate showed an [...]

Daniela Bowker

Pixiq Expert

5 months ago

Olympus' management was rotten, but it wasn't linked to organised crime

The full report is 178 pages long; the summary is 38 pages. Olympus' own investigation into just what has been going on in its company was conducted by five lawyers and one accountant. It unearthed lots of very dodgy financial transactions and a culture at the [...]

Daniela Bowker

Pixiq Expert

5 months ago

More resignations and now FBI-involvement at Olympus

Watching the corporate goings-on at Olympus unfold before our eyes is akin to watching the dance of the seven veils: it's constantly tantalising and lurid, there's a sharp intake of breath with the removal of the next layer as we can't possibly imagine that [...]

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