http://www.abc.net.au/am/content/2011/s3349015.htm
Looks like a bit of skull duggery at Olympus.
yogestee "my posts can be a little colourful"  More info | Nov 16, 2011 21:43 | #1 http://www.abc.net.au/am/content/2011/s3349015.htm Jurgen
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john-in-japan Goldmember 1,208 posts Likes: 1 Joined May 2008 Location: Kamogawa City, Chiba in Japan More info | Nov 16, 2011 22:19 | #2 Time to buy Olympus stock...... JohnW
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tkbslc Cream of the Crop 24,604 posts Likes: 45 Joined Nov 2008 Location: Utah, USA More info | Nov 16, 2011 22:21 | #3 not if they file bankruptcy Taylor
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tkbslc Cream of the Crop 24,604 posts Likes: 45 Joined Nov 2008 Location: Utah, USA More info | Nov 16, 2011 22:35 | #5 So these were very serious allegations and it really rocked Olympus to its core although it's taken a while for the chairman to fall on his sword. I am not sure that was the best phrase to use considering there is some precedence for that in not-to-distant Japanese history. Taylor
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Justaddwata Goldmember  1,330 posts Likes: 8 Joined Oct 2010 Location: Stralian - In Rhode IsIand More info | Nov 17, 2011 00:30 | #6 Sorry did I read that right - $700 000 000 paid to an adviser in the Cayman who closed soon after payment. I am willing to bet there is a whole lot more to that story and I am sure more than a few Olympus employees made out on that deal. Proudly Australian Made!!
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HokkaidoStu Senior Member 326 posts Likes: 8 Joined Jun 2007 Location: Japan More info | Nov 17, 2011 06:58 | #7 tkbslc wrote in post #13411238 I am not sure that was the best phrase to use considering there is some precedence for that in not-to-distant Japanese history. It happened last month when the president of JR Hokkaido (the national rail company) committed suicide after the company ran into some problems (not financial ones either).
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saturnin Goldmember 1,987 posts Likes: 1 Joined Apr 2006 Location: vancouver, BC More info | Nov 17, 2011 08:18 | #8  Permanent banexactly http://www.saturninfloyd.tumblr.com
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freshcargo Senior Member  361 posts Joined Jul 2009 More info | Nov 17, 2011 08:56 | #9 ^ that 1DsMk III, 5DII, 17-40L. 135L. 70-200mmL II. 50mm F/1.4
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I can see Olympus going under. Either Olympus will disappear off the face of the earth (as we know it) or will be merged with another company. Jurgen
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freshcargo Senior Member 361 posts Joined Jul 2009 More info | the brand Olympus will not go away. the company might be split but the name is to valuable. 1DsMk III, 5DII, 17-40L. 135L. 70-200mmL II. 50mm F/1.4
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saturnin Goldmember 1,987 posts Likes: 1 Joined Apr 2006 Location: vancouver, BC More info | Nov 19, 2011 04:58 | #12 Permanent banolympus brand will not go down, whoever thinks they will is not well informed about marketing http://www.saturninfloyd.tumblr.com
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JeffreyG "my bits and pieces are all hard"  More info | Nov 19, 2011 08:43 | #13 Did you buy stock in the former K-mart and General Motors? How'd that work out? My personal stuff:http://www.flickr.com/photos/jngirbach/sets/
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JeffreyG "my bits and pieces are all hard" More info | Nov 19, 2011 08:44 | #14 freshcargo wrote in post #13421386 the brand Olympus will not go away. the company might be split but the name is to valuable. Back to the stock comment though.....even if the name gets picked up by somebody else, the stock of a bankrupt company is worthless. My personal stuff:http://www.flickr.com/photos/jngirbach/sets/
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KCS Member 58 posts Likes: 1 Joined Mar 2011 Location: Walnut Creek, CA More info | I work for a division of Olympus and there really isn't much worry about the ability of the company to carry on. For sure, this is one huge embarrasement, but the company is diverse enough to survive this trouble. It's too early to tell what the fallout is going to be, but I'm optimistic and everyone is working hard to make their groups successful.
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