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December 7, 2011 06:30 pm GMT
Riding high from a series of mid- to high-level successes in its 2010 and 2011 camera line, Olympus execs could be excused for feeling good. However, as 2011 winds down, Olympus is not in the news for medical imaging devices or micro 4/3s lenses. Instead, it's in the news for a scandalous affair that threatens to sink the company and has already claimed the company's board.It was a cover-up, and a huge one at that, and some are calling it the the biggest corporate scandal in Japan since the 1990's. And while the technical illegality of what went down is certainly not up for debate, the word "scandal" deserves a closer look.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/JUduk9efDWk/
Down From Olympus: Whats Going On At The Beleaguered Camera Company?
Riding high from a series of mid- to high-level successes in its 2010 and 2011 camera line, Olympus execs could be excused for feeling good. However, as 2011 winds down, Olympus is not in the news for medical imaging devices or micro 4/3s lenses. Instead, it's in the news for a scandalous affair that threatens to sink the company and has already claimed the company's board.It was a cover-up, and a huge one at that, and some are calling it the the biggest corporate scandal in Japan since the 1990's. And while the technical illegality of what went down is certainly not up for debate, the word "scandal" deserves a closer look. Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/JUduk9efDWk/
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