...For those following the Olympus mess. A lucid explanation of the core issues as they are now understood, having gradually emerged over the past several weeks. "Corporate Japan Rocked by Scandal at Olympus," by Hiroko Tabuchi, from The World's Best Photography Magazine this morning.
UPDATE: The BBC is now reporting that Olympus has announced it cannot meet its November 14th schedule for reporting its quarterly earnings, and the Tokyo Stock Exchange responded by putting its shares under supervision and warning that Olympus will be delisted unless the earnings statement is issued within one month of the 14th. (Thanks to Mark Roberts for this.)
(Thanks to Vance Cowan)
P.S. Has anyone noticed that this situation seems an eerie parallel to the whole Joe Paterno story line, or is that just me?
Note: Links in this post may be to our affiliates; sales through affiliate links may benefit this site. More...
Original contents copyright 2011 by Michael C. Johnston and/or the bylined author. All Rights Reserved.