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Thursday, 27 September 2012

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EVIL doers end up with the PEN

and will they join Bernie Madoff, the hucksters and corporate rapists and other folk who do the real stealing in society? Not forgetting all the small time theives, like the guy who robs the corner store and who gets punishment far beyond what the crime is really worth.

"Two other former executives, as well as the camera firm itself, filed a guilty plea in Tokyo District Court.

"They face up to 10 years in prison...."

Gee, I think Japan would have been better off simply levying a massive fine against Olympus. The country will probably spend $1.7 billion or more to imprison the firm itself. :-)

A billion here, and a billion there, pretty soon you're talking about real money.

With best regards.

Stephen

@Jeff

Arrrrrggggggghhhhhh! But brilliant :)

Don't mind the book ads, but agree they are too small--at least on my iPad where I usually read TOP. I can barely read the titles and usually can't tell who the author is.

To bad the crooks will never see the inside of a prison if history repeats itself. They will pay some small fine with money stolen from investors and go on their merry way.

For those getting excited over the Sony investment in Olympus they should be aware that Sony money goes to a joint venture with Olympus to develop new medical imaging equipment.

Olympus is very big in endoscopes. Sony sees big money in the future of medical imaging.

It's not about the camera division though that seems to be rubbing off with OM-D (and E-PL5) getting an OEMed FourThirds Sony sensor and Sony EVFs and LCDs. I suspect those are sweeterners for the main deal.

Plus Sony Semiconductor makes money from selling components.

I really, really hope this works out the way Microsoft's investment in Apple in the late '90s did ;-)

If these guys get 10 years prison time, I will eat my E-P3 with my OM-1 as a side dish. The standard has been that executives convicted of white collar crimes get 2 years suspended sentences. Occasionally, some young punk who rattles the cage of the establishment will get longer. The question is, have these crooks embarrassed the country enough to spend actual time in the hoosegow?

They have certainly damaged the reputation of the company overseas and even in Japan. Has Olympus changed? Sure, for one thing, what do you think the odds are that the company will ever appoint a non-Japanese as CEO again?

"..., as well as the camera firm itself, filed a guilty plea in Tokyo District Court.

"They face up to 10 years in prison…."

So, do I buy my OM-D from a warden now?

"If these guys get 10 years prison time, I will eat my E-P3 with my OM-1 as a side dish."

Nooooo!!! Not the OM-1!!!

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