[LRflex] Re: OT: Appearing this time on: As The Olympus Turns...
- From: Douglas Sharp <douglas.sharp@xxxxxx>
- To: leicareflex@xxxxxxxxxxxxx
- Date: Fri, 11 Nov 2011 00:57:18 +0100
So the money Leica is getting from Blackstone is going
to be invested in the takeover of Olympus to gain the
foothold in Asia they wanted;-)
Douglas
On 10.11.2011 22:09, Richard Ward wrote:
> http://theonlinephotographer.typepad.com/the_online_photographer/2011/11/required-reading.html#comments
>
> Mike Johnston has some more wonderful links at his T.O.P. Blog regarding the
> Scandal at Olympus.
>
> I highly recommend giving his post and his links a read, especially the two
> pager at the NYTimes site. Wowser Stuff and a good read, too.
>
> Summary: The outline of why Oly was cooking the books, when it started, and
> who started the filleting of the financials, seems to be showing itself. In
> the late 90's Olympus was investing big in fancy market derivatives, was
> rumored to have took a billion dollar shellacking on some trades, but Oly
> denied it and fooled the world with steady eddie Financial Statements and
> Quarterly Reports for twenty some years.
>
> Olympus is now getting it's long delayed shellackin...
> Plus Interest...
> Publicly...
> Live.. and in Technicolor.
>
> May god have mercy on their souls,
> the lawyers won't.
>
> Richard in Michigan
>
> ________________________________
>
> A man is not idle because he is absorbed in thought.
> There is a visible labor and there is an invisible labor.
> - Victor Hugo
> ________________________________
>
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