[LRflex] The Olympus Scanada - another update
- From: David Young <dsy@xxxxxxxxxxxxxxx>
- To: LRflex <leicareflex@xxxxxxxxxxxxx>
- Date: Sat, 9 Jun 2012 20:41:07 -0700
It seems the price of honesty is high ... for Olympus.
From today's BBC:
> Olympus also approved on Friday a £10m settlement with former chief
> executive Michael Woodford, who was sacked by the company's board
> after raising the accounting irregularities.
Oly is also to cut 2,700 jobs and close 12 factories as part of it's 5 year
plan to "restore financial health" to the firm.
for those interested, the full story is here:
http://www.bbc.co.uk/news/business-18364454
Cheers!
David.
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