As The Olympus World Turns

[JoeDif]

Is anyone else following the corporate soap opera that has surfaced over the past few days regarding Olympus Japan, their fired CEO, and questionable payment and accounting transactions related to previous acquisitions?

 

[boBQuincy]

I love the part where the board fired him and told him to take a bus to the airport!

 

[JoeDif]

I love the part where the board fired him and told him to take a bus to the airport!

I've got a feeling before this is all over some on the board may be on that same bus.

 

[Pugrpooh]

I've got a feeling before this is all over some on the board may be on that same bus.

I think you may be right, Joe. With all the things coming out about this, a shake up looks to be in order. I still love my Oly cameras though, but it may make me consider buying an E-P3, or its successor if there is one, sooner than I would have.

 

[Daisy14'sDH]

Thebrand is pretty strong, I dont think that it will disappear, but it seems that there may be a refocusing of the company branding coming very soon...

 

[JoeDif]

Thebrand is pretty strong, I dont think that it will disappear, but it seems that there may be a refocusing of the company branding coming very soon...

The more I read on this, the more it looks like the board was transferring assets (cash) out of the company to leave debt behind, currently about $9B.

I'm not seeing an Olympus in 6 months to a year that looks anything like the Olympus of today. I'll wait to see who goobles up their Imaging Division (Panasonic or Fuji?) or I may need to switch brands at some point.