Nice article from the New York Times about the Olympus saga.

Today Olympus made his biggest share value gain since 1973! After Mr. Kikuawa resign the shares went up by 23%! Some readers asked me to highlight an argument in defense of Olympus: Not all $687 million fees where paid cash! The sum includes a $443 million buyback of preferred shares.

And there is one more article you have to read. It explains the difference and clash between two different mindsets, the western philosophy from Woodford versus the traditional way of doing business from Kikukawa. You can read it here: http://www.nytimes.com/2011/10/27/business/global/olympus-chairman-resigns-amid-widening-scandal.html?pagewanted=1&_r=2&hpw (Thanks Thomas for sending me this).

P.S.: I am a big fan of Olympus company and history. And I truly wish that story can soon be over. I want to talk about future cameras again :)

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