Here's a couple more Olympus disclosures to illustrate
What was done (the fraudulent scheme explained in graphical form)
http://www.olympus-global.com/en/corc/ir/tes/pdf/nr111207.pdf
What is proposed in the immediate future to fix the problem
http://www.olympus-global.com/en/corc/ir/tes/pdf/nr111207_2.pdf
Piers
-----Original Message-----
From: Nathan Wajsman [mailto:photo@xxxxxxxxxxxxxx]
Sent: 13 December 2011 08:47
To: Olympus Camera Discussion
Subject: Re: [OM] ( OM) Olympus Corp woes
Do you have inside information from dealings with the company, or are you
just speculating? If the former, you should contact relevant authorities, if
the latter, then you might as well entertain us rather than being a tease.
Cheers,
Nathan
Nathan Wajsman
Alicante, Spain
http://www.frozenlight.eu
http://www.greatpix.eu
http://www.nathanfoto.com
PICTURE OF THE WEEK: http://www.fotocycle.dk/paws
Blog: http://nathansmusings.wordpress.com/
YNWA
On Dec 12, 2011, at 6:22 PM, Ken Norton wrote:
> The week the scandal broke, I wrote an article for www.zone-10.com
> which outlined what I had perceived as a deeply imbedded dishonesty
> throughout multiple tiers of Olympus. In it were numerous examples
> which dated back to around 1990. In it I even named names.
>
> Wisely, I chose NOT to publish it. I was already accused of dumping on
> Olympus as it was and being an Olympus Hater. This article would have
> pushed that over the edge. The article will never be published either
> and been mostly dismantled (cut and paste for other things).
>
> But, sadly, much of what I wrote has since been revealed to be true.
>
> Two things I was taught many years ago:
>
> 1. Ask "why" five times.
> 2. Check your premise.
>
> When something is not smelling right, ask "why" it isn't smelling
> right. The answer given you ask "why" to again. Repeat this up to five
> times and the root cause is usually found. So far, in this Olympus
> scandal, the question has only been asked two or three times. We're
> still not done yet.
>
> Secondly, when something doesn't smell right, we need to check the
> premise of what it is we are expecting it to smell like. Smelling
> funky is fine if you work at the landfill, but not at the butcher's
> shop. When the butcher is telling you to not worry about the smell,
> you need to worry about the smell. When the bulldozer driver is
> telling you that the rank odor at the landfill is normal, you don't
> need to worry. At this point, Olympus (the butcher) is spraying a lot
> of air-freshener around, but something is still rotting in the meat
> case.
>
> AG
> --
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>
>
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