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Olympus Downfall

Posted on March 5, 2012 by Dr. O

Here’s the formula Olympus execs relied on: Hide huge losses for years with bookkeeping tricks + fire new foreign CEO who figures it out + be contrite when caught but stay in charge.  They’ve been arrested!  Who’da’thunk?http://www.nytimes.com/2012/02/17/business/global/7-arrested-in-olympus-accounting-cover-up.html

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