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LIE LIE and more friggin LIES, Bus. as usual, I guess,,,,,,as pressure mounted on the company to clean house after admitting to covering up losses.

By: capt_nemo in ROUND | Recommend this post (0)
Thu, 24 Nov 11 10:29 PM | 19 view(s)
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http://online.wsj.com/article/SB10001424052970204630904577057650653575564.html?mod=rss_whats_news_us_business

BY JURO OSAWA AND SHAWN SCHROTER

TOKYO—Olympus Corp. said three senior executives had resigned and that current management is prepared to step down once the company's path to recovery becomes clear, as pressure mounted on the company to clean house after admitting to covering up losses.

Olympus said Thursday that Tsuyoshi Kikukawa, who stepped down as chairman last month, and Hisashi Mori, who had been dismissed as executive vice president, formally resigned as board members as well. Corporate auditor Hideo Yamada also resigned, Olympus said. Olympus earlier this month said the three were responsible for hiding more than $1 billion in investment losses dating to the ...




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Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.




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