Hard Time for Olympus?

8th of November

Olympus Japanese companies are right into a financial scandal. The scandal is about the 687$ million payment that was not relevant to the company operation while the official version from the Chairman Kikukawa mentions those spending as losses. The chairman Tsuyoshi Kikukawa resigned after all those accusations. He was not able to redress the situation so the easiest way for him to get away with that much money spend with no relevant reason was literally to get away. This is the biggest financial fraud in the Japan history and this might help the government in a certain way: it will redirect the journalist and popular judgment toward that issue instead of being locked on every government moves to get out of the financial and nuclear crisis.
Update on the 14th: Olympus supporter think that one of the best thing they could do is to rehire the Briton that worked 30 years for that company and has been chairmen. The Briton, Michael Woodford is the most competent CEO that has worked for the company and he might be the only one able to restructure the company to get out of the 80% loss in stock value since October 14th.