Monday, October 24, 2011

Endangering Reputation 

This kind of situation, even for an international company, is dangerous to its reputation.  Excessive payments to advisers smacks of something illegal or, at least, out of bounds.  Firing the CEO because he questioned the payments only looks worse.  Now the FBI is involved, which means that  Olympus will be under a cloud for weeks to come, if not months.  One wonders whether the acquisition was worth the plummet in the company's stock value and the trouble that it has caused.  


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