scandal
December 14, 2011
Retired sumo behemoth Konishiki, now a popular TV celebrity, faces possible criminal charges over an altercation with a passer-by while walking his dog on a Tokyo street.
December 07, 2011
The entire board of Olympus Corp. on Dec. 7 signaled its plans to quit, maybe as early as February, over a $1.7 billion accounting fraud, and set up an outside committee to...
December 05, 2011
An investigative panel has found Japan's disgraced Olympus Corp. hid up to $1.67 billion in losses from its investors, but is likely to say there is no evidence of involvement...
December 01, 2011
TOKYO/NEW YORK--The whistleblower in the accounting scandal engulfing Japan's Olympus Corp., ex-CEO Michael Woodford, quit the firm's board of directors on Dec. 1 and called...
November 30, 2011
Japanese authorities may take weeks to make any arrests over the accounting scandal at Olympus Corp, though initial findings by an investigative panel of experts are due to be...
November 30, 2011
Documents unearthed by Reuters show a new link between Japan's Olympus Corp and a veteran banker at the center of an accounting scandal engulfing the firm, as attention focuses ...
November 30, 2011
Japan's disgraced Olympus Corp. sought to reassure investors on Nov. 30 that it would meet a Dec. 14 deadline to iron out its accounts, as its shares briefly sank on concerns...
November 25, 2011
Former Olympus Corp. CEO Michael Woodford slammed fellow senior executives of the firm for doing a “great job of wrecking it,” but said his first board meeting since being...
November 23, 2011
Olympus Corp. executives have given contradictory explanations about a British company acquired in 2008, with the latest comments suggesting large gains given to a financial...
November 23, 2011
NARITA--Former Olympus Corp. CEO Michael Woodford said on Nov. 23 that Tokyo police were best able to get to the truth behind one of Japan's biggest accounting scandals, as...
November 19, 2011
More than 70 billion yen ($909.58 million) paid by Olympus Corp. in the acquisition of three Japanese start-ups between 2006 and 2008 was funneled into six investment funds...
November 11, 2011
Olympus Corp. will have to clear several hurdles to avoid being delisted, which would seriously constrain its means of financing and limit its options for making a quick...
November 10, 2011
Tokyo's stock exchange warned scandal-hit Olympus Corp on Nov. 10 it will be delisted after 62 years as a publicly traded company if it fails to report earnings by Dec. 14,...
November 09, 2011
Like many other Japanese corporations, Olympus Corp. invested heavily in risky financial derivatives during the asset-inflated bubble economy of the late 1980s. And like the...
November 09, 2011
A panel of outside experts concluded in 2009 that Olympus Corp.'s spending of 140 billion yen ($1.79 billion) on acquisitions was appropriate after the purchases were...
November 09, 2011
Olympus Corp. Chairman Tsuyoshi Kikukawa had nothing but praise for Michael Woodford, an up-an-coming executive expected to expand the company's presence around the world.
November 09, 2011
Southeastern Asset Management Inc., a U.S. investment firm with about a 5-percent stake in Olympus Corp., called for the immediate resignations of four senior management...
November 09, 2011
Takachiho Seisakusho, the forerunner of Olympus Corp., was founded about 90 years ago during the middle of the Taisho Era (1912-1926).
November 07, 2011
Michael Woodford, the ousted president of Olympus Corp., complained that Japanese investigative authorities are dragging their feet in following up allegations, raised by him,...
October 31, 2011
The dramatist and poet Shuji Terayama (1935-1983) once observed that real gamblers enjoy gambling on the "inevitablitily of losing," not on winning by a fluke. Losing is said...