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Japanese shareholders in the giant medical equipment and camera company Olympus are hoping to have put last year’s scandal behind them. In the traditional Japanese way, they have put their trust in the new team at the top, without asking too many questions about how fresh the new faces are, and just how much is likely to change. The man who blew the whistle on the ...
Dr. Stefan Lippert
Olympus, the world-class medical instrument and digital camera maker, took part in a huge cover-up to hide massive losses from failed investments. This report demonstrates that this is a cultural issue in Japan with ineffective outside directors and company boards.
JAPAN’S Olympus scandal goes far beyond issues of ineffec...