 Olympus fails, RL shadow run |
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  Nov 12 2011, 03:50 AM
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#1
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Prime Runner  Group: Members Posts: 3,577 Joined: 26-February 02 From: Gwynedd Valley PA Member No.: 1,221  |
Just sharing news out of Japan that seems like it could have been a real shadow run. The camera company Olympus is in real trouble. In the last few days it's stock value has dropped by 66% and it is about to be delisted on the tokyo Stock exchange.
A couple of weeks back a high ranking gaijan in the company discovered what he thought were irregularities in the book keeping. Serious issues about reporting losses. He reported what he found and his superior, a senior VP at once fired him. Apparently this guy kept good notes, and I thought I was the only person who kept a dead man switch on my files, and it all went public. The VP had been ochestrating for years that they were hiding loses and failing to accurately report their findings. Evidence is that the president didn't know but there are criminal charges pending on the VP and his agents and the company is on the edge of collapse as investors and regulators express no faith in the company books. which is amazingly bad considering none of this affects the quality of the cameras the company produces. Being any part of htis could be a great run-finding/hiding the evidence. getting rdi of/protecting the whistle blower and finally finmding/hiding evidence or protecting/implicating various company officers. i mean maybe the president did know but he just hid his trail better. Lastly I got this from European news agency's. the Japan Times on line, that plugs itself as the west's window on Japan made NO mention of this at all. |
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Nov 13 2011, 12:43 PM
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#2
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Moving Target Group: Members Posts: 222 Joined: 28-November 09 From: In ur ba5e, killin' ur d00dz. Member No.: 17,910 |
OwO;
Wow. |
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Nov 13 2011, 06:40 PM
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#3
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Prime Runner Group: Members Posts: 3,577 Joined: 26-February 02 From: Gwynedd Valley PA Member No.: 1,221 |
I was in a camera store yesterday and the clerk had heard none of htis but I noticed the Olympus werep retty expensive and all i could think is 'spare parts are gonna get rare."
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Nov 13 2011, 08:07 PM
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#4
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Great Dragon Group: Members Posts: 5,537 Joined: 27-August 06 From: Albuquerque NM Member No.: 9,234 |
QUOTE (Snow_Fox @ Nov 11 2011, 08:50 PM)  Lastly I got this from European news agency's. the Japan Times on line, that plugs itself as the west's window on Japan made NO mention of this at all. Some Japanese papers report it, in at least a general way. http://ajw.asahi.com/article/behind_news/s...AJ2011111217300 But Reuters is a lot better. http://www.reuters.com/article/2011/11/12/...E7MB2UM20111112 |
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Nov 13 2011, 10:51 PM
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#5
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panda! Group: Members Posts: 10,331 Joined: 8-March 02 From: north of central europe Member No.: 2,242 |
Hehe, considered runs from that reads like some kind of Horizon chess game.
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Nov 13 2011, 11:01 PM
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#6
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Immortal Elf Group: Dumpshocked Posts: 14,358 Joined: 2-December 07 From: Winnipeg, Manitoba, Canada Member No.: 14,465 |
With MCT and Renraku getting involved because they want the technology/equipment/talent/everything else the company has. And it's local to them.
EDIT: Also proof you can't trust those shifty gaijan! No work ethic or concept of "Face". (IMG:style_emoticons/default/nyahnyah.gif) |
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Nov 14 2011, 02:20 AM
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#7
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Great Dragon Group: Members Posts: 6,640 Joined: 6-June 04 Member No.: 6,383 |
QUOTE (Snow_Fox @ Nov 11 2011, 10:50 PM) Just sharing news out of Japan that seems like it could have been a real shadow run. The camera company Olympus is in real trouble. In the last few days it's stock value has dropped by 66% and it is about to be delisted on the tokyo Stock exchange. A couple of weeks back a high ranking gaijan in the company discovered what he thought were irregularities in the book keeping. Serious issues about reporting losses. He reported what he found and his superior, a senior VP at once fired him. Apparently this guy kept good notes, and I thought I was the only person who kept a dead man switch on my files, and it all went public. The VP had been ochestrating for years that they were hiding loses and failing to accurately report their findings. Evidence is that the president didn't know but there are criminal charges pending on the VP and his agents and the company is on the edge of collapse as investors and regulators express no faith in the company books. which is amazingly bad considering none of this affects the quality of the cameras the company produces. Being any part of htis could be a great run-finding/hiding the evidence. getting rdi of/protecting the whistle blower and finally finmding/hiding evidence or protecting/implicating various company officers. i mean maybe the president did know but he just hid his trail better. Lastly I got this from European news agency's. the Japan Times on line, that plugs itself as the west's window on Japan made NO mention of this at all. Gai-jin-owned! Take that, cultural tendency not to voice uncomfortable facts! John Wayne throwing a punch: http://www.demotivationalposters.org/59482 |
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Nov 14 2011, 04:17 AM
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#8
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Immortal Elf Group: Dumpshocked Posts: 14,358 Joined: 2-December 07 From: Winnipeg, Manitoba, Canada Member No.: 14,465 |
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Nov 14 2011, 05:14 AM
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#9
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Old Man of the North Group: Dumpshocked Posts: 9,666 Joined: 14-August 03 From: Just north of the Centre of the Universe Member No.: 5,463 |
QUOTE (CanRay @ Nov 13 2011, 11:17 PM) Heh. Late in our marriage, that's what my ex-wife used to tell me whenever I got frisky. |
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Nov 14 2011, 02:26 PM
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#10
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Prime Runner Group: Members Posts: 3,577 Joined: 26-February 02 From: Gwynedd Valley PA Member No.: 1,221 |
kzt that was posted on Saturday, this has been brewing for a while. It's amzing/sickening how slow the japanese press is to report problems with japanese corps.I noticed it when the whole Toyoda issue came up, but politicians, they're ready to string 'em up at short notice.
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Nov 14 2011, 05:14 PM
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#11
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Immortal Elf Group: Dumpshocked Posts: 14,358 Joined: 2-December 07 From: Winnipeg, Manitoba, Canada Member No.: 14,465 |
Different culture, Snow Fox. Maybe they wanted to get facts straight and report accurately instead of being "First to announce the information!" on half-given or misunderstood data.
The Japanese Press has Face they have to be careful with as well. Or I might just be an idiot. |
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Nov 14 2011, 07:35 PM
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#12
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Prime Runner Group: Members Posts: 3,577 Joined: 26-February 02 From: Gwynedd Valley PA Member No.: 1,221 |
Their willingness to slaughter politicians at the drop of a hat, leaping to stories of spoorts fixing etc but easing off of corp stories seems to SR that it's almost funny, or not.
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Nov 15 2011, 02:29 AM
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#13
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panda! Group: Members Posts: 10,331 Joined: 8-March 02 From: north of central europe Member No.: 2,242 |
QUOTE (Snow_Fox @ Nov 14 2011, 04:26 PM) kzt that was posted on Saturday, this has been brewing for a while. It's amzing/sickening how slow the japanese press is to report problems with japanese corps.I noticed it when the whole Toyoda issue came up, but politicians, they're ready to string 'em up at short notice. This is different from elsewhere, how? Seems like other media around the world is also reluctant towards reporting of corporate problems within their own nation. No wonder, as the corporations are prime advertisement space customers... |
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Nov 15 2011, 02:41 AM
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#14
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Immortal Elf Group: Dumpshocked Posts: 14,358 Joined: 2-December 07 From: Winnipeg, Manitoba, Canada Member No.: 14,465 |
How long did it take for us to get reports on Occupy Wall Street that wasn't from the Internet?
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Nov 19 2011, 01:06 AM
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#15
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Moving Target Group: Members Posts: 983 Joined: 26-February 02 Member No.: 326 |
And of course, the Yakuza may be involved. The NYT coverage is pretty exhaustive, for those looking for run inspirations.
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Nov 19 2011, 01:55 AM
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#16
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Prime Runner Group: Members Posts: 3,577 Joined: 26-February 02 From: Gwynedd Valley PA Member No.: 1,221 |
The occupy guys got pretty quick notice. the news corps are so competative in the US they want to be the furst to report any rumor and apologize later if they get it werong. The only time they stay silent is when they have union problems themselves. BUT thenthe other networks delight in reporting on it. So if CBS is having a picket line,they won't report it but ABC, and NBC will give lead coverage.
Besides putting speed over accuracy the one thing with US news services that gets me down is the hopeless cross-promotions for entertainment shows on the same network- ABC is particularly bad at that. |
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Nov 19 2011, 02:03 AM
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#17
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Immortal Elf Group: Dumpshocked Posts: 14,358 Joined: 2-December 07 From: Winnipeg, Manitoba, Canada Member No.: 14,465 |
Or, apparently, entertainment shows that try to pass themselves off as news.
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Nov 20 2011, 12:55 PM
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#18
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Ain Soph Aur Group: Dumpshocked Posts: 3,477 Joined: 26-February 02 From: Montreal, Canada Member No.: 600 |
Unrelated to Olympus (by the way, making cameras is just a sideline for them, they do a lot more), but I didn't want to start a thread jus for that - hers another story to inspire runs. Two Russian oligarch going at each other. Plenty of shadow opportunities (from B&E jobs to steal crucial evidence documents to assassination jobs).
http://www.economist.com/node/21531489 |
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Nov 20 2011, 04:19 PM
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#19
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panda! Group: Members Posts: 10,331 Joined: 8-March 02 From: north of central europe Member No.: 2,242 |
Seems to confirm that the worst scum come dressed in suits...
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Nov 20 2011, 05:17 PM
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#20
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Great Dragon Group: Members Posts: 6,640 Joined: 6-June 04 Member No.: 6,383 |
QUOTE (hobgoblin @ Nov 20 2011, 12:19 PM) Seems to confirm that the worst scum come dressed in suits... LOL, almost everyone has worn a suit. |
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Nov 20 2011, 05:24 PM
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#21
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Immortal Elf Group: Dumpshocked Posts: 14,358 Joined: 2-December 07 From: Winnipeg, Manitoba, Canada Member No.: 14,465 |
QUOTE (hobgoblin @ Nov 20 2011, 12:19 PM) Seems to confirm that the worst scum come dressed in suits... And that's changed... When?
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Nov 21 2011, 01:12 AM
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#22
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Moving Target Group: Members Posts: 983 Joined: 26-February 02 Member No.: 326 |
QUOTE (hobgoblin @ Nov 20 2011, 05:19 PM) Seems to confirm that the worst scum come dressed in suits... Or uniforms. Essentially, the clothing of power, because while power doesn't necessarily make you scum - although some would argue that it does - it certainly exposes scumminess for all the world to see. But that's not the fault of the uniform, or the suit, of even of power: it's the fault of the scum itself. |
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Nov 21 2011, 02:48 AM
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#23
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Prime Runner Group: Members Posts: 3,577 Joined: 26-February 02 From: Gwynedd Valley PA Member No.: 1,221 |
Russia's an amazing mess, add in graph and politico's and corps and gov't trying to get dirt on each other and it's a SR wonderland
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Nov 21 2011, 03:01 AM
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#24
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panda! Group: Members Posts: 10,331 Joined: 8-March 02 From: north of central europe Member No.: 2,242 |
Expect Iraq to go the same way, being the latest nations to be slapped silly by "shock doctrine"...
Ugh, now that i think about it i wonder if some European nations will perhaps be "incentivized" into employing said doctrine... |
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Nov 21 2011, 06:21 AM
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#25
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Immortal Elf Group: Dumpshocked Posts: 14,358 Joined: 2-December 07 From: Winnipeg, Manitoba, Canada Member No.: 14,465 |
Watch Europe start the Eurowars soon as economies fall apart and debts come due. (IMG:style_emoticons/default/frown.gif)
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