Sunday May 27, 2012

JAPAN NEWS AND DISCUSSION

What should Olympus do to salvage its reputation and stock value?

Have Your Say Nov. 10, 2011 - 06:09AM JST ( 10 )

Order by Time Order by Popularity

10 Comments

-2

some14someNov. 10, 2011 - 07:55AM JST

M&A - Olympus should look for a potential buyer either Japanese or foreigner.
0

shirokuma2011Nov. 10, 2011 - 08:07AM JST

Clean house: Immediately put the entire board and executive suite on notice, pending the results of the third-party investigation, and file charges against those responsible for any financial maneuvers which prove to have been criminal; Remind investors that the company's value lies in its technology and the people who produce it, not in its upper management; Restructure the business to better focus reduced resources on core technologies and business lines; Publicize the heck out of each of these moves.

I don't know what an M&A would accomplish besides an outflow of scarce funds to investment bankers, and perhaps a short-term financial lifeline--something that would be of little long-term use unless the acquirer knows how to value and preserve the company's core assets, and is able and willing to resolve its management problems first.
-2

The Munya TimesNov. 10, 2011 - 10:48AM JST

Just what the others do, repaint the sign, find a new name, polish the surface and go on with the same dirty tricks. That's what they gonna do.
1

namabiru4meNov. 10, 2011 - 03:50PM JST

Listen to the owners of the company, the stock holders, and put Woodford back in place.
-2

NetNinjaNov. 11, 2011 - 08:37AM JST

Bring Mr. Woodford back. Press charges against Kikukawa and his regime.
-1

kurisupisuNov. 11, 2011 - 08:54AM JST

Resort to tried and tested samurai traditions!
1

KabukiloverNov. 11, 2011 - 10:51AM JST

Why not ask for a bailout like the one TEPCO got? Olympus can point out that their gross mismanagement, unlike TEPCO's gross mismanagement, did not spead radiation all over creation and ruin the lives and health of thousands of people. Next, the should fire all their top mangagement people and bring back Woodford, if the man wants to come back at this point.

Actually, the robots that have been developed to deal with the mess in Fukushima would make far better managers than the idiots running Olympus now. They can probably bow better.
0

theeastisredNov. 11, 2011 - 11:19AM JST

Bring Woodward back as president, fire the entire board, hire in new COO and CFO from outside the company and make them directors. Promote heads of endoscope and camera divisions to director. Appoint sufficient non-executive directors (businessmen from other fields, academics, accountants, lawyers etc) such that they form a majority of the board. Then pursue all former executives responsible for these disastrous investment losses and coverups to the maximum extent possible. Blacklist any external parties (brokers, auditors etc) involved in dodgy transactions from ever doing business with Olympus again. Get around all key shareholders, clients and suppliers as soon as possible to reassure them Olympus is a proper company again. Deliver same message internally to staff. And just hope that is enough. If not, seek a white knight buyer for the valuable parts of the company. If delisted and still independent, seek a re-listing.
1

tokyokawasakiNov. 11, 2011 - 02:58PM JST

Tell the truth for starters.
0

sillygirlNov. 22, 2011 - 05:15PM JST

what other posters have said - tell the truth, clean house, bring back to person who brought this "cultural difference" to light. come on, clean up your act and then you can play on the world stage. otherwise you are playing stooges.