I think there are security issues in relation to Japan
Quote of the Day ( 10 )
Dismissed Olympus CEO Michael Woodford. He said he wants to meet investigators appointed to probe a scandal engulfing the firm, but added it would not be safe for him to travel to Japan. (Reuters)
Order by Time Order by Popularity
10 Comments
Login to comment
0
some14some
It seems to me that Michael Woodford is gifted with discernment.
0
gaijinTechie
Smart man to the end.
-2
Reckless
The security issue is a certain fired gaijin getting arrested for disclosing confidential information of his company in violation of a confidentiality agreement. Smart man to stay away. J prison is not a good place.
0
gonemad
Reckless, you cannot be arrested for breach of contract. It's not a criminal offence.
-1
theeastisred
So, Reckless, would it have been better to leave all the dirty secrets unexposed? Don't you think the shareholders, regulators, stock market participants, employees, suppliers, customers and the general public have a legitimate interest in knowing what happened to the $1.3bn that has been wilfully thrown away by the former management?
0
SquidBert
I don't think it's prison that he is afraid of.
0
Reckless
2003 amendments the Unfair Competition Prevention Law (Law No. 47, May 19, 1993) brought the establishment of criminal sanction for misappropriation of trade secrets. I doubt he would or could be prosecuted, but in Japan it is arrest first and investigate after, so I agree with his hesitance to return to the country. The yakuza inference is just a red herring in my opinion.
Also, I did not mean to judge his actions. It is very amusing and ultimately will help Japan corporate governance. But his disclosure destroyed billions in market value for everyday shareholders.
3
theeastisred
It was not his actions that destroyed market value, but rather those of the previous management led by Kikukawa.
-1
kurisupisu
Wouldn't the J-cops protect the gaijin?
0
gonemad
Reckless, thanks for the hint. I was not aware of the amendments of 2003 and later. This is important to know.
I wonder whether the term 'trade secret' as defined by the law would apply to the kind of information provided by Woodford?
Back to top