Olympus executives sentenced, avoid jail time: Digital Photography Review
Waylan Choy stashed this in Do the Math!
Stashed in: Pants on fire!
" Liars they certainly were. Crooks they were not. There is no proof, and at this point no credible allegation (this has been investigated pretty thoroughly) that they ever lined their own pockets.
They kept hiding embarrassing losses that they hoped they could recuperate, but the hole just got bigger and bigger.
I do agree that no one involved looks good, and thought the worst of all of them, until I actualy researched K's career. Brilliant engineer and visionary, especially in imaging, and came in as a reformer. Could likely have got a top job anywhere. Continued, or at least approved the accounting fraud. Will likely be lucky to get an engineering job. Sad story indeed, especially for those of us who really enjoy Olympus cameras (and look forward to further miniaturization and streamlining of their end-o-scopes!)"
In business as in life, it's better not to cover up.