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Forum: Pentax News and Rumors 05-12-2019, 05:21 AM  
FY2018 Flash Report
Posted By monochrome
Replies: 33
Views: 4,243
Olympus is a publicly traded company. Sony owns 5.05% of the shares, having rescued Olympus after the 2011 criminal books-cooking scandal.* Sony is the third largest shareholder. Other Japanese corporations in total own 8.84% of the shares.

* Olympus closed 40% of its manufacturing plants, laid off 7% of its workforce and 11 Directors and Officers of the company were arrested for financial crimes. The British President of the company, previously brought in to ‘fix’ Olympus, discovered the decade-long scheme to cover up losses and make payments to criminal enterprises, but was dismissed by the Board and accused of concocting the story to oust the Chairman. When the truth was later revealed by a financial periodical he sued for defamation of character and was awarded a $10MM GBP judgement.

I don’t believe Olympus has ever recovered.
Forum: Pentax News and Rumors 05-12-2019, 04:39 AM  
FY2018 Flash Report
Posted By monochrome
Replies: 33
Views: 4,243
The device used for my most recent colonoscopy was an Olympus. The prior time (3 years ears ago) it was a Pentax. How sad for Hoya.
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