The Olympus scandal: Coming clean
THE aftershocks of this financial temblor will be felt for years to come. Olympus, a Japanese camera maker plagued by an accounting scandal, finally submitted revised earnings statements today. And the financial hit was even more massive than many had expected: net assets came in ¥105 billion ($1.3 billion) lower and now reach a meagre ¥46 billion; last year's net profit was halved to ¥3.9 billion.Olympus's release of the new statements was itself an accomplishment. The firm needed to revise five years worth of annual accounts. Читать дальше...