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Posted in: Olympus shares plunge 24% following British CEO's ouster See in context

Suzu1: Gyrus deal, Cayman, shadowy advisers ($687 million).....

as i wrote repeatedly, this is not a news. it has been known for a long time. and, in recent months, the Gyrus issue has been taken up repeatedly by magazines such as the monthly Facta. (so, i was really surprised when Goldman Sachs announced a few days ago that the share price of Olympus should rise to around 4,000 yen by next year. either extremely stupid or dirty)

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Posted in: Olympus shares plunge 24% following British CEO's ouster See in context

yabits:

You do understand that this makes the people who hired and then fired Woodford look very, very bad, don't you?

I repeatedly wrote in this forum that Kikukawa should also leave, together with many of the board directors.

as i wrote earlier, I have felt from the very beginning that the "ridiculous promotion of this British ex-salesman to the post of president and equally ridiculous firing of him this week are all related to Olympus's disastrous purchase of the UK-based Gyrus/others."

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Posted in: Olympus shares plunge 24% following British CEO's ouster See in context

yabits:

He very well may have wisely bided his time until he was in a better position to do something to correct things.

LOL. That's exactly the same as my gaijin neighbour's guesswork. you are free to think so, and feel good.

if you can read the japanese, articles of the monthly Facta magazine might be useful with regard to the Gyrus issue. http://www.google.co.jp/ facta AND オリンパス

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Posted in: Olympus shares plunge 24% following British CEO's ouster See in context

skroknog:

That'll teach 'em.

teach Goldman Sachs how stupid they are ? (Goldman issued a ridiculously rosy scenario for Olympus shares a few days ago). Or, it was a sinister trap ?

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Posted in: Olympus shares plunge 24% following British CEO's ouster See in context

Kronos, my comments are irresponsible guesswork. an attempt to "balance" the even more irresponsible nature of this gaijin forum. I guess that Woodford is "innocent" in legal terms. But, it seems to me it's just natural to assume that he knew the nature of the Gyrus affairs when he was in charge of Olympus's European affairs. (as i wrote repeatedly, even a complete outsider like myself heard of the matter (rumor) several months ago. )

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Posted in: Olympus shares plunge 24% following British CEO's ouster See in context

yabits, read my comments once more. i suggested that Woodford should have talked about the matter long, long ago, because he was in charge of European affairs (including the purchase of UK-based Gyrus) as a protege of Kikukawa. even a complete outsider like myself heard of the shady/ridiculous nature of the Gyrus affairs long before he was chosen as Kikukawa's successor.

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Posted in: Olympus shares plunge 24% following British CEO's ouster See in context

Kronos:

Actually there are more details in the press. Michael Woodford was investigating payments made to a shady financial advisory firm for purchases of Companies made by Olympus.

actually, it is an old story. even a complete outsider like myself heard of the matter long before Woodford was chosen as Kikukawa's successor. i am sure this British ex-salesman (Kikukawa's former gaijin puppet/protege) knew the shady/ridiculous nature of the Gyrus affairs for a very long time. after all, he was in charge of Olympus's European affairs as Kikukawa's top gaijin puppet/protege, and Gyrus is a British company.

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Posted in: Some people are asking: Why is Japan trying to export something it rejected at home? See in context

as zichi pointed out, Fukushima Dai-ichi nuclear plants were designed and built by General Electric of America . meanwhile, nuclear plants of Onagawa (near Sendai) and Fukushima Dai-ni were designed/maintained by Japanese companies, and survived the quake/tsunami. japanese are NOT trying to export crappy old GE-designed plants.

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Posted in: Olympus shares plunge 24% following British CEO's ouster See in context

marcelito: these damn gaijins just don,t understand Japanese culture and traditions

i am sure this British ex-salesman (Kikukawa's former gaijin puppet) knew the Gyrus affairs for a very long time.

even a complete outsider like myself heard of the matter long before he was chosen as Kikukawa's successor.

by the way, i am curious why some gaijin brokerage houses, such as Goldman, upgraded Olympus to Buy just before the firing of this chap. did they know it's imminent ?

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Posted in: Olympus shares plunge 24% following British CEO's ouster See in context

not surprising at all.

ridiculous promotion of this British ex-salesman to the post of president and equally ridiculous firing of him this week are all related to Olympus's disastrous purchase of the UK-based Gyrus/others , as I suggested in my posts for the earlier report.

Both Kikukawa and Woodford (Kikukawa's former puppet) should leave, together with many of the board directors.

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Posted in: Olympus ousts British CEO after 6 months due to conflicts See in context

if your "smart gaijin brains" are so good, why your countries need to keep borrowing unsustainable amounts of money from Japanese, chinese, arabs, etc., while resourceless, overpopulated japan still enjoy current account surplus in spite of the frequent huge earthquakes,tsunami (more than 40.5 m (133 ft) in some places and up to 10 kilometres inland in sendai) and resultant nuclear disaster (which also caused severe electricity shortages) as well as the need to import all kinds of over-priced natural resources ? why do you think your countries are debtor nations while overpopulated, resourceless, disaster-strickenJapan is still the world's top creditor nation, with by far the largest NET external assets in the world? Why do you think yen's value has risen from around 360 yen per dollar/1000 yen per pound to the current levels of around 80 yen per dollar/ 120 yen per pound over the past few decades, to the great disappointment of Japanese exporters ? Your "smart gaijin brains" way of drasticallyt cutting costs (labour, R&D, etc.) would probably help companies incease their profits, dividends and executive compensation for several years, but it's not smart at all in the long run.

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Posted in: Suzuki sends Volkswagen notice of agreement breach See in context

who is this tiny "dirty", "violent", "childish" Suzuki, who "always breach their agreements" and yet continues to be stalked by a sperior, "advanced" VW, The Munya Times, etc ?

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Posted in: Olympus ousts British CEO after 6 months due to conflicts See in context

yabits: Sony, by the way, was on a downward spiral before Stringer

i am not sure. Since June 2005, Stringer has been Chairman and CEO of Sony overseeing the entire businesses of the company. This period coincide with the period of their downfall. And in April 2009, he also assumed the post of president as well, and the horrible downward spiral seem to have been accelerating since then. and, "resourceless" means that overpopulated Japan has to import all kinds of overpriced natural resouces, oil, iron ore, copper, etc, etc. whose prices have risen considerably in recent years. As a matter of course, you are right in referring to the "tremendous human resources" of Japan. It's exactly why resourceless, overpopulated japan still enjoy current account surplus in spite of the frequent earthquakes, huge tsunamis and resultant nuclear disaster, as well as the need to import all kinds of over-priced natural resources. It also explain why Japan is still the world's top creditor nation, with by far the largest NET external assets in the world, and why the Yen's value has risen from around 360 yen per dollar/1000 yen per pound to the current levels of around 80 yen per dollar/ 120 yen per pound over the past few decades, to the great disappointment of Japanese exporters.

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Posted in: Olympus ousts British CEO after 6 months due to conflicts See in context

seesaw1: our brains to help them out

LOL. I am sure the brains of British/American top executive of Sony, Shinsei, etc. are not so bad as yours. Yet, Sony's performance has been a really horrible downward spiral over the past several years under the reign of Howard Stringer, while the situation is even worse at places like Shinsei Bank.

why do you think resourceless, overpopulated japan still enjoy current account surplus in spite of the frequent earthquakes,tsunami (more than 40.5 m (133 ft) in some places and up to 10 kilometres inland in sendai) and resultant nuclear disaster (which also caused severe electricity shortages) as well as the need to import all kinds of over-priced natural resources ? why do you think overpopulated, resourceless Japan is still the world's top creditor nation, with by far the largest NET external assets ?

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Posted in: JETRO criticizes Thai gov't for lack of info over floods See in context

i would ask again.

Japanese media has been reporting a lot about how to help the Thai people under the current situation, while NONE has reported this "criticism" as far as I know.

is this a story designed specifically for gaijin readers ?

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Posted in: Olympus ousts British CEO after 6 months due to conflicts See in context

Mike Bird: When are Japanese companies going to accept that their Japanese perspective is not the only view of the world?

When are Anglo-saxons going to accept that their perspective is not the only view of the world?

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Posted in: JETRO criticizes Thai gov't for lack of info over floods See in context

Sherman; This is an amazing statement from JETRO. They do nothing to help anyone and expect Thailand to report to them.

the truth is the Japanese media has been referring a lot to the question of how to help the Thai people under the current situation, while none has reported this JETRO "criticism" as far as I know.

probably this is a story designed for gaijin readers.

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Posted in: JETRO criticizes Thai gov't for lack of info over floods See in context

amused to see this Japanese "criticism" reported here,

because there seems to be no such report in the Japanese media.

why the difference?

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Posted in: Suzuki sends Volkswagen notice of agreement breach See in context

WilliB: They bought some Suzuki shares. Everybody can do that. You can. I can.

so, VW continues to hold Suzuki shares and considers buying even more from a pure investment standpoint ? It's simply a belief in the very bright future of Suzuki, and has nothing to do with VW's obsession with little Suzuki ? then, it's good.

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Posted in: Suzuki sends Volkswagen notice of agreement breach See in context

It's VW which keeps stalking Suzuki, and not the other way around.

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Posted in: Olympus ousts British CEO after 6 months due to conflicts See in context

Bogart: Gyrus.... Cayman Islands company called AXAM

even an outsider like myself heard of it long before Woodford was appointed president. more interesting question would be why this british chap suddenly decided to take up the issue now.

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Posted in: Suzuki sends Volkswagen notice of agreement breach See in context

electric2004: VW paid and Suzuki wanted technology in "return".

it sounds very unfair to VW. why does VW continue to be obsessed with and stalk Suzuki?

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Posted in: Suzuki sends Volkswagen notice of agreement breach See in context

sf2k: Suzuki can't play well with others.

then, you should advise VW to stop stalking Suzuki.

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Posted in: Suzuki sends Volkswagen notice of agreement breach See in context

The Munya Times: peraperapera

then, why does such a sperior, "advanced" VW continue to be obsessed with/stalk the "dirty", tiny Suzuki who always "breach their agreement".

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Posted in: Radium bottles in Setagaya home may have been there for over 50 years See in context

nigelboy: Smith, If you're worried about the long term health effects, Setagaya is 16th in terms of average life expectancy.

yeah, the 90-year-old Genki lady, who had lived in this radium house for half a century, is a typical Obaachan of Setagaya.

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Posted in: Radium bottles in Setagaya home may have been there for over 50 years See in context

some14some; dead bombs

acutually, there are thousands of unexploded bombs, which were dropped all over japan in 1945 and still remain unnoticed. they are certainly much more dangerous than these old bottles of radium.

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Posted in: Suzuki sends Volkswagen notice of agreement breach See in context

NetNinja: Copy and Paste

just like Renault has been doing with regard to Nissan-developed electric vehicles ?

if Suzuki is such a tiny crap, why is the mammoth VW obsessed with it so much ?

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Posted in: Olympus ousts British CEO after 6 months due to conflicts See in context

Ah_so: Sony is the exceptional example of a foreigner prospering in a Japanese company.

Has that something to do with Sony's horrible downward spiral in recent years both at home and abroad, especially under the reign of Howard Stringer ? (although I actually tend to think that Stringer is also a kind of gaijin puppet used by some japanese puppeteer)

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Posted in: Olympus ousts British CEO after 6 months due to conflicts See in context

nigelboy:

The very same board that selected him had to get rid of him so quickly. What does that tell you? ---The Board of Directors, especially Kikukawa made the wrong choice. From reading various sources (Nikkei, mostly), it appears Woodford attempted to drastically cut R&D expenses

right. drastically cut things like basic R&D expenses so that the company's profits, executive compensation, dividend rise in the short run (a few years) .----stereotypical gaijin management. and, as i wrote earlier, many people suspect that 70-year-old Kikukawa chose this illiterate british salesman as his puppet successor to prolong his reign. (but woodford was not cleaver enough to understand his real role as a puppet). i also suspect that both of them are directly responsible for Olympus's disastrous M&A with regard to UK-based Gyrus and others. Both of them should leave. Otherwise, the company would probably go the same horrible downward spiral as that of Sony under Howard Stringer.

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Posted in: Olympus ousts British CEO after 6 months due to conflicts See in context

thepro: Trying to run a big Japanese company must be truly horrible

who on earth expects some gaijin salesman to truly run a big japanese company? he simply cannot communicate with most of olympus employees because he is illiterate.

the reality would be this british chap was employed by Kikukawa (also ex-salesman) as his gaijin puppet., but he was not clever enough to understand his real role (Chaiman Kikukawa's illiterate gaijin puppet ). really absurd.

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