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Same Ole Same Ole at Olympus

Monday Feb 27, 2012

Olympus has installed an insder as the new President and one of their bankers as cahriman. This is hardly the fresh team that outside investors have been clammoring for. This is classic govt bank industry collusion in Japan. Years ago Boone Pickens attempted to get a seat on the Board of headlight manufacturer Kyoto. He was rebuffed.

This sort of thing is another reason Japan's markets peaked in 1989 and have not recovered since. There is a reluctaince to make big changes.

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One response to “Same Ole Same Ole at Olympus”

  1. Luis Martinez Avatar
    Luis Martinez

    Looks to me like it’s a case of “Good ole Boys” at the helm there. I wouldn’t expect much from Olympus in the short term. Until they face the music, they’ll stay in their self-made rut.

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