Would you invest in an Olympus system at this stage?

Started Feb 27, 2012 | Discussions thread
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meland
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Would you invest in an Olympus system at this stage?
Feb 27, 2012

http://www.bbc.co.uk/news/business-17178473

Embattled camera and medical equipment maker Olympus has proposed a new board as it attempts to recover from a $1.7bn (£1bn) accounting fraud.

Former chief executive, Michael Woodward, has criticised the new board who said it was not in shareholder interests to have a former banker as chairman because he may unfairly prioritise paying back creditors.

"Looking at capital raising, to have a representative of the bank there as the chairman will only frustrate and alienate any independent foreign shareholder, and I'm sure shareholders in Japan," he said. "It's completely and utterly wrong."

One sincerely hopes that Olympus will be able to sort out their problems. However do such issues make the average buyer think twice about buying Olympus products - or do you think it actually has very little impact?

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