Correction: NOT WSJ but Yahoo Finance: Olympus one of 10 brands to disappear in 2014

Started May 26, 2013 | Discussions thread
MichaelKJ
Veteran MemberPosts: 3,134Gear list
Like?
Re: WSJ: Olympus one of 10 brands to disappear in 2014
In reply to rrr_hhh, May 27, 2013

rrr_hhh wrote:

dpreviewreader wrote:

rrr_hhh wrote:

Y1981 wrote:

IMO the worst thing could happen to Olympus is to be bought by Sony or something like that.

But Sony already has 51% of the Olympus shares. that is how Olympus solved its financial woes After the scandal of the last wo years.

Sony has 10% stake in Olympus, not 51%.

http://www.reuters.com/article/2012/09/25/us-sony-olympus-idUSBRE88O0AE20120925

I think that you are right after all, it must be the new members who entered the board (aka bankers etc.) who have 51% not Sony alone, but I think that Sony as the buggest shareholder has got something like the presidency of the board ?

-- hide signature --

rrr_hhh

What makes you think new members have >50% of the board? Hiroyuki Sasa is listed as President and Representative Board Director. Sasa was head of Olympus at the time Sony became a 10% owner, and has no previous relationship with Sony.  I don't pretend to begin to understand how boards operate in Japan, but I do know that one can't assume that their operation is similar to that in the USA and other countries.

 MichaelKJ's gear list:MichaelKJ's gear list
Fujifilm FinePix F31fd Olympus PEN E-PL1 Olympus OM-D E-M5 +1 more
Reply   Reply with quote   Complain
Post (hide subjects)Posted by
(unknown member)
Keyboard shortcuts:
FForum PPrevious NNext WNext unread UUpvote SSubscribe RReply QQuote BBookmark post MMy threads
Color scheme? Blue / Yellow