Olympus has dismissed its executive vice president after admitting concealing losses on investments. In the most serious revelation since the departure of former chief executive Michael Woodford, the company said that funds from previous acquisitions had been used to hide losses on securities investments since the 1990s. The news saw Olympus shares fall in value by up to 30% during Tuesday's trading.
|AF4_2483 Surfing the Serengeti by DaveInHouston|
from Hot Air Balloon view
|Peregrine Falcon by Psychic1|
from Best Wildlife Photo of the Week - 4