Something rotten in Olympia

[gstark]

Over the last week or two, the value of Olypmus shares has dropped significantly.

This hole is only going to get deeper.

[sirhc55]

What major company on this planet is without any corrupt dealings.

Interesting that Olympia is a plain and Olympus is a mountain So those on high have fallen

[the foto fanatic]

I've been keeping an eye on this story. Hope it doesn't lead to anything cataclysmic, but it could.

[surenj]

Lucky that I didn't have any Olympus shares.

[the foto fanatic]

The cat is out of the bag now. Olympus fesses up to dodgy accounting - shares may be delisted.

See here.

[Reschsmooth]

Cases of corporate malfeasance always reminds me if this bit of hilarity following the Enron collapse:

Washington, D.C. (SatireWire.com) — Asked by a Congressional panel Tuesday if he was aware of Enron's intricate and impenetrable accounting practices, former Enron Chairman Kenneth Lay, speaking through an attorney for a Caribbean subsidiary of a joint venture created with money from an investment partnership that was partially owned by an internal offshore hedge fund that originally acted as a shell corporation for a second investment partnership spun off from three separate private partnerships created with stock and options from the first partnership which enabled the fourth partnership to record losses unattributable to the Caribbean subsidiary of the joint venture corporation, refused to answer

[ATJ]

Olympus is in Greece, isn't it? Enough said.