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Sunday, March 11, 2012

Could NISSAN be the NEXT Olympus? A Detailed Article about there HIGH level Whistleblower Shows Dodgey Accounting.... Stuff Dominique Thormann Would Do.... NISSAN did a Press Release 12 Hours AFTER I Said He Was a BAD Spender of Taxpayer Money....He Know Where the Hidden Cost Centers Are!

Eventually, Olympus admitted that its executives had orchestrated a 13-year scheme to hide more than $1.5bn in losses on risky investments. 'The bubble-gum had burst,' says Woodford.



How much Rutherford IDB Debt does NISSAN Have?

How many Jobs are you "really" going to create with 1.4 Billion DOE dollars?

Are you going to ask for the loan to be restructured?

Did women in management decline from 20.9% in 2006 to 10% in 2009?

Did Rob Lie?

Why did NISSAN discredit the whistleblower?

Do members of the board KNOW that Carlos Ghosn deals with "sleazey" people?

Why is Carlos Tavares NOT the CEO?

Below is from Management Today...

It's time for Ghosn to GO.....





http://www.managementtoday.co.uk/features/1118036/the-mt-interview-michael-woodford/

".............'They dismissed me on the grounds of gross misconduct,' says Woodford, 'but that's ludicrous.' Kikukawa later claimed that Woodford had 'ignored the firm's organisational structure' and had diverged from the rest of the team in his style of management. Both 'reasons' were replete with irony.

Once the FT article appeared, the story was picked up globally and the truth behind the huge losses came out. Eventually, Olympus admitted that its executives had orchestrated a 13-year scheme to hide more than $1.5bn in losses on risky investments. 'The bubble-gum had burst,' says Woodford. 'They couldn't face up to those losses, so they tried to find mechanisms for hiding them. But it was done on borrowed cash. Olympus is the sixth most indebted Japanese corporation.'

The company's shares lost 80% of their value in the weeks after the scandal broke, Olympus coming close to being de-listed on the Nikkei. It has become a by-word for panic-stricken evasion, blind rank-closing and ineptitude - a terrible indictment of Japan's highly consensual way of doing business, where everyone huddles down together as the corporation burns......."

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