Woodford out... what now

[Anonymous]

What the hell is going on!? Woodford pushed out, allegations of fraud; what happens next?
Stock value drops 50%, and more has to be on the way...

What does this mean to the Endoscopy business?

 

[Anonymous]

Better not get gobbled up by one of those piece of shit competitors... they might end up with a product that is worth a shit...

http://www.bloomberg.com/news/2011-...edical-unit-seen-luring-bidders-real-m-a.html

 

[Anonymous]

Rumors of organized crime involvement???

This is getting crazy.

Details in the letter are interesting though:
http://graphics8.nytimes.com/packages/pdf/business/20111018/letter-text.pdf

There are a lot of very good people, and great products being caught up in this mess. Thanks "leadership"!

 

[Anonymous]

http://news.yahoo.com/ex-wall-st-banker-identified-key-figure-olympus-070041815.html

Well maybe Fuji will buy the left overs in a garage sale.......bruhaahhhhhh

Olympus has been stacked deep with arrogant pricks for decades, couldn't happen to a better bunch.

 

[Anonymous]

Video of Woodford

http://www.bloomberg.com/video/77939410/

 

[Anonymous]

And the plot keeps thickening...

How is all of this going to turn out!?

 

[Anonymous]

And the plot keeps thickening...

How is all of this going to turn out!?

- Woodford will come back as CEO at next shareholders' meeting.
- He re-builds board and restores confidence with shareholders. Able to be the "King/Emperor".
- Cuts jobs...cuts jobs...etc...to show a profit to shareholders.

 

[Anonymous]

Cuts what jobs??? Is there fat to trim in Japan? Its a skeleton crew in the USA!

 

[Anonymous]

I guess the M.W. layoff has slowed down the M.W. layoffs...