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Displaying items by tag: Merck & Co.

Olympus’ Financial Woes Continue

15 February 2012
Published in Industry News

After admitting that the company had used $1.7 billion in payments to cover up losses on investments, Olympus' Japanese stock fell 49 percent in two days in January. This latest drop now brings the company's total stock value loss to 70 percent since October, when Olympus fired its British CEO and president, Michael Woodford.

An outside committee appointed by Olympus released the information about the payouts and also found that...