What started as seemingly some kind of "cultural dispute" between senior executives at Olympus is turning into a major financial scandal. The company has now admitted hiding losses for 20 years and has currently lost 70% of its value. It seems unlikely that we can expect anything on the camera front for some time to come, if at all. It would be a shame if a company with an illustrious history in camera design and manufacture were to disappear, but with shocking revelation after shocking revelation and the scale of the figures involved, it seems unlikely that there will ever be a return to "business as usual".
Its possible the brand and its current products can be picked up by another company and survive in some way but any notion of it continuing as before is surely impossible.
For the latest on what is proving to be an endless stream of ever more damaging revelations, here's a link to the Reuters website.
