Seven years after corporate Japan was turned on its head when Olympus Corp. became the subject of a massive accounting scandal, a member of the company's legal team believes nothing has changed — and things may have actually gotten worse.
At a news conference Wednesday, lawyer Hiroki Sakakibara rebuked the firm's current leadership for its inability to rectify the company's past mistakes and blaze a new path.
Despite multiple ongoing scandals, some of which are being investigated by the United States Department of Justice, Sakakibara insisted that the company is failing to properly manage itself and has even retaliated against those who object to its apparent foot-dragging on needed drastic reforms that would bring transparency.