Nov. 8 (Bloomberg) -- Olympus Corp. said three executives helped conceal decades of losses by paying inflated fees to takeover advisers.
Olympus funneled more than $600 million in fees on the $2 billion Gyrus takeover to offshore funds to cancel impairments that the company had kept off its books.
Large acquisitions rarely work out to the benefit of the acquiring company. I wonder how much of it can be attributed to various losses recognized as a one-time non-systematic expense.
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