On 2/18/2015 12:29 PM, Ken Norton wrote:
A novel concept.
Unfortunately, the imaging division continues to post losses, in spite
of winning products.
I worked for decades in a much larger company than Oly, with many different manufacturing, distribution and retail
operations.
For years, the manufacturing Divisions were very profitable, although those profits were not recognized there, but
passed on, as explicit amounts, to retail. Then came a corporate crisis, consultants came in and reorganized assets,
distribution of costs, etc. Suddenly, many of the manufacturing operations were, if not losers, poor in ROI and needing
to be sold off. Do it again, with different experts, and they might somehow account for all corporate profit.
In all cases, there would be good reasons to believe it was right - and wrong. Internal accounting in large companies is
horribly subtle and complex. It doesn't seem like it should be, but once one starts the journey into the details ...
Well, there should be a warning "Here be Dragons!"
As I understand it, Japanese corporation are far more political and devious in their internal accounting than in the US.
Whether their imaging division makes or loses money is something we out here will never know.
Been There Moose
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What if the Hokey Pokey *IS* what it's all about?
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