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Olympus: Lack of Trust

With the news that Olympus has just fired it CEO, the markets have seen Olympus shares drop rapidly. The CEO was fired, and claims that it was as a result of asking questions related to a number of financial transactions that occurpred during the takeover of three companies. Early this year the company also changed it auditor from KPMG, after they raised concerns regarding the transactions. 

This is a prime example of how not to build trust in a company. The Power of Trust mentions that if Olympus has approached this from the view point of its key stakeholders it would have understand the importance in its actions, instead it has cost its investors a lot of money and made itself a key target form takeover.