World News Insights
1-3 Minute Gist
Support LyrArc
Reader contributions keep LyrArc open for everyone
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
Browse Articles or use Lyrarc's US patented "Groups" and "Links" for new insights. A Lyrarc Group of Articles on a topic gives insights into particular angles shown in the Group Title. A Lyrarc Link shows more specific insights for 2 articles.
All Topics Articles
LyrArc brings in selected articles from many of the world's top publications.
Articles are selected by experts and you can see the gist of the important articles.
LyrArc Article Gist
Olympus kept losses dating back to the bubble in the 1990's off its books for 2 decades. Then covered up the losses by paying inflated fees to advisors for acquisitions unrelated to its core camera and medical equipment business. Three companies in health food, resource recycling and cookware manufacturing were acquired. The coverup of losses was disclosed by the company's first British born CEO, Michael Woodford, who lasted only 2 weeks. He was fired for damaging Olympus's reputation when he made disclosures about the coverups. Olympus paid about $687 million in advisory fees to a firm in the Cayman Islands, for a $2 billion takeover of medical instrument company, Gyros, in 2008. Shares of Olympus have fallen 70% as a result.
Olympus kept losses dating back to the bubble in the 1990's off its books for 2 decades. Then covered up the losses by paying inflated fees to advisors for acquisitions unrelated to its core camera and medical equipment business. Three companies in health food, resource recycling and cookware manufacturing were acquired. The coverup of losses was disclosed by the company's first British born CEO, Michael Woodford, who lasted only 2 weeks. He was fired for damaging Olympus's reputation when he made disclosures about the coverups. Olympus paid about $687 million in advisory fees to a firm in the Cayman Islands, for a $2 billion takeover of medical instrument company, Gyros, in 2008. Shares of Olympus have fallen 70% as a result.
Read LyrArc gist ›
Original article 2 minutes, gist 1 minute
Original article 2 minutes, gist 1 minute
2
Links
2
Groups
LyrArc Article Gist
The rotating management system for top management at Huawei and the leadership of Ren Zhengfei provides a different kind of leadership at a leading Chinese company. The young average age of its engineers is also another aspect of the company and signals unique potential.
The rotating management system for top management at Huawei and the leadership of Ren Zhengfei provides a different kind of leadership at a leading Chinese company. The young average age of its engineers is also another aspect of the company and signals unique potential.
LyrArc Article Gist
GM executives say they plan to reduce the number of platforms for vehicles to 14 globally in 2018 from 30 in 2010. GM plans to reduce the number of engine families to 12 by 2018 from the 20 in 2009. Another step GM plans is to keep its investments in new product development stable and not follow the jerky product development that follows the roller coaster ride with sudden increase and decrease in market sales. That kind of product development resulted in wasteful spending.
GM executives say they plan to reduce the number of platforms for vehicles to 14 globally in 2018 from 30 in 2010. GM plans to reduce the number of engine families to 12 by 2018 from the 20 in 2009. Another step GM plans is to keep its investments in new product development stable and not follow the jerky product development that follows the roller coaster ride with sudden increase and decrease in market sales. That kind of product development resulted in wasteful spending.
LyrArc Article Gist
VW shows a loss of $1.77 billion for 2015 after taking a charge of $18 billion for recall of 11 million cars, and buyback of 500,000 cars in the U.S.
VW shows a loss of $1.77 billion for 2015 after taking a charge of $18 billion for recall of 11 million cars, and buyback of 500,000 cars in the U.S.
Support LyrArc
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Copyright © 2006 - 2026 Intelilinks LLC
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us