Where: The source comes from “The New York Times”. The
website has a .com domain, yet this does not affect the source’s credibility as
The New York Times is one of the most credible sources available.
Who: The author of this source is Floyd
Norris. The author is shown to be the chief financial correspondent of The
New York Times financial section. He had also worked at Barron’s National
Business and Financial Weekly, before working at The New York Times. He also
was claimed for outstanding reporting on accounting issues from the New York
Society of Certified Public Accountants and mentioned for outstanding life
achievement from Financial Writers Association of New York. All these high
prolific awards and previous experiences working at different news sources while being publicly acclaimed shows this writer to be highly respectable and
credible.
When: This article came out on December 8th 2011.
During this time schools and businesses were closing for winter holiday break.
Thus there might have been little to report about as people were celebrating
Christmas, Hanukkah and New Years. I do not believe that this time period would
not play into the time the story itself was made. However, 2011 was the year
when the scandal was exposed and arrests were made, which led to this news
article to be made in 2011 after these recent events.
What: The information the source offers the project is
useful for explaining the reasons behind the controversy, the details about one
side’s actions, and more. Stakeholders represented in this article include
Woodford and Olympus. This source offers contextual information such as the
amount of money lost, dates of actions, and a timeline of the
controversy. This source is important, as it will be important and reliable to
use for the project, as I will use it as a base to build upon.
Where: This article comes from Time magazine. Time is
credible as it is a well-recognized and respected news source, which gives me
reliable information for my project.
Who: The writer for this article
is Bill Powell. Bill Powell has a LinkedIn page with 500+ connections. He
graduated from Northwestern University and has been a senior writer for Time
magazine for over 12 years. All this shows that Bill Powell is an experienced
journalist, who continues to provide reliable information.
When: This was written on
November 9th 2011. Although a lot was going on in the world, the
Olympus scandal was a big issue in the business world. The climax of the story
occurred in 2011, which is why the article was written in this time.
What : This article offers
information about the situation with current president of Olympus Shuichi
Takayama. It gives information as to how sorry the current board is about the
Olympus’ shady past and has taken action to arrest former members of the
company. The article highlights about Olympus’ former CEO Tsuyoshi Kikukawa
past actions to cover up Olympus’ losses. This is important for my project as I
can use this source to describe the current situation of Olympus at what is to
come for the future of this company.
Where: This source comes from
BBC. BBC is a highly respected and read news source. Thus this information is
credible and will be fundamental to use in my project.
Who: There is nowhere mentioned
on the webpage as to who wrote the article. However this report was probably
written, and developed by more than one person from BBC. Even though there is
not writer mentioned, BBC is a credible source, which does not hinder the
sources accuracy and effectiveness for the research of my project.
When: This article was written on
the 30th of May 2012. It was written in the aftermath of the major
events of the Olympus Scandal. This article was written specifically after Mr.
Woodford’s settlement.
What: The information given from
this article focuses on Mr Woodford’s settlement and the status of Olympus
after the scandal. This information will be used to give a good conclusion to
my quick reference guide, providing readers what happened to Woodford in the
end.
Where: This article comes from
The Economist. The Economist is a news source focusing on writing news stories
in the world’s economy. The Economist is a well-respected and reliable news
source for economic related stories.
Who: There is not a specified
writer for this article. However, The Economist is a well-known and credible
news source, which provides accurate information.
When: This article was written on
the 24th November 2012. This story was written around a year after
the major events from the Olympus Scandal in 2011. The article recounts the
past events of the Olympus Scandal in 2011. This time period of when the story
was written has no effect on the controversy itself.
What: It provides an informative
summary of Woodford exposing the scandal publicly and what influenced him to
blow the whistle. This will be important for my project for when I explain what
major stakeholder (Woodford) did in this controversy.
Where: I found this article on
ACFE (Association of Certified Fraud Examiners) by a google search. Although I
have never heard about this website or knew a similar organization, this source
gives credible information who focus specifically on my chosen topic and
similar stories.
Who: The author of this article
is not given. This gives concern as to whether the writer of the article is a
credible source that has given truthful and quality information.
When: There is also no date given
to this article. However, it was most likely in after of during late 2012, as
the article gives a brief summary and timeline of the past major events of the
scandal.
What: A timeline, background
information of Olympus and summary of how the fraud unfolded is given. This
will be useful for giving contextual information as well as basic facts and
figures of the story, to my project.
Where: This article I found on
Business Insider. This article from Business Insider was a good informative
read, which presented a lot of useful information to write about in my project.
Regardless of the domain being .com, this news source seems credible and useful
for my project.
Who: Gus Lubin wrote this
article. He is a editor-in-chief of Tech Insider, worked six years at Business
Insider, graduated from Dartmouth College and has now become executive editor
of Business Insider. This shows how he has progressed greatly over recent years
with more and more experience. All in all, his education, years of work, and
promotions show this writer to be a credible source.
When: This article was written on
November 8th 2011. This was after the major events of the
controversy with the recent news from Woodford revealing fraud from Olympus and
the arrests of former employees of Olympus.
What: This article gives a
summary of the controversy and it’s timeline. This will be a useful source for
my project, as I will use the information to look back on and help me while
writing.
Where: This article comes from Bloomberg.
Bloomberg is a reliable and well-known source for business related news
stories. This source is credible and will be valuable for my project.
Who: Karl Taro Greenfield is the
writer for this article. After graduating from Columbia University, he has
written many novels in his life and articles for Bloomberg. It is apparent from
his LinkedIn
page that this writer has done a lot in his life, working for many different
organizations for years. This has gained him a lot of respect and shows how
credible he is.
When: This was written February 16th
2012. Thus, after the major events finishing in 2011, Greenfield tells readers
the controversy in a more story like format, instead of summarizing and
explaining the recent updates of the controversy.
What: This article allows readers
to understand the Olympus Scandal more in depth. Readers are presented what
exactly Woodford had witnessed and how he explained everything to the police.
This will be useful for the beginning of my project as I introduce the
contextual information about the Olympus Scandal.
Where: This article I found on the
The Telegraph. The Telegraph is a British news source, which I am not familiar
with. Thus I do not want to take all of the information given as being true as
I do not fully know the credibility of The Telegraph.
Who: Jonathan Russell,
a graduate of Cardiff University, who writes and edits for Telegraph Media
Group, Telegraph Business Club, Estates Gazette and more. Although very little
information is given of the writer on his page, I believe he is a credible
source whose information I will use for my project.
When: November 8th
2011. This was shortly during the time of when the major events of my
controversy occurred, which has influenced as to when this article was written.
What: This article provides
readers a good understanding of Olympus currently. This is explained with how
the company is apologizing and trying to fix this issue. Additionally, the
company is described as having a rough period as shares of the company had
dropped again. This information will be useful in informing my readers the
current situation of Olympus.
Where: World Finance gives an
article about Woodford’s view regarding the turn of recent events for Olympus.
For World Finance to get a hold of Woodford and conduct an interview with him
about the controversy shows credibility, which will be fundamental for creating
my project.
Who: The author of the article is
Jules Gray. Jules works for World News Media, doing reports in World Finance,
The New Economy, and more. Not much information is given about Jules but the
source seems credible.
When: January 10th
2013. This interview takes place around two years after the scandal erupted.
This time period plays into the story as it has given both the public, Olympus
and Woodford to recuperate and reflect back on the controversy.
What: This interview provides
valuable information about one side of the controversy. By conducting an
interview on Woodford, this source will be essential to refer back to for
writing about this stakeholder.
Where: I found this article on
BBC. BBC is a source that is more reliable than any other news source in my
opinion. Thus, this article is credible and appropriate to use for my project.
Who: No author is specified but
this does not take away the credibility of the news story itself.
When: 3rd July 2013.
This article was written right after the ones responsible for the fraud were
sentenced to jail. Thus after this recent event, it was quickly reported to the
public.
What: The article tells readers the
details of three former Olympus executives responsible for the scandal. It
explains the jail sentences and fines the members will face, as well as how
each member was involved to cover-up the losses of Olympus. This article will
be valuable for my project when writing about the Olympus/Kikuawa side of the
argument.
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