Word: minolta
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Dates: during 1990-1999
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Sadahei Kusomoto, the chairman and chief executive of Minolta's U.S. operations for 22 years, argues with some plausibility, "It's hard to blame Japan for the recession in the U.S. Ford, GM and Zenith are moving their plants to Mexico. American companies are giving up manufacturing in this country, while Sony, Toshiba and Mitsubishi are coming here and opening up major plants. When things go wrong, we have to find some excuse, and the Japanese are becoming some sort of scapegoat...
...reported the allegation that just before he resigned as chairman of American Continental Corp., which had filed for bankruptcy protection, Keating looted the office of various and sundry supplies and had them shipped to a building he had rented. The alleged booty: lamps, typewriters, phone and computer equipment, a Minolta overhead projector and paper. "A myriad of items. Everything you'd need to start a new business," said a lawyer who is familiar with the investigation...