NBR Special Investigation: Lifting the lid on the photocopier industry
Allegations of creative accounting at Fuji Xerox have serious implications for hundreds of businesses on both sides of the Tasman, industry insiders say.
Back in the day, the grubbiest thing associated with the photocopier industry was the apparently inevitable scanning of intimate body parts at office parties.
Now, thanks to former staff lifting the lid on Fuji Xerox, the industry’s image seems to be getting grubbier by the day. According to some, even in little old Newzild it’s just like modern morality tale movies The Wolf of Wall Street and The Boiler Room.
Others insist it’s more like Enron: The Smartest Guys in the Room. It was well known within the company, they claim, that its sales figures were exaggerated. “The sales targets just got higher and higher every year,” says one. “It was extraordinary that somehow we always managed to achieve them by almost exactly the right amount.”
But according to figures in the print industry, the most appropriate movie analogy is The Big Short, the Hollywood version of the fine Michael Lewis book that examined exactly how some people benefited from what became the global financial crisis.
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Karyn Scherer
Fri, 14 Oct 2016
Fri, 14 Oct 2016
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NBR Special Investigation: Lifting the lid on the photocopier industry
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