COMMENT-Japanese banks should kill the Sharp zombie
Thu Aug 30, 2012 3:41am EDT
* Japanese banks should let Sharp go bankrupt
* Sharp shows all that is wrong with Japanese business
* Bailing out Sharp may not turn company around
By Nachum Kaplan
Aug 30 (IFR) - The traditional way to kill a zombie is to put salt in its mouth and sew its lips shut. In the case of Japanese zombie companies, a better approach would be for creditor banks to stop bailing them out and let them go bankrupt. Electronics maker Sharp Corp looks just like a zombie in need of such slaying.
..... read rest at Reuters.com