A company shutdown can be a good thing.(Enterprising: Business as an act of creation)

Publication: The American Enterprise

Publication Date: 01-JUN-05

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COPYRIGHT 2005 The American Enterprise

Mitsubishi, Japan's fourth largest automaker, sits in the midst of a scandal that makes the corporate malfeasance at Enron, Worldcom, and Parmalat look trivial. The conglomerate, one of Japan's 20 largest companies, appears to have systematically hidden serious mechanical problems with many of its cars and trucks for over a decade. Scores of deaths are alleged to have resulted and Japan's normally placid press is having a field day.

While the magnitude of this scandal alone makes it significant--even Enron's massive accounting fraud didn't kill anyone--the fact that Mitsubishi still exists as an independent automaker that could engage in...

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