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Unlike the case with its last two failed satellite launches, which it insisted were successful, this time it admitted to its people that the rocket failed.
Still, the negotiating tensions in Athens this week underscore the realpolitik that has frustrated Greece's lenders — and that has characterized Greece's efforts at reform ever since Athens helped ignite Europe's debt crisis three years ago, when it admitted to falsifying its financial accounts to gain euro membership.
A series of calamitous corporate fuck-ups culminated in September last year when it admitted to overstating its first-half profits by a mere £263 million.
But Greece, which triggered the European debt crisis after it admitted to lying about its finances, faces a severe economic contraction this year of 4.7 percent, its fifth straight year in recession, and zero growth next year.
Others within the industry say the recent woes suggest that Nomura, Japan's largest and most powerful securities company, has not improved internal controls since its scandal-ridden 1990s, when it admitted to paying millions of dollars to cover wealthy clients' trading losses and to giving money to gangsters and racketeers.
If the company fails to live up to its cleanup obligations at any point in the next 10 years, it could be charged with felonies it admitted to as part of its agreement with the U.S. attorney's office.
Similar(12)
Al-Qaida is disciplined, cohesive and selective about who it admits to its organisation.
HAX invests $25,000 to $100,000 for a 6-96-9percenttake in companies that it admits to its program.
Now it admits to 30% for its own account, which probably means it is even higher.
By the flexibility of GFFR, it admits to be implemented both statically or dynamically.
As Matt puts it: "Admitting to click fraud is an interesting business model".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com