In business, leadership is never yesterday's issue.This week, the Japanese electronics company Olympusmade a public apology.It said company officials hid over one billion dollarsin losses going back to the nineteen nineties.The company's stock has lost half its value since October.Olympus says it is investigatingand considering legal actionagainst some of its current and former officials.Reports say the problems at Olympusseem to come from thinking more about declaring profitsin the short-term instead of building real value.This was one of the issues consideredby management expert Peter Drucker over his long career.Peter Drucker died in two thousand five.But many of his ideas remain very meaningful today.Drucker liked to share his knowledge notby answering questions but by asking them.He once said business people must not ask"what do we want to sell?"but "what do people want to buy?"He taught at the Claremont Graduate School of Managementin California for over thirty years.He advised companies on business methods.And he wrote thirty-nine bookson business and economic ideas.Peter Drucker was born in Austria in nineteen-oh-nine.In the late nineteen twenties,he worked as a reporter in Frankfurt, Germany.He also studied international law.He fled Germany as Adolf Hitler came to powerin nineteen thirty-three.Drucker spent four years in Britainas an adviser to investment banks.He then came to the United States.In the nineteen forties, Drucker argued the desirefor profit was central to business efforts.He also warned that rising wageswere harming American business.He was later invited to study General Motors.He wrote about his experiences in the book"The Concept of the Corporation."In it, he said that workers at all levelsshould take part in decision-making,not just top managers.Peter Drucker was a voice for changeand new ways of thinking about socialand business relations.He used terms like "knowledge workers"and "management goals."Many of his ideas have become highly valuedin business training and politics.Later in his career, however,he warned that businessesthat seek only profit growth help their competitors.Peter Drucker received the Presidential Medal of Freedomfrom President George W Bush in two thousand two.He died at his home in Claremont at the age of ninety-five.And that's the VOA Special English Economics Report.