WSJ: Tepco in stunning reversal — Admits knowing of problems before 3/11 and doing nothing

enenews.com and WSJ ^ | October 12, 2012 | Enenews quoting PHRED DVORAK:WSJ

[ransomnote]

ENENEWS.COM has published the following excerpt from WSJ:

In a stunning reversal, the operator of Japan’s Fukushima Daiichi power plant admitted for the first time Friday that it had made errors of judgment that contributed to one of the world’s worst nuclear accidents last year.

[Tepco] said in a report that the company failed to adequately prepare for a disaster and that it knew it wasn’t prepared, and yet it did nothing, out of fear for the economic and social consequences.

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Don't know how to cite this correctly. The excerpt published on the enenews.com website (Note: That cite can host some wacky theories in addition to legitimate pieces like WSJ) is from an October 12 article appearing in the subscription pages of the Wall Street Journal and is titled:

Japan Utility Says Nuclear Crisis Was Avoidable

It's sad, really. TEPCO says that they didn't have a severe nuclear response plan because they feared public reaction and fueling anti-nuke groups. It's the same reason the Soviets didn't train people living around the Chernobyl reactor how to respond to a nuclear disaster. I recall an old Soviet offical smiling ruefully while saying "We didn't want people to panic...." I really feel that they mean "We didn't want people to object..." It's why I no longer believe that nuclear plants have any intention of ever employing emergency responses that they've touted during construction: wouldn't want to cause a panic. In other words, lying by omission. Why did the Japanese Government refuse to release the SPEEDI data to the public during the crisis? They said they didn't want to cause panic. Why didn't they allow governors to release iodine tablets to the children living near the reactors...panic.

Applying this behavior to a business situation: If you want to blow all of your investors' money on a Hawaiian vacation - just don't tell them...you wouldn't want them to panic would you?