Olympus considering Sony, Panasonic for possible tie-up
On Wednesday it was reported that Sony and Panasonic, both leading Japanese electronics manufacturers, are the two top candidates to take an equity stake in ailing Olympus, the camera and medical...
View ArticleFormer Olympus President Kikukawa pleads guilty in financial scandal trial
On Tuesday in Japan, Tsuyoshi Kikukawa, the former president of Olympus Corp., plead guilty in court for his connection to a $1.7 billion financial cover-up scandal that was discovered last year. The...
View ArticleOlympus Ex-CEO turned whistleblower becomes scandal author
When Michael Woodford, then CEO of Olympus Corp, was fired by the company, he became the highest ranked executive to turn into a whistleblower and it led to one of the biggest financial scandals in...
View ArticleOlympus investors sue company for $240 million in damages after financial...
On Tuesday it was revealed that shareholders of Japan’s Olympus Corp. filed a lawsuit in Tokyo for 19.1 billion yen (approx. $240.5 million) in damages. The camera and medical equipment manufacturer’s...
View ArticleWhistleblowing ex-Olympus CEO looking at movie deal based on $1.7 billion...
Michael Woodford, the British CEO of Olympus who was promptly fired after uncovering the company’s $1.7 billion financial cover-up, is engaged in talks to adapt his recent memoir into a film for the...
View ArticleSingapore Banker arrested in US for involvement in Olympus $1.7 billion fraud...
Chan Ming Fon, a former banker in Singapore, was arrested by U.S. authorities in California on Thursday for his involvement in $1.7 billion accounting fraud scandal that was uncovered last year at...
View ArticleProsecutors seek 5-year sentence for ex-Olympus head in $1.7 billion cover-up
On Tuesday, Japanese prosecutors asked the Tokyo District Court to award a 5-year prison term to the former president of camera and medical equipment manufacturer Olympus for his involvement in a...
View ArticleEx-Olympus CEO skeptical over Japan’s corporate leadership
Michael Woodford, former chief executive officer of Japanese camera makers Olympus, has expressed his skepticism over notions that corporate governance in Japan has made great strides. Woodford, who...
View ArticleFormer Olympus chairman receives suspended sentence for $1.7B accounting fraud
Olympus Corp’s former chairman Tsuyoshi Kikukawa received three years jail time suspended for five years for his involvement in the 1.7 billion dollar accounting fraud, the biggest case of corporate...
View ArticleWhistleblowers sue Olympus for continuing to ignore court order
As Japanese camera and medical equipment makers Olympus still continue to struggle with restoring the company’s image recently ravaged by a corporate scandal in 2011, two more employee complainants...
View ArticleEx-Olympus CEO back in Japan to oppose new board nominees
At a press conference yesterday, former Olympus CEO Michael Woodford said that he will be voting against the nominees that
View ArticleDespite vocal disapproval, Olympus board nominees voted in
Even after advisors warned against it, and ousted CEO Michael Woodford denounced the behavior, Olympus has appointed the two most
View ArticleOusted Olympus CEO sues for $60 million
Michael Woodford is taking his former employer, Olympus, to court in London, seeking compensation to the tune of $60 million.
View ArticleOut-of-court settlement for Ex-Olympus CEO Michael Woodford?
Tracking more of Michael Woodford news, we now learn that the whistle-blowing CEO’s case is being delayed by the presiding
View ArticleEx-Olympus CEO Woodford reaches $15.6 million settlement
Michael Woodford, the former Olympus CEO who was fired after only two weeks for discovering a $1.7 billion accounting scandal,
View ArticleFormer Singaporean banker pleads guilty in Olympus fraud case
A Singaporean ex-banker has pleaded guilty to one count of conspiracy to commit wire fraud in Japan’s Olympus Corp fraud case at a federal court in New York. Chan Ming Fon admitted to helping liquidate...
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