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Posts Tagged ‘Woodford’

‘It nearly killed me’ – Ex-Olympus CEO Woodford looks back on crisis

13 Dec

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‘It nearly killed me’ says Olympus CEO-turned-whistleblower Michael Woodford of writing about his dramatic exit from the Japanese company following his 2011 exposure of massive corporate mismanagement. In an interview with Amateur Photographer Magazine, Woodford describes the strain on his personal life, and the process of writing a book about the experience with lawyers poring over every word. He also tells of his intention to give to charity much of the £10M he was awarded for unfair dismissal. Click through for extracts from the interview (from Amateur Photographer).

News: Digital Photography Review (dpreview.com)

 
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‘It nearly killed me’ – Ex-Olympus CEO Woodford looks back on crisis

29 Nov

woodford.jpg

‘It nearly killed me’ says Olympus CEO-turned-whistleblower Michael Woodford of writing about his dramatic exit from the Japanese company following his 2011 exposure of massive corporate mismanagement. In an interview with Amateur Photographer Magazine, Woodford describes the strain on his personal life, and the process of writing a book about the experience with lawyers poring over every word. He also tells of his intention to give to charity much of the £10M he was awarded for unfair dismissal. Click through for extracts from the interview (from Amateur Photographer).

News: Digital Photography Review (dpreview.com)

 
Comments Off on ‘It nearly killed me’ – Ex-Olympus CEO Woodford looks back on crisis

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Former CEO Woodford quits Olympus board to call for new management

01 Dec

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Olympus’ former CEO Michael Woodford has resigned his position as director of the company and called for a shareholder meeting to dismiss the rest of the board. The company’s share price had started to recover some of the 88% value it had lost in the weeks since Woodford was removed as CEO for highlighting unusual payments by the company (he remained a director). Since then the company has admitted using these payments to cover up losses on earlier investments. An independent committee established by the company has reported it has found no evidence of the rumored involvement of organized crime syndicates in the deals. However, three board members, including the President and Vice-President have resigned over the issue. (via Reuters)

News: Digital Photography Review (dpreview.com)

 
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