It is the second time Olympus has removed a foreign-born leader. In 2011, it fired Michael Woodford, its former chief, weeks ...

While one of the six individuals has since died, the fine will be passed on to his heirs The Olympus scandal came to a head in 2011 when then-CEO Michael Woodford confronted the board regarding his ...

In October 2011, Michael Woodford was suddenly ousted as CEO of Olympus Corporation, a multi-billion dollar Japanese optical company. What followed was international media furor which exposed one ...