cover-ups

  • Former Olympus CEO settles lawsuit over his dismissal

    The former CEO and president of Olympus Corp., Michael Woodford, was fired in October 2011 for asking too many questions about the hundreds of millions of dollars the company spent acquiring a medical manufacturer.

  • Japanese prosecutors raid Olympus offices

    Japanese prosecutors were a little late in their raiding of Olympus Corp.’s Tokyo offices on Tuesday, seeing as it’s been more than a month since the company owned up to more than a decade’s worth of accounting fraud that hid investment losses totaling $1.7 billion.

  • Report released on Olympus’s investment loss cover-up

    After a month-long investigation into Olympus Corp.’s massive cover-up of investment losses, a report was released yesterday by an independent panel claiming three former chairmen, three senior aides and other governing members of the Japanese company who did nothing to stop it were “rotten to the core,” and that everyone...

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