Gyrus Group Plc
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...
Michael Woodford, the former Olympus president who was fired after he asked the board of directors to review payments made as part of acquisitions, was asked to a second interview by U.S. investigators. This time, the interview will include the Securities and Exchange Commission.
While Michael Woodford may not be a Klingon, he may also subscribe to the belief that revenge is a dish best served cold. The former Olympus Corp. CEO is currently under fire from the company for allegedly using his position to leak company secrets.