toggle

AAPL Stock: 113.29 ( + 0.37 )

Subscribe to this page now.

Olympus settles with ex-CEO before employment tribunal

05/29, 9:05am

Ex-CEO Woodford agrees settlement ahead of whistle-blowing trial

Olympus ex-CEO Olympus Michael Woodford has agreed to a settlement with his former employer. An employment tribunal due to run in London this week would have seen Woodford asking for 10 years pay as compensation for being fired from the camera maker, after he emerged as a whistle blower on $1.7 billion in fraudulent accounting practices over a 20-year period. According to Reuters, the undisclosed settlement is expected to be less than the $60 million originally believed to be requested.

more

Olympus board resigns after naming new CEO and board chair

02/27, 11:30am

Olympus medical equipment exec will be new CEO

At its meeting on Monday, the entire board of directors at Olympus has resigned. As its last act, the the board named Hiroyuki Sasa, 56, as its next president. Former Sumitomo Mitsui Banking Corp. executive Yasuyuki Kimoto, 63, was also selected to be the new board chairman. The appointments will require shareholder approval at a special meeting scheduled for April 20.

more

Advertisement

Connect with Us

FREE Apple, iPhone and Mac Newsletter

  • We will not share your email address with anyone.

    Follow us on Facebook

    toggle

    Most Popular

    Advertisement

    Recent Reviews

    ZTE Spro 2 Smart Projector

    Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...

    MSI Geforce GTX 970 100ME

    When Nvidia announced a new line of video cards in September 2014, many people thought things would continue to be business as usual i ...

    Wren V5US Wireless Sound System

    If you're a music fanatic, chances are you are, by extension, a bit fanatical about what you listen to your music on. If you're like ...

    toggle

    Most Commented