Woodford

Olympus – A $1.7 Billion Dollar Fraud

One of the best television programmes on business matters was surely the recently broadcast documentary on the fraud at Olympus (BBC TV 4 Storyville under the title "A $1.7 Billion Dollar Fraud" - available on I-Player for the next few weeks). This was the story of Englishman Michael Woodford who was made President of Japanese public company Olympus Corporation, a large manufacturer of optical equipment (revenue $10 billion and 40,000 employees).  Although he had worked for the company for many years, he ...