The Olympus Scandal: Poster Child for Corporate Fraud in Japan | Inside the Storm | FD Finance
Rise and Fall of Olympus | FD Finance
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Olympus made its mark in the world of photography in the 1970s. The company continued innovating with breakthrough products right till the 2000s. But then, an auditing scandal came to light, causing an internal crisis. Inside the Storm: Back from the Brink reveals how Olympus overcame the odds.
Big businesses rise and fall every day. Inside the Storm: Back from the Brink, is a documentary series that follows the lifecycle of four of the biggest industry players, revealing intimate details on how these major companies were run, and their survival techniques when they nearly fell into the depths. Supplemented by interviews from industry players and professionals from around the world, this series documents how these business titans survived despite the odds and turbulence hitting them where it matters. Marvel: breaking into the film industry saved the comics publishing giant; Olympus: Japan’s largest optical company overcame one of the largest accounting scandal; Philips: innovating out-of-the-box ensured the survival of this technology giant; and Nissan: the iconic Japanese car brand saved by one of the most charismatic and loved CEOs in Asia.
Watch insider testaments to the dealings that transformed industries and prevented these giants from the fall of their businesses.
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14 Comments
Thats one brave man.
Yakuza we’re shareholders, may have help build the company from the beginning.. Service fee
Him being made president should have been the 1st red flag.
That story does not express the fact that it's very hard to believe a word of what the british are saying.
Olympus microscopes really are the best in the world. Even twenty year old instruments are highly sought after and command high prices on rhe secondary market because of their incredible craftsmanship.
I have an old model that I paid.$4000 for four years ago and it is a wonderful tool.
How much corruption is really out there?
In other words, Michael Woodford is just a puppet CEO for Olympus.
Welcome to the real Japan!
But why do you want to change Japaneese corporate culture….Economic hitman
President had as much power as janitor… Just a face
Jan 2021 Olympus sold "divested" its camera company to JIP Japan Industrial Partners, which was renamed OMDS OM Digital Solutions. You can already see the new logo label on the camera 47:12 Interesting back in 2020 and 2021 it was very unclear why Olympus was dumping their camera company and never mentioned the financial scandal and company restructuring. Even this story fails to discuss this and pretends Olympus Camera is still a part of Olympus.
Rather weird that a British citizen he succeeded in destabilizing Olympus while the world does know that British corporates are not that transparent… Eventually Olympus gained on all fronts: its market cap is US$200 yet
Facil, renuncia, …que se los carcgue la chingada y punto!!!.
My biggest question, has Olympus completely eliminated the Yakuza from the company? Because those big men with tattoos trying to intimidate Woodford are still out there. What if Woodford ended up headless? That could've happened. The was more than a $1B missing. That's more than enough reason for the company to get rid of their whistleblower. It's currently happening with Boeing.