President, whistleblower, crusader. "Exposure" is the story of how Michael Woodford exposed the dark heart of Olympus. When Michael Woodford was made President and CEO of Olympus, he became the first Westerner ever to climb the ranks of one of Japan's corporate icons. Then his dream job turned into [...]
With the collapse of the Bretton Woods system, any pretense of a connection of the world's currencies to any real commodity has been abandoned. Yet since the 1980's, most central banks have abandoned money-growth targets as practical guidelines for monetary policy as well. How then can pure 'fiat' c[...]
"It was no comfort to know that I was making history, for the forced removal of a company president is almost unheard of in Japan. I rose quietly, left the room, and holding my head high, walked back to my office. My main goal was to escape as quickly as pos-sible. The board had seemed scared--why e[...]
When Michael Woodford was made president of Olympus, he became the first Westerner ever to climb to the top of one of Japan's corporate giants. Unfortunately, soon a fter, his dream job turned into a nightmare. Woodford learned about a series of bizarre mergers and acquisitions deals totaling $1.7 b[...]
President, whistleblower, crusader. "Exposure" is the story of how Michael Woodford exposed the dark heart of Olympus. When Michael Woodford was made President and CEO of Olympus, he became the first Westerner ever to climb the ranks of one of Japan's corporate icons.
Then his dream job[...]