Its then-CEO, Michael Woodford, uncovered an accounting scandal at … Its then-CEO, Michael Woodford, uncovered an accounting scandal at … A Tokyo court found Kikukawa and five others liable for $529m. Trump urges Congress to amend 'wasteful' coronavirus aid bill, Dr Deborah Birx: White House virus expert quits over holiday travel, Elon Musk says Apple's boss snubbed takeover deal, France police shootings: Three officers killed by gunman who is later found dead, Covid-19: Stranded hauliers face 'a few days' at the border, Covid-19: The Philippines and its lockdown baby boom, Kernowite: New mineral found on rock mined in Cornwall, Trump pardons two convicted by Russia investigation, Hong Kong pro-democracy media mogul Jimmy Lai granted bail. Video'Irreparable damage': Italy's ski resorts deserted, A Covid lockdown and 200,000 unplanned babies, TV networks backtrack on US voter fraud claims, The blogger scouring the past to inform the future, The lawyer who fought for women’s suffrage in India, playFauci hopes to encourage others by getting vaccine. This article proposes that the deadlocked debate in Japan over independent directors be expanded in three ways. When the age of film began to wane and digital technology took over, Olympus took a bold decision to champion the Four-Thirds sensor system which was smaller than the sensors used by competitors like Nikon and Canon. Recommended: Learn about VIZIO, a leading HDTV and sound bar brand in the US offering smart products and high performance with significant savings. IN the years that followed the brand achieved iconic status with the OM-1 and OM-2 single-lens reflex models that took the market by storm in the 1970s and were a firm favorite with explorers and outdoor types who appreciated the cameras for their lightweight and compact bodies as well as the superb optics of the Olympus Zuiko range of lenses. Can face masks help people sing together again? In 2011, Olympus attracted … Summary Center of discussion in this paper is Olympus Corporation and its Corporate Scandal. In the meantime, Olympus will continue with its successful business of making microscopes and medical imaging equipment such as colonoscopy tools and gastroscopes. Seven years after corporate Japan was turned on its head when Olympus Corp. became the subject of a massive accounting scandal, a member of … Olympus Corp. of Japan did not disclose the details of what federal officials have been investigating other than saying the focus is on possible violations … © 2020 BBC. When Michael Woodford took over as CEO of Japan's Olympus Corp. last year, he could hardly foresee that within a year he would uncover a massive fraud at the company, … Read about our approach to external linking. The market for digital mirrorless cameras simply wasn’t large enough to sustain Olympus and turn the company a profit. An Overnight Scandal Years in the Making Japan-based Olympus Corporation was founded in 1919 and is known worldwide as a leading manufacturer of medical supplies and cameras. It nearly brought the Japanese electronics company down. VideoCan face masks help people sing together again? It’s conceivable that JIP can keep the iconic brand going but the glory days for Olympus as a photography brand could be coming to an end. Seven years after corporate Japan was turned on its head when Olympus Corp. became the subject of a massive accounting scandal, a member of the … The Olympus fraud has a real life whistle-blower – Michael C. 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