Ex-CEO to publish book on Olympus scandal

7 years ago by in Business, Featured

Michael Woodford, the British ex-CEO of Olympus who sparked a huge scandal last year when he unveiled a cover-up of massive losses from the 1990s, said he would publish a memoir about the case next month.

The 320-page book will present the inside story of the man who raised questions about huge payments for financial advice and acquisitions of firms unrelated to the company’s mainstay businesses and then was fired.

The memoir is scheduled to be released on April 15 in Japanese, while an English edition will follow in October, according to Hayakawa Publishing Corp., quoted by Kyodo.

The book may thus be published only few days before a shareholder meeting at Olympus scheduled for April 20, at which Woodford plans to participate.

Tokyo-based Olympus at first denied any wrongdoing but later acknowledged it hid 117.7 billion yen ($1.5 billion) in investment losses dating back to the 1990s.