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NEWS and REPORTS => World News => Topic started by: newswarrior on Jan 06, 2012, 07:02 PM

Title: Woodford to sue Olympus over firing, drops CEO bid (Reuters)
Post by: newswarrior on Jan 06, 2012, 07:02 PM
Reuters - The ousted British CEO of disgraced Olympus Corp, who blew the whistle on a $1.7 billion accounting fraud, dropped his bid to return to lead the medical device maker, blaming cozy ties between its management and big Japanese shareholders and saying the saga had taken its toll on his family.