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Today in History: Michael Woodford ousted as Olympus CEO amid scandal

10/14/2025

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Summary

Story summary

On October 14, 2011, Michael Woodford was ousted as CEO of Olympus after revealing significant financial misconduct within the company. His dismissal intensified a scandal that would become one of the largest in Japanese corporate history, highlighting issues of governance and transparency in the business sector.

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Story summary

On October 14, 2011, Michael Woodford was ousted as CEO of Olympus after revealing significant financial misconduct within the company. His dismissal intensified a scandal that would become one of the largest in Japanese corporate history, highlighting issues of governance and transparency in the business sector.