The Olympus scandal: Japan's new team, but has anything really changed?

Michael Woodford, former president of Olympus (photo:dpa)
Michael Woodford, former president of Olympus (photo:dpa)

Japanese shareholders in the giant medical equipment and camera company Olympus are hoping to have put last year’s scandal behind them. In the traditional Japanese way, they have put their trust in the new team at the top, without asking too many questions about how fresh the new faces are, and just how much is likely to change. The man who blew the whistle on the scandal, the company’s former chairman, Michael Woodford, is still trying to get his voice heard, but few, it seems want to listen.

JUST six months after the scandal surrounding the Olympus Corporation sent shock waves through the Japanese business community, the company has seemingly recovered from its near downfall and st...

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