Michael Woodford was the CEO of Olympus company from 1st Dec 1990 to 30th June 1991.[1] He had risen through the ranks of giant Japanese firm Olympus to become CEO. But just weeks into the job in Tokyo he came across allegations of enormous fraud involving over Sterling Pounds one billion. No one in the company talked about it although they knew. His every attempt at investigation was blocked. Risking everything, Woodford went on the offensive. He exposed the crimes at the company’s heart. He not only lost his job bus also faced a cover up and possible threats to his life. Woodford did something Olympus didn’t expect. He fought back and became a hero. He was compensated. This suffering illustrates the effects of not having an anonymous reporting system.
[1] M Woodford Exposure: From President to Whistle blower at Olympus Portfolio Penguin (July 4, 2013)
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