Thursday, March 29, 2012

Olympus open to rehiring ex-CEO Woodford but skepticism reigns

photoTOKYO (Reuters) - Japan's disgraced Olympus Corp said Thursday it would consider reinstating its sacked CEO, Michael Woodford, but the gesture failed to erase doubts that it would ever rehire the foreigner who blew the whistle on its crooked accounts. The maker of cameras and medical equipment said Woodford, an Englishman, would be considered as a candidate for the role of leading Olympus out of a $1.7 billion accounting fraud, one of Japan's worst corporate scandals. ...


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