Michael Woodford fired as Olympus CEO after he exposed a $ 1.7 billion cover-up . Woodford was appointed as first foreign CEO when a local magazine broke news . But they did n't listen , not one of the 14 ( board members ) , including three non-executive directors . '' Olympus shares lost 81.5 % of their market value in July 2011 after . Michael Woodford : Case highlights the dysfunctionality of corporate the Cayman Islands .
Michael Woodford fired as Olympus CEO after he exposed a $ 1.7 billion cover-up . Woodford was appointed as first foreign CEO when a local magazine broke news . Olympus shares lost 81.5 % of their market value in July 2011 after . Michael Woodford : Case highlights the dysfunctionality of corporate the Cayman Islands .