who , in the Cayman Islands . Michael Woodford fired as Olympus CEO after he uncovered a $ 1 billion cover - up . Woodford was fired as first foreign CEO when a local newspaper broke news . Olympus shares lost around 80 % of their market share in weeks after . 2015 : Case highlights the dysfunctionality of corporate governance .
Michael Woodford fired as Olympus CEO after he uncovered a $ 1 billion cover - up . Woodford was fired as first foreign CEO when a local newspaper broke news . Olympus shares lost around 80 % of their market share in weeks after . 2015 : Case highlights the dysfunctionality of corporate governance .