Woodford agrees settlement with ex-employer Olympus
LONDON (Reuters) - Michael Woodford, the ousted Olympus chief executive , has reached an out-of-court settlement with his former Japanese employer for unfair dismissal on grounds of whistleblowing and uncovering one Japan's biggest corporate frauds. The deal on Tuesday came after a delay to an employment hearing in London that was set to throw an unwanted spotlight back on an $1.7 billion accounting fraud that cost the camera-to-endoscope maker its board and reputation. The terms of the settlement were not immediately disclosed, but the payout was expected to run into the millions of pounds. ... read more..
source:http://yhoo.it/KDAKaJ
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