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    Several Cases of Whistleblowers

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    ImtiazAhmed
    This document discusses several cases of whistleblowers, including Michael Woodford who exposed an accounting fraud at Olympus Corporation. Olympus is a Japanese manufacturer that controls 70% of the global market for optics and reprography. Woodford, who was then COO and CEO, was tipped off about major issues from an article and ordered an audit. He confronted the board with an unfavorable report, was fired, and blew the whistle about the fraud. The fraud was perpetrated by two other executives, and the stakeholders included shareholders, dealers, and customers impacted by the scandal.

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    Several Cases of Whistleblowers

    Uploaded by

    ImtiazAhmed
    17 views10 pages
    This document discusses several cases of whistleblowers, including Michael Woodford who exposed an accounting fraud at Olympus Corporation. Olympus is a Japanese manufacturer that controls 70% of the global market for optics and reprography. Woodford, who was then COO and CEO, was tipped off about major issues from an article and ordered an audit. He confronted the board with an unfavorable report, was fired, and blew the whistle about the fraud. The fraud was perpetrated by two other executives, and the stakeholders included shareholders, dealers, and customers impacted by the scandal.

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    Olympus and the whistleblower president

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    This document discusses several cases of whistleblowers, including Michael Woodford who exposed an accounting fraud at Olympus Corporation. Olympus is a Japanese manufacturer that controls 70% of the global market for optics and reprography. Woodford, who was then COO and CEO, was tipped off about major issues from an article and ordered an audit. He confronted the board with an unfavorable report, was fired, and blew the whistle about the fraud. The fraud was perpetrated by two other executives, and the stakeholders included shareholders, dealers, and customers impacted by the scandal.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pptx, pdf, or txt
    17 views10 pages

    Several Cases of Whistleblowers

    Uploaded by

    ImtiazAhmed
    This document discusses several cases of whistleblowers, including Michael Woodford who exposed an accounting fraud at Olympus Corporation. Olympus is a Japanese manufacturer that controls 70% of the global market for optics and reprography. Woodford, who was then COO and CEO, was tipped off about major issues from an article and ordered an audit. He confronted the board with an unfavorable report, was fired, and blew the whistle about the fraud. The fraud was perpetrated by two other executives, and the stakeholders included shareholders, dealers, and customers impacted by the scandal.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    of 10

    SEVERAL CASES OF

    WHISTLEBLOWERS

    Vibhishana

    Vijay Pandhare

    NISHA YADAV, WAZIRABAD


    VILLAGE. Awarded Godrej
    Bravery award.

    Cynthia Cooper

    Sherron
    Watkins

    OLYMPUS AND THE


    WHISTLEBLOWER
    PRESIDENT
    HARINI JAMPANI IMTIAZ AHMED MONICA SHARMA VIDHU JOSHI

    The Olympus Corporation

    A Japan based manufacturer of optics and reprography products.

    Established on 12th October 1919,Initially specializing in microscope and


    thermometer businesses.

    70% share of the global market

    Tsuyosh
    i
    Kikukaw
    a

    Hideo
    Yamada

    Hisashi
    Mori

    Micheal
    Woodford

    How they got caught?

    Trustable friend of Woodford handed him the FACTA article which


    revealed the for major issues

    Ordered from PWC to audit and investigate the case

    Confronted the boards and announced the unfavourable report.

    Woodford got fired, blew the whistle for the fraud.

    Stakeholders
    1.Tsuyoshi Kikukawa -The board chairman
    2.Micheal Woodford- (COO,CEO The whistle blower)
    3.Hideo Yamada and Hisashi Mori-They were the master minds behind the
    fraudulent schemes
    4.Shareholders of the company
    5.Dealers of the company
    6.Customers and owners of Olympus

    Suggestions

    Woodfort should show them the PWC reports and threaten them to do
    something about the case.

    Olympus should first either get Woodfort back or get a new CEO and
    restructure the organization with removing the unrelated businesses
    and concentrate on the core business.

    The organization is should try to balance Theory E and Theory O


    through giving decisions to even bottom rather than just the top
    management by changing the consensus culture.

    THANK YOU !!!

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