InfoAnda - Whistleblower Woodford wins Olympus settlement |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Clinton to Afghan women: You will not be forgotten | 20 July 2010
House votes against FCC open Internet rules | | 9 April 2011
Springsteen fans must get refunds | | 19 February 2010

Oracle plans new cloud-based products, first Ellison tweet | | 31 May 2012

Forum Views () Forum Replies ()

Read more with google mobile : Whistleblower Woodford wins Olympus settlement |

Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Issues 2012 Candidates 2012 Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. Marcus David Cay Johnston Bethany McLean Edward Hadas Hugo Dixon Ian Bremmer Lawrence Summers Susan Glasser The Great Debate Steven Brill Jack & Suzy Welch Frederick Kempe Christopher Papagianis Breakingviews Equities Credit Private Equity M&A Macro & Markets Politics Breakingviews Video Money Money Home Tax Break Lipper Awards 2012 Global Investing MuniLand Unstructured Finance Linda Stern Mark Miller John Wasik James Saft Analyst Research Alerts Watchlist Portfolio Stock Screener Fund Screener Personal Finance Video Money Clip Investing 201 Life Health Sports Arts Faithworld Business Traveler Entertainment Oddly Enough Lifestyle Video Pictures Pictures Home Reuters Photographers Full Focus Video Reuters TV Reuters News Article Comments (0) Editor's Choice Foie gras farmers force-feed for fuel French farmers who force-feed their ducks to produce foie gras for the luxury food market, are turning their attention to alternative fuels, using excess duck fat to run deisel vehicles. Video Samsung Galaxy S3 gets head start on rival iPhone Lundbeck says Alzheimer's drug effective in trial Opera would cost Facebook over $1 billion Follow Reuters Facebook Twitter RSS YouTube Read Powerful "Flame" cyber weapon found in Iran 28 May 2012 Romney tells vets dangerous world demands powerful military 28 May 2012 UK has changed for worse under Queen Elizabeth: poll 28 May 2012 Dewey files for Chapter 11 in record law firm collapse 7:23am EDT Fukushima radiation seen in tuna off California 28 May 2012 Discussed 123 Romney tells vets dangerous world demands powerful military 104 Iran has enough uranium for five bombs: expert 96 Protests planned after minister calls for gays to be fenced in Watched A look at the UK’s most beautiful face Thu, May 10 2012 One stray dog's incredible journey with Chinese cyclists Sun, May 27 2012 Cruise ship crunch Sat, May 26 2012 Whistleblower Woodford wins Olympus settlement Tweet Share this Email Print Related News Woodford agrees settlement with ex-employer Olympus 5:55am EDT Woodford whistleblowing case delayed by judge Mon, May 28 2012 Whistleblower Woodford to tackle Olympus in court Sun, May 27 2012 Analysis & Opinion Moral of ‘Three Cups’ dismissal: Don’t believe everything you read Can Strine and Castel resolve forum fight in BofA derivative deal? Related Topics Tech » Japan » Former Olympus President and CEO Michael Woodford walks before he attends Olympus Corp's extraordinary shareholders' meeting in Tokyo April 20, 2012. Credit: Reuters/Toru Hanai By Kirstin Ridley LONDON | Tue May 29, 2012 9:17am EDT LONDON (Reuters) - Michael Woodford, ousted as head of Japanese camera-to-endoscope maker Olympus (7733.T) after blowing the whistle on one of Japan's biggest corporate frauds, on Tuesday won a likely multi-million dollar settlement of his claim for unfair dismissal. After a night of negotiations, Woodford's lawyer Tom Linden told a London employment tribunal judge that final agreement hinged on ratification by the Olympus board at a meeting on June 8. "So hopefully today is a closure, a line has been drawn, the company can move on and I can," Woodford, a 51 year-old Briton, told reporters outside the courtroom. "I am not at liberty, under the terms of the agreement, to go into any detail. But I genuinely hope that in the interests of Olympus, they can move forward and also that I can." Woodford, the first foreign CEO appointed at Olympus, was fired two weeks into the job last October after persistently warning about corruption at the top echelons of the company. The company's shares have since crashed, its board has resigned and, against the backdrop of a clutch of arrests and an international investigation by U.S., Japanese and British prosecutors, it is struggling to draw a line under the $1.7 billion accounting scandal. An out-of-court settlement of Woodford's case was widely expected after the tribunal was delayed on Monday for extra discussions among legal teams. Lawyers say most employers prefer to settle such cases rather than risk further reputational damage and unlimited payouts as a result of open court sessions. LOST SALARY CLAIM Woodford, who still had 44 months of his CEO contract to run, had been expected to sue for up to 10 years' lost salary -- worth around 35 million pounds ($56 million) -- although damages would have hinged in part on whether he is likely ever to regain a career at global CEO level again. "I think settlement was always an option, but the adverse media coverage which Olympus would have attracted by defending this case would have influenced the amount and the timing of settlement," noted Jo Keddie, employment partner at law firm Winckworth Sherwood. Woodford, who plans to publish a book in English about his experiences, said he would return to his seaside home in south eastern England. "I'm going sailing this afternoon," he told his legal team. Woodford has said that after an Olympus board meeting at which he was not allowed to speak, he was told to vacate his Tokyo apartment, return his laptops and telephones and take the bus to the airport. Olympus said Woodford was sacked because the 30-year company veteran failed to understand its management style and Japanese culture. But over the following weeks, regulators uncovered an accounting fraud stretching back over more than a decade. Woodford abandoned his attempt to launch a board coup and regain his CEO position in January after failing to win the backing of Japanese shareholders. He blamed cozy ties between its management and big local investors. ($1 = 0.6368 British pounds) (Additional reporting by Simon Meads; Editing by David Cowell) Tech Japan Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter Facebook LinkedIn RSS Podcast Newsletters Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Tuesday, 29 May 2012
Fire kills 19, mostly children, in upscale Qatar mall |
Suu Kyi set for overseas venture after 24 years in Myanmar |
Colombia rebels release proof of life for kidnapped Frenchman |
Iraq set to auction new oil, gas blocks |
Congo probes alleged Rwandan support for rebels |
Turkey approves indictment of Israeli commanders: report |
Leading Bahraini dissident Khawaja ends hunger strike |
RIM's top lawyer joins parade of resignations |
The top films at the North American box office |
Assad faces new international pressure after massacre |
Egyptians torch Shafiq headquarters as vote triggers violence |
Senior Qaeda leader killed in Afghanistan: NATO |
Ai Weiwei says blind dissident's escape will inspire Chinese |
Second big quake strikes northern Italy |
Insight: Israel gas finds launch navy into troubled waters |
Analysis: Nigeria oil bill waters down its reforms |
Israel pours cold water on big-power talks with Iran |
Australian PM seeks to quell party unrest over mine jobs |
In escape from Japan doomsday, capital takes flight |
Samsung Galaxy S3 gets head start on rival iPhone |
Softbank unveils post-Fukushima radiation smartphone |
China's dynamic app industry lures foreign entrepreneurs |
China moves to tame microbloggers amid censorship claims |
Chinese online gamers use big pineapple to sidestep sales ban |
Huawei denies getting illegal Chinese subsidies |
Panasonic mulls shrinking HQ workforce: source |
Justin Bieber accused of battering man taking photos |
Elvis' crypt, other rock, sports items to be sold |
Assad digs in as West expels Syrian envoys |
U.S. expels top Syrian diplomat |
Cardinals hunt further suspects in Vatican leaks case |
Suu Kyi ventures abroad after 24 years in Myanmar |
Hollande set for slim parliament win |
Russia rebukes undiplomatic U.S. envoy |
Mali rebels split over sharia in new state |
IMF urges emergency steps to stabilize Sudan economy |
French court backs Google in TV piracy case |
China's Huawei and ZTE deny getting illegal subsidy |
Israel banks mull conversion of TowerJazz notes |
Teledyne to buy LeCroy for $240.5 million |
Sprint arranges $1 billion credit to buy Ericsson gear |
Opera would cost Facebook over $1 billion: analysts |
Russia's VKontakte delays IPO after Facebook debacle |
Whistleblower Woodford wins Olympus settlement |
RIM to benefit from job cuts: Macquarie |
Sony's big summer bet starts strong with MIB 3 debut |
Music takes center stage at MTV Movie Awards |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01