OLYMPUS AND THE WHISTLEBLOWER PRESIDENT

SEVERAL CASES OF WHISTLEBLOWERS

Vibhishana

Vijay Pandhare

NISHA YADAV, WAZIRABAD VILLAGE. Awarded Godrej Bravery award.

Cynthia CooperSherron WatkinsOLYMPUS AND THE WHISTLEBLOWER PRESIDENTHARINI JAMPANI IMTIAZ AHMED MONICA SHARMA VIDHU JOSHIThe Olympus CorporationA 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

Tsuyoshi KikukawaHideo YamadaHisashi Mori

Micheal WoodfordHow they got caught?

Trustable friend of Woodford handed him the FACTA article which revealed the for major issuesOrdered from PWC to audit and investigate the caseConfronted the boards and announced the unfavourable report.Woodford got fired, blew the whistle for the fraud.Stakeholders1.Tsuyoshi Kikukawa -The board chairman2.Micheal Woodford- (COO,CEO The whistle blower)3.Hideo Yamada and Hisashi Mori-They were the master minds behind the fraudulent schemes4.Shareholders of the company5.Dealers of the company6.Customers and owners of Olympus

SuggestionsWoodfort 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.

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