World News | January 06, 2012 | 0 comments

Woodford drops Olympus CEO bid, to sue for unfair dismissal

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The ousted British CEO of Olympus Corp (7733.T), who blew the whistle on a $1.7 billion accounting fraud, dropped his bid to return to the medical device maker, blaming cosy ties between its scandal-tainted management and big Japanese shareholders and saying the saga had taken its toll on his family.

link:http://in.reuters.com/article/2012/01/06/olympus-idINDEE80504G20120106
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