SNAPSHOT OF A SCANDAL
THE EXECUTIVES
Masatoshi Kishimoto (far right)
President 1993 – 2001
Tsuyoshi Kikukawa (right)
President 2001 – 2011
Hisashi Mori former executive vice president – left Nov 2011
Hideo Yamada ex-internal auditor – left Nov 2011
“The core of management was corrupted and the surrounding portion was contaminated,” the report found
THE WHISTLEBLOWER
Michael Woodford
Ousted after going public with suspicions of “murky transactions”.
“One had to be prepared to be kicked out of the company to make an objection,” said report
THE AUDITORS
KPMG AZSA
Report said the firm “issued an unqualified clean opinion… without in-depth evaluation… when there was a serious conflict… over the accounting treatment by Olympus”
Ernst & Young ShinNihon
Replaced KPMG AZSA in 2009. Not as heavily censured as KPMG but allowed Olympus to “treat and record a questionable fee as goodwill”, the report found
CONCLUSION
“Olympus should remove its malignant tumour and literally renew itself”