Exposure: Inside the Olympus Scandal: How I Went from CEO to Whistleblower

Exposure: Inside the Olympus Scandal: How I Went from CEO to Whistleblower

by Michael Woodford

Paperback(Reprint)

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Overview

When Michael Woodford was made president of Olympus, he became the first Westerner ever to climb to the top of one of Japan’s corporate giants. Unfortunately, soon after, his dream job turned into a nightmare. Woodford learned about a series of bizarre mergers and acquisitions deals totaling $1.7 billion—a scandal that threatened to bring down the entire company if exposed.

Just weeks later, he was fired in a boardroom coup that shocked Japan and the business world. Woodford fled the country in fear for his life and went straight to the press—making him the first CEO of a global multinational to blow the whistle on his own company.

Now Woodford recounts his almost unbelievable true story and paints a devastating portrait of corporate Japan.

“His story is filled with mystery, suspense, and betrayal.”  —Management Today

“A gripping chronicle.”  —Kirkus Reviews

“I had walked into a John Grisham novel.” —Michael Woodford

Product Details

ISBN-13: 9781591846888
Publisher: Penguin Publishing Group
Publication date: 02/25/2014
Edition description: Reprint
Pages: 272
Product dimensions: 5.40(w) x 8.20(h) x 0.80(d)
Age Range: 18 Years

About the Author

Michael Woodford was named Business Person of the Year by four major newspapers and won the Financial Times/ArcelorMittal Boldness in Business Person of the Year award. He lives in London.

Table of Contents

Dramatis Personae viii

Preface xiii

Prologue 1

1 Rumours and Revelations 5

2 'Who do you work for?' 20

3 Antisocial Forces 37

4 Showdown 58

5 Escape 71

Intermission 77

6 Homecoming 93

7 The Three Musketeers 111

8 The Big Apple 134

9 Return 152

10 Rotten to the Core 173

11 Winning the Argument, Losing the War 192

12 Rising Suns Also Set 207

13 Sayonara to All That 223

Epilogue: Bells and Whistles 233

Afterwords 236

Acknowledgements 246

Index 249

What People are Saying About This

From the Publisher

“A gripping chronicle by a corporate whistle-blower who achieved a stunning victory.”
Kirkus Reviews

Exposure treats readers to a fascinating inside look at bare-knuckled corporate governance…[it] should be compulsory reading for company directors and MBA students.”
The Economist
 
“Woodford has written a brilliantly gripping book, with a great hero at its heart. His story is all the more frightening for being true.”
—Rosamund Urwin, The Evening Standard (UK)
 
“Michael Woodford took a considerable risk in exposing wrongdoing. He was a study of boldness in action.”
—Lionel Barber, editor, Financial Times
 
“Woodford’s reaction to the corporate malfeasance and corruption he discov­ered once he reached the top is even more noteworthy, though perhaps not surprising. Throughout his life he had demonstrated a willingness to speak out against what he perceived as treachery, even when it could result in financial harm or personal danger.”
Bloomberg BusinessWeek
 
“Michael Woodford could have spent years turning a blind eye to the shady dealings of corporate executives at Olympus. Instead . . . he dove headfirst into allegations of corporate misconduct.”
Time, in naming him a 2011 Person Who Mattered
 
“Michael Woodford is a man who did not stand by and do nothing. He stood his ground and he spoke the truth. It’s people like him who keep our soci­ety from falling into total darkness. Japan could use more people like him.”
—Jake Adelstein, author of Tokyo Vice, from the Afterword
 
“He’s the most celebrated international whistleblower of recent times. His story is filled with mystery, suspense, and betrayal.”
Management Today
 
 “Michael Woodford lost his job for his integrity.”
The Economist

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Exposure: Inside the Olympus Scandal - How I Went from CEO to Whistleblower 4.5 out of 5 based on 0 ratings. 2 reviews.
Anonymous More than 1 year ago
An excellent read!  More of a John Grisham tale than a business book, with the only difference being that this story actually happened.  The author lost everything that he had worked for and almost lost his family and his life trying to expose the truth.   Woodford sets the tone of the story by describing his meteroic rise from humble beginnings with no formal education  to become the CEO of Olympus, the Japanese iconic $12B -"no foreigners need apply for management positions", corporation.  He then straps you into a roller coaster ride that takes you across multiple continents single handedly trying to tell his message to the  world, while potential paid killers are on his trail. A true "David vs. Goliath-san" adventure.
LovesToReadTG More than 1 year ago
I found the book to be a little dry but a good overview of the situation that occurred at Olympus and, based on my experience with Japanese firms during the 80s and 90s, a good insight into the mindset of senior Japanese management. As well a warning about incentuous relationships in Japanese business world between firms and banks.