Business & Finance Dan Slater Business & Finance Dan Slater

The Outsider Who Challenged a Corporate Giant

Michael Woodford, an "outsider" president at Olympus, exposed a decades-long financial fraud. Facing humiliation and resistance from the company's "old guard," his fight was driven by personal pride and a sense of duty. The scandal revealed a clash between Western individualism and Japan's feudal corporate culture, where loyalty and face-saving took precedence over transparency.

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