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Ex-Olympus CEO Wins $15 Million Settlement, Company Announces Job Cuts

Ex-Olympus CEO Wins $15 Million Settlement, Company Announces Job Cuts
By AP Jun 8th 2012 @ 8:38AM

By Yuri Kageyama TOKYO (AP) -- Former Olympus Corp. Chief Executive Michael Woodford will receive 10 million pounds (1.2 billion yen, $15.4 million) in a settlement over his dismissal from the Japanese camera and medical equipment maker. Olympus also announced it will cut nearly 3,000 jobs. ...

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