Woodford named "boldest business person of year"

LONDON Wed Mar 21, 2012 7:06pm IST

Former Olympus CEO Michael Woodford speaks during a news conference at the Japan National Press Club in Tokyo January 6, 2012. REUTERS/Issei Kato/Files

Former Olympus CEO Michael Woodford speaks during a news conference at the Japan National Press Club in Tokyo January 6, 2012.

Credit: Reuters/Issei Kato/Files

Related Topics

Stocks

   

LONDON (Reuters) - Michael Woodford, the former Olympus(7733.T) CEO who blew the whistle on one of Japan's most high-profile frauds, added the title of "boldest business person of the year" to his list of awards for unearthing the $1.7 billion accounting scandal.

Woodford, a rare foreign CEO in Japan who was fired last October after questioning a series of murky acquisitions and fees, received his latest accolade at the Financial Times ArcelorMittal Boldness in Business Awards on Tuesday evening.

"If there was one person who captured the spirit of boldness in business in 2011, it was Michael Woodford at Olympus," said FT editor Lionel Barber.

Armed with a laptop, a clutch of documents and a tale of intrigue, 51-year-old Woodford alerted prosecutors and journalists around the world to a scandal that has seen seven arrested and which sent Olympus's stock plunging 80 percent.

Woodford is one of the few business people to have received awards from almost all major British newspapers. He has been named "Briton of the Year" by The Telegraph and "Business Person of the Year" by The Times, The Independent and The Sun.

The Association of Certified Fraud Examiners (ACFE), the international anti-fraud organisation, has also awarded him its 2012 Cliff Robertson Sentinel Award for whistleblowing.

Woodford is penning an English language memoir of his experiences - to be published by Penguin around October and currently entitled "Exposure" - and is collaborating on a Japanese language book, due to hit bookshelves next month.

Penguin Books UK's editorial director Joel Rickett has bought the world English language rights jointly with Adrian Zackheim at Penguin USA.

In Japan, according to Woodford's UK literary agents Conville & Walsh, rights to the book were sold at auction for a high six-figure dollar figure. It will be published by Hiroshi Hayakawa at Hayakawa Publishing, with Hamish MacAskill of the English Agency in Tokyo acting as co-agent.

(Reporting by Kirstin Ridley; Editing by Jodie Ginsberg)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Shares Hit Record

Sensex, Nifty rise to second consecutive record high

Sensex surges 500 points on BOJ easing, L&T gains

The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro.  Full Article 

REUTERS SHOWCASE

Wilful Negligence?

Wilful Negligence?

SEBI piles pressure on Sahara to sell overseas hotels  Full Article 

Indian Economy

Indian Economy

India's fiscal deficit in H1 almost 83 pct of full-year target.  Full Article 

M&M Earnings

M&M Earnings

M&M Q2 net profit down 4 percent, hit by poor monsoon.  Full Article 

Ban on E-Cigs?

Ban on E-Cigs?

Govt considers ban on e-cigarettes, sale of single smokes.  Full Article 

Commodities

Commodities

Silver futures in India hit four-year low on global cues.  Full Article 

BOJ Policy

BOJ Policy

BOJ shocks markets with surprise easing as inflation slows.  Full Article 

Shadow Banking

Shadow Banking

China's shadow banking sector growing rapidly, third largest in world - FSB.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage