Personal View site logo
Olympus shares suffer as former CEO goes on the attack
  • 33 Replies sorted by
  • stoneystoney
    This seems fishy. Total outstanding shares 271M. Yesterday and today exchanged roughly 50% of the total outstanding shares. This could be a hostile takeover.
  • Vitaliy_KiselevVitaliy_Kiselev
    Woodford, a graduate of Millbank Business School. Michael C. Woodford joined the sales department of KeyMed (Medical & Industrial Equipment) Ltd., a British subsidiary of Olympus , and in 1991 at the age of 30, became Managing Director, leading the company to grow rapidly. In 2004, he became a board member of Olympus Medical Systems Corp., and in 2005 was appointed Executive Managing Director of Olympus Medical Systems Europa GmbH, where he made drastic reforms to strengthen the organization, thereby increasing revenues. Also during this time, he was also responsible for Olympus' Surgical and Industrial businesses in America. He later became Executive Managing Director of Olympus Europa Holding GmbH, and consolidated all the businesses of Olympus in Europe.

    Interviews of this guy look strange, because he worked 20 years in sales of medical equipment.
    Area that is very "unclean" in all of the countries.

    As part of the payment AXAM received preferred shares in Gyrus with a face value of $177 million on Sept. 30, 2008, according to the PWC report. Less than two months later, on Nov. 28, Olympus agreed to pay $557 million to buy the preferred shares from the adviser, the report said. AXAM subsequently negotiated a further increase in the value of the shares and in March 2010, Olympus paid $620 million for the securities, according to the report. Gyrus stopped trading as of Jan. 30, 2008, according to Bloomberg data.

    Dates here are also very interesting.
    Big career advancements also started in 2008 for Mr. Woodford.
  • Vitaliy_KiselevVitaliy_Kiselev
    In January 2002, Mr. Woodford was appointed a Member of the Order of the British Empire (MBE)

    http://en.wikipedia.org/wiki/Order_of_the_British_Empire

    :-)

    The scandal deepened after Mr. Woodford delivered documents relating to the fees, including a PricewaterhouseCoopers report that he commissioned, to the Serious Fraud Office in Britain. He requested this investigation because the payments were made in Britain.
  • Vitaliy_KiselevVitaliy_Kiselev
    If truly democratic (tm) mass media tell you that this is fraud in Olympus, you can be about 99,99% sure that it is not :-)
    Most probably one of the bank groups offered to buy Olympus and acted through this guy.
    Board refused, this guys tried to blackmail them, and got kicked instead.
    Such interviews are possible only in one case - this guy is part of hostile takeover plot.
    Trying to reduce market value is also good, as ti is necessary for any of such operations.
  • Ian_TIan_T
    He he...those evil US/UK bastards!!!
  • Vitaliy_KiselevVitaliy_Kiselev
    @hishimaru

    Yes it is this motherfucker.
  • hishimaruhishimaru

  • Vitaliy_KiselevVitaliy_Kiselev
    It is not breaking news.
    It is quite old news. :-)

    Just some motherfucker had been thrown out of the office and now his US/UK bosses want revenge :-)
Add a Comment