It was a relief to be inside, amid the curious frilly white doilies that cover the seats, and being driven away. But just what were they scared of? Woodford's personal life into it. He turned to his fellow executives - including the chairman who had promoted him, Tsuyoshi Kikukawa - for answers. I was also looking forward to reading this because Woodford wrote it himself, which is unusual—most of these types of books are ghost-written, or co-authored. As he repeats throughout the book, not once during the Olympus scandal did the Japanese shareholders condemn Olympus management, and through either silence or quiet endorsement, continued to support those who had witnessed the fraud. You can take the airport bus.
Now Woodford recounts his almost unbelievable true story and paints a devastating portrait of corporate Japan. They had a vested interest in keeping it all hidden. It is also a harsh indictment of the clubby and unquestioning ways that still flourish in some quarters of the Japanese corporate world. The red Japanese characters it leaves on a page are legally as good as my signature and are crucial for endorsing all official documents in Japan. He portraited himself as Michael Jackson and George Clooney. Woodford paints a devastating portrait of Mr. This aggressive rudeness was all so very atypical, simply not the way business was carried out here.
My apartment, technically no longer mine, was silent. Turned out to be non-fiction, which I seldom read. One of the reasons I loved it so much is because he mentions places and things that relate to me very closely. Some wondered at the appointment - how could a gaijin who didn't even speak Japanese understand how to run a Japanese company? Some people on the reviews seem to be judging Mr. What he had done is encouraging. I was very touched and very impressed.
Of course, they would never do that. Now, Woodford recounts his almost unbelievable true story—from the e-mail that first alerted him to the scandal, to the terrifying rumors of involvement with the Japanese mafia, to the stream of fruitless denials that continued to emanate from Olympus in an effort to cover up the scandal. How this big company beatified its financial reports to cover its loss. Within weeks of achieving this lifetime ambition he sets himself on a path to uncover and expose long-term deceit and corruption at the highest level in the company. Now, Michael Woodford became Mr. Then, just weeks after being granted the top title, he was fired in a boardroom coup that shocked Japan and the business world at large. But within months Woodford had gained the confidence of most of his colleagues and shareholders.
Using it always reminded me of my childhood Post Office set, but it was no plaything. There has never been any conclusive evidence to prove this was the case however at the time I was frightened. My thoughts turned again to the second Facta article, and its suggestion of connections to organized crime, to the Yakuza. The issue should be written by some well-qualified reporters. Every morning before I arrived she would go down to the building's subterranean shopping arcade and in Café Croissant buy me my favourite egg croissant for breakfast. You will learn a lot about the inner workings of a typical Japanese corporation and the lack of corporate governance and business ethics.
Just weeks later, he was fired in a boardroom coup that shocked Japan and the business world. While it reads like a crime thriller, the book definitely brings out the dire need of corporate governance in its true sense. Woodford refers several times to Animal Farm, which he loves for warning about the dangers of power. Japan could use more people like him. And this person wanted to apologize for not coming to me directly and letting me know.
She knew how to look after me - a useless gaijin who didn't speak Japanese - and had made my time in Tokyo go smoothly. Soon after becoming president of the Japanese electronics group in April 2011, Woodford was alerted to a series of odd, costly acquisitions. Having called this extraordinary meeting, Kikukawa was late. Zipping up my bags, I hesitated by the front door. My main goal was to escape as quickly as possible. He pressed repeatedly for explanations, was briefly elevated to chief executive, and then sensationally fired in October 2011. I enjoyed the insight into Japanese culture and it's clear that despite his experience Woodford holds the country in high regard.
The Emperor's trusted sidekick, a bureaucrat, a creature of the corridors - he knows nothing about the real business of customers and products. The author Pulls no punches regarding the doubts he went through in terms of the effects on his family and on the tens of thousands of ordinary employees of the company. The board had seemed scared--why else would they have acted the way they did. You have called him or her, the real hero. The book is a very personal account of Woodford's experiences whistleblowing in a company he worked for for 30 years and the consequences of highlighting financial irregularities. His integrity makes him a welcome outlier in an age of financial scandal. It is highly unfortunate that Mr.
His story is all the more frightening for being true. It provide excellent insight into how governance and culture can greatly impact an organization in both positive and negative ways. He turned to his fellow executives-including the chairman who had promoted him Tsuyoshi Kikukawa-for answers. This article is from the archive of our partner The Wire. Woodford is escorted from the building, at which point he decides to go public, igniting a storm of controversy. He also paints a devastating portrait of corporate Japan—an insular, hierarchy-driven culture that prefers maintaining the status quo to exposing ugly truths.