Michael Woodford was working at the Olympus corporation when he became suspicious of some shady transactions. Little did he know that his discovery was about to snowball into an almost $5 billion fraud, the largest in Japan’s history. In this episode we take out the twisting story of the Olympus fraud.
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Hey guys. Wanted to jump in and address the few typos and that one weird pronunciation. Taking steps to ensure this doesn't happen again. I really should stop working late into the nights! I promise I'll become the "epi-tomey" of quality.
Thanks for keeping me in check.
Did they have an actual clown proposing these plans?😆
You mispronounced or just plain got all the Japanese names in this totally wrong. It's a phonetic language…
Japan and fraud? is not unexpected, what are you talking about 🙂
as always: brilliant! thanks for another fascinating story!
Absolutely LOVE your channel and video's Dagogo. One of my favourites and one I consistently watch and yes Im subscribed. You might though, just want to take a look at the multiples of typo's and spelling errors in onscreen text. For such a well produced and informative YouTube channel, it does you a disservice. Im not sure who is editing/proofreading but they're not doing too well. Thanks though for yet another great story!
In my country, shoplifting chocolates or bread sends you to jail— I guess it pays being rich.
as always Dagogo, nicely presented and well delivered. however, I don't wanna take a dump on your narration, but the pronunciation of certain words could use some work. I know it's a little difficult to get your chops around some Japanese words, but just read them a little closer and revise your narration if need be. also "epitome" isn't said the way it's spelt.. "ee-pit-o-mee". again, not to deliberately nit-pick, but to keep your channel professional, sometimes a little more care is needed.
Best thing to do is quit having kids. Nothing is what it looks like. Like going out of space. Don't take a camera. How did the universe get started??? Keep the wheels rolling.
He was REALLY smart to flee Japan. If he'd stayed, the company would have set him up as the fall guy (the foreigner often takes the blame in Japan) and their justice system could have very easily just locked him away with no effort at justice. Japan is a very beautiful and interesting place, but you never want to be staring down its "justice" system, especially as an outsider, especially when a big company is pulling strings to make a problem go away. He might have been fine with all the international attention, but that's a bad gamble.
there is more pressing matter we should look at. The release of highly radioactive contaminated water to the sea from Japan. Looking forward.
This is so common that if you go to learn come accounting now they tech all this now in india
7:59 “should of”? Really man?
Well at least he didn't have to smuggle himself out of japan in a piano case 😅.
I'm sure lesson were learned and no Japanese company would ever try to throw another foreign executive under a bus again in the future.
I misread the thumbnail and I was thinking "Wow, I've never heard of this Olympics controversy before". I felt pretty dumb when you started talking about the Olympus financial scandal.
At 9:30 there’s a typo for the word “demanding” spelled as “depanding” Jsyk.
Tha fact that Volkswagen is allowed to exist is a sign that fraud is not a crime.
Have you covered Hari Nada of Nissan?
Did I really just hear you pronounce "epitome" as ep-i-tome?
Edit: 15:40
Sounds like a pretty normal day on Wall Street or in Congress to me.. 🤔
Woodford should have kept his mouth quiet he will never work again in this capacity. All large corporations have skeletons in their cupboards. Even the government has secrets surrounding impropriety and illegality. He has 10 million for his retirement now. The cynic in me feels that’s probably what he wanted all along.