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Woodford drops comeback bid as Olympus president

TOKYO, Japan - File photo taken in Tokyo on Dec. 15, 2011, shows former Olympus Corp. President and Chief Executive Officer Michael Woodford. He said on Jan. 6, 2012, that he will give up his bid to regain the presidency of the scandal-mired optical and medical equipment maker.

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Woodford loans discovered

TOKYO, Japan - Photo shows Michael Woodford, former president of Japanese camera and medical equipment maker Olympus Corp. The company said June 29, 2012, it has corrected its financial statements again after finding that Woodford borrowed 384 million yen from a British subsidiary. Olympus was hurt by the scandal that surfaced when Woodford exposed the fact the company had hidden huge investment losses for years.

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Ex-Olympus CEO Woodford eyes legal action

TOKYO, Japan - Michael Woodford, former president and chief executive officer of Olympus Corp., speaks at the Japan National Press Club in Tokyo on April 20, 2012. Woodford said he may seek to nullify in a Japanese court the approval given for the company's new management at its extraordinary shareholders' meeting.

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Olympus shareholders meeting

TOKYO, Japan - Michael Woodford, dismissed president and chief executive officer of Olympus Corp., answers reporters' questions before the company's extraordinary shareholders meeting in Tokyo on April 20, 2012. Olympus is seeking approval of its new management lineup and past financial statements which have been corrected, as it aims to make a fresh start after a scandal involving the covering up of investment losses.

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Ex-Olympus CEO to vote against new management

TOKYO, Japan - Michael Woodford, former president and chief executive officer of Olympus Corp., gives a speech at Tokyo's Foreign Correspondents' Club of Japan on April 19, 2012. Woodford said he will vote against part of the company's newly designated management at an extraordinary shareholders meeting the following day.

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Ex-Olympus CEO eyes 'surprise' action

WASHINGTON, United States - Michael Woodford, former president and chief executive officer of Olympus Corp., is interviewed by Kyodo News in Washington on April 2, 2012. He said he is planning to launch a ''surprise'' action at an extraordinary shareholders meeting of the Japanese camera and medical equipment manufacturer slated for April 20, opposing a proposed new management lineup.

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Ex-Olympus CEO Woodford at press conference

LONDON, Britain - Michael Woodford, former president and chief executive officer of Olympus Corp., gives a press conference in London on Feb. 16, 2012, following the arrest of former Olympus Chairman and President Tsuyoshi Kikukawa, two other former executives and a former securities company employee on suspicion of falsifying the company's financial reports in its massive investment loss coverup.

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Woodford named British paper's Businessperson of the Year

LONDON, England - British paper The Independent, in its Dec. 23, 2011 issue, reports it has selected former Olympus Corp. President Michael Woodford as Businessperson of the Year in recognition of his fightback after he was sacked for blowing the whistle on the company's fraudulent activities.

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Woodford at press conference

TOKYO, Japan - Michael Woodford, former president and chief executive officer of Olympus Corp., holds a press conference at the Japan National Press Club in Tokyo on Dec. 15, 2011.

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Woodford at DPJ meeting

TOKYO, Japan - Michael Woodford, former president and chief executive officer of Olympus Corp., attends a meeting of ruling Democratic Party of Japan members to discuss corporate governance in Tokyo on Dec. 14, 2011.

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Woodford at LDP meeting

TOKYO, Japan - Michael Woodford, former president and chief executive officer of Olympus Corp., attends a meeting of Liberal Democratic Party members to discuss corporate governance at the opposition party's headquarters in Tokyo on Dec. 14, 2011.

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Woodford at LDP meeting

TOKYO, Japan - Michael Woodford (R), former president and chief executive officer of Olympus Corp., attends a meeting of Liberal Democratic Party members to discuss corporate governance at the opposition party's headquarters in Tokyo on Dec. 14, 2011. Former Chief Cabinet Secretary Yasuhisa Shiozaki is seated next to Woodford.

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Woodford in Japan

TOKYO, Japan - Former Olympus President and Chief Executive Officer Michael Woodford arrives at Tokyo's Haneda airport on Dec. 13, 2011. He plans to meet with investors in Japan to discuss waging a proxy fight to return as president of the scandal-tainted camera and medical equipment maker.

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Ex-Olympus CEO Woodford

LONDON, Britain - Michael Woodford, former president and chief executive officer of Olympus Corp., speaks at a press conference in London on Dec. 6, 2011.

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Ex-Olympus head Woodford interviewed by U.S. investigators

NEW YORK, United States - Former Olympus Corp. President Michael Woodford (L) is pictured on his way to the U.S. Attorney's Office in New York on Nov. 29, 2011. The Federal Bureau of Investigation and other U.S. investigators later interviewed him there as part of their probe related to the Japanese firm's coverup of investment losses.

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Ex-Olympus head Woodford interviewed by U.S. investigators

NEW YORK, United States - Former Olympus Corp. President Michael Woodford is pictured in New York on Nov. 29, 2011, after being interviewed by the Federal Bureau of Investigation and other U.S. investigators as part of their probe related to the Japanese firm's coverup of investment losses.

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EX-Olympus CEO Woodford leaves Japan

NARITA, Japan - Former Olympus Corp. President and Chief Executive Officer Michael Woodford speaks to reporters at Narita airport in Chiba Prefecture on Nov. 26, 2011, prior to his departure to the United States to meet U.S. authorities to cooperate in a probe related to the company's coverup of investment losses. During his stay in Japan, Woodford met with Japanese investigative authorities and attended an Olympus board meeting.

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Ex-Olympus chief Woodford attends board meeting

TOKYO, Japan - Michael Woodford (C), former chief executive officer and president of Olympus Corp., answers reporters' questions in front of the company's headquarters in Tokyo on Nov. 25, 2011, after attending a company board meeting for the first time since his dismissal in mid-October after calling into question dubious acquisitions by the firm.

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Ex-Olympus chief Woodford attends board meeting

TOKYO, Japan - Michael Woodford, former chief executive officer and president of Olympus Corp., speaks during an interview at a hotel in Tokyo on Nov. 25, 2011. He later attended a company board meeting for the first time since his dismissal in mid-October after calling into question dubious acquisitions by the firm.

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Ex-Olympus chief Woodford attends board meeting

TOKYO, Japan - Michael Woodford (C), former chief executive officer and president of Olympus Corp., is surrounded by reporters while heading for the company's headquarters in Tokyo on Nov. 25, 2011. He later attended a company board meeting for the first time since his dismissal in mid-October after calling into question dubious acquisitions by the firm.

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Ex-Olympus chief Woodford in Tokyo

TOKYO, Japan - Michael Woodford, former chief executive officer and president of Olympus Corp., makes a speech in Tokyo on Nov. 24, 2011. Woodford was visiting Japan to meet with Japanese investigative authorities probing the camera and medical equipment maker's coverup of investment losses.

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Ex-Olympus chief Woodford in Tokyo

TOKYO, Japan - Reporters swarm around Michael Woodford (far R), former chief executive officer and president of Olympus Corp., after he visited the Metropolitan Police Department in Tokyo on Nov. 24, 2011. Woodford met with Japanese investigators over the camera and medical equipment maker's coverup of investment losses.

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Ex-Olympus chief Woodford in Tokyo

TOKYO, Japan - Michael Woodford, former chief executive officer and president of Olympus Corp., meets reporters after visiting the Metropolitan Police Department in Tokyo on Nov. 24, 2011. Woodford met with Japanese investigators over the camera and medical equipment maker's coverup of investment losses.

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Ex-Olympus chief Woodford in Tokyo

TOKYO, Japan - Michael Woodford, former chief executive officer and president of Olympus Corp., meets reporters after visiting the Metropolitan Police Department in Tokyo on Nov. 24, 2011. Woodford met with Japanese investigators over the camera and medical equipment maker's coverup of investment losses.

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Ex-Olympus chief Woodford meets Japanese prosecutors

TOKYO, Japan - Michael Woodford, former chief executive officer and president of Olympus Corp., heads for the Tokyo District Public Prosecutors Office in Tokyo on Nov. 24, 2011. Woodford met with Tokyo prosecutors later over the camera and medical equipment maker's cover-up of investment losses.

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Ex-Olympus chief Woodford meets Japanese prosecutors

TOKYO, Japan - Michael Woodford, former chief executive officer and president of Olympus Corp., is surrounded by reporters before entering the building (R) of the Tokyo District Public Prosecutors Office in Tokyo on Nov. 24, 2011. Woodford met Tokyo prosecutors later over the camera and medical equipment maker's cover-up of investment losses.

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Ex-Olympus chief Woodford arrives in Japan

NARITA, Japan - Michael Woodford, former chief executive officer and president of Olympus Corp., meets reporters upon arrival at Narita airport near Tokyo on Nov. 23, 2011. Woodford arrived in Japan to meet with Japanese investigative authorities probing the camera and medical equipment maker's coverup of investment losses.

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Ex-Olympus chief Woodford arrives in Japan

NARITA, Japan - Michael Woodford, former chief executive officer and president of Olympus Corp., meets reporters upon arrival at Narita airport near Tokyo on Nov. 23, 2011. Woodford arrived in Japan to meet with Japanese investigative authorities probing the camera and medical equipment maker's coverup of investment losses.

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Ex-Olympus chief Woodford arrives in Japan

NARITA, Japan - Michael Woodford, former chief executive officer and president of Olympus Corp., is surrounded by reporters upon arrival at Narita airport near Tokyo on Nov. 23, 2011. Woodford arrived in Japan to meet with Japanese investigative authorities probing the camera and medical equipment maker's coverup of investment losses.

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Ex-Olympus President Woodford

LONDON, Britain - Former Olympus Corp. President Michael Woodford speaks during a press conference in London on Nov. 21, 2011. Woodford criticized a third-party panel set up by the company to probe its coverup of past securities investment losses, after the panel denied reports of organized crime's involvement in the scandal.

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Ex-Olympus chief Woodford

LONDON, Britain - Former Olympus Corp. Chief Executive Officer and President Michael Woodford speaks in an interview in London on Oct. 31, 2011. He said he is willing to return as president and rebuild the company mired in a scandal over alleged shady acquisitions in the past.

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Ex-Olympus CEO Woodford

TOKYO, Japan - Undated file photo shows Michael Woodford, former chief executive officer and president of Olympus Corp. The Briton, who was ousted from the post, said Oct. 28, 2011, that he had spoken to the Federal Bureau of Investigation regarding the Japanese firm's questionable acquisition of a British medical equipment maker.

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Olympus dismisses Woodford as president

TOKYO, Japan - Tsuyoshi Kikukawa, chairman and president of Olympus Corp., attends a press conference at the Tokyo Stock Exchange in Tokyo on Oct. 14, 2011. He said the company dismissed Michael Woodford as president over management discord and appointed himself, who had been chairman, to double as president, effective the same day.

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New Olympus president

TOKYO, Japan - Michael Woodford, the British president of Olympus Europa Holdings GmbH (R), shakes hands with Tsuyoshi Kikukawa, president of Olympus Corp., during a press conference in Tokyo on Feb. 10, 2011. The Japanese precision instruments maker said Woodford will succeed Kikukawa on April 1.

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The Sun Shines Bright film (1953)

John Russell, Ernest Whitman, Ludwig Stossel, Mitchell Lewis, Charles Winninger & Paul Hurst Characters: Ashby Corwin, Pleasant 'Uncle Plez' Woodford, Herman Felsburg (as Ludwig Stossel), Sheriff Andy Redcliffe, Judge William Pittman Priest, Army Sgt. Jimmy Bagby Film: The Sun Shines Bright (1953) Director: John Ford 01 April 1953 Wem die Sonne lacht (The Sun Shines Bright, USA 1953, Regie: John Ford) John Russell, Ernest Whitman, Ludwig Stossel, Mitchell Lewis, Charles Winninger, Paul Hurst / alte Kriegsveteranen in Uniform werden bei reichem Mann vorstellig, Anliegen vortragen, schwarzer Butler, Diener, Kronleuchter, Kerzenst

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MAJESTIC CINEMA, WOODFORD, ESSEX

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Olympus dismisses Woodford as president

TOKYO, Japan - Tsuyoshi Kikukawa, chairman and president of Olympus Corp., attends a press conference at the Tokyo Stock Exchange in Tokyo on Oct. 14, 2011. He said the company dismissed Michael Woodford as president over management discord and appointed himself, who had been chairman, to double as president, effective the same day. (Kyodo)

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New Olympus president

TOKYO, Japan - File photo shows Michael Woodford, British president of Olympus Europa Holdings GmbH. The Japanese precision instruments maker said Feb. 10, 2011, that Woodford will become its president on April 1, succeeding Tsuyoshi Kikukawa. (Kyodo)

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Ex-Olympus CEO eyes 'surprise' action

WASHINGTON, United States - Michael Woodford, former president and chief executive officer of Olympus Corp., is interviewed by Kyodo News in Washington on April 2, 2012. He said he is planning to launch a ''surprise'' action at an extraordinary shareholders meeting of the Japanese camera and medical equipment manufacturer slated for April 20, opposing a proposed new management lineup. (Kyodo)

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Ex-Olympus CEO Woodford eyes legal action

TOKYO, Japan - Michael Woodford, former president and chief executive officer of Olympus Corp., speaks at the Japan National Press Club in Tokyo on April 20, 2012. Woodford said he may seek to nullify in a Japanese court the approval given for the company's new management at its extraordinary shareholders' meeting. (Kyodo)

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Olympus shareholders meeting

TOKYO, Japan - Michael Woodford, dismissed president and chief executive officer of Olympus Corp., answers reporters' questions before the company's extraordinary shareholders meeting in Tokyo on April 20, 2012. Olympus is seeking approval of its new management lineup and past financial statements which have been corrected, as it aims to make a fresh start after a scandal involving the covering up of investment losses. (Kyodo)

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Ex-Olympus CEO to vote against new management

TOKYO, Japan - Michael Woodford, former president and chief executive officer of Olympus Corp., gives a speech at Tokyo's Foreign Correspondents' Club of Japan on April 19, 2012. Woodford said he will vote against part of the company's newly designated management at an extraordinary shareholders meeting the following day. (Kyodo)

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Ex-Olympus CEO Woodford at press conference

LONDON, Britain - Michael Woodford, former president and chief executive officer of Olympus Corp., gives a press conference in London on Feb. 16, 2012, following the arrest of former Olympus Chairman and President Tsuyoshi Kikukawa, two other former executives and a former securities company employee on suspicion of falsifying the company's financial reports in its massive investment loss coverup. (Kyodo)

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New Olympus president

TOKYO, Japan - Michael Woodford, the British president of Olympus Europa Holdings GmbH (R), shakes hands with Tsuyoshi Kikukawa, president of Olympus Corp., during a press conference in Tokyo on Feb. 10, 2011. The Japanese precision instruments maker said Woodford will succeed Kikukawa on April 1. (Kyodo)

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Woodford drops comeback bid as Olympus president

TOKYO, Japan - File photo taken in Tokyo on Dec. 15, 2011, shows former Olympus Corp. President and Chief Executive Officer Michael Woodford. He said on Jan. 6, 2012, that he will give up his bid to regain the presidency of the scandal-mired optical and medical equipment maker. (Kyodo)

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Ex-Olympus CEO Woodford

LONDON, Britain - Michael Woodford, former president and chief executive officer of Olympus Corp., speaks at a press conference in London on Dec. 6, 2011. (Kyodo)

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Woodford named British paper's Businessperson of the Year

LONDON, England - British paper The Independent, in its Dec. 23, 2011 issue, reports it has selected former Olympus Corp. President Michael Woodford as Businessperson of the Year in recognition of his fightback after he was sacked for blowing the whistle on the company's fraudulent activities. (Kyodo)

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Woodford at press conference

TOKYO, Japan - Michael Woodford, former president and chief executive officer of Olympus Corp., holds a press conference at the Japan National Press Club in Tokyo on Dec. 15, 2011. (Kyodo)

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Woodford at DPJ meeting

TOKYO, Japan - Michael Woodford, former president and chief executive officer of Olympus Corp., attends a meeting of ruling Democratic Party of Japan members to discuss corporate governance in Tokyo on Dec. 14, 2011. (Kyodo)

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Woodford at LDP meeting

TOKYO, Japan - Michael Woodford (R), former president and chief executive officer of Olympus Corp., attends a meeting of Liberal Democratic Party members to discuss corporate governance at the opposition party's headquarters in Tokyo on Dec. 14, 2011. Former Chief Cabinet Secretary Yasuhisa Shiozaki is seated next to Woodford. (Kyodo)