1. What accounting irregularities did Michael Woodford uncover at Olympus?

2. How did the executive leadership respond to Woodford’s revelations?

3. Critics argue that Woodford could have been more effective if he had taken a longer-term approach to addressing the accounting scandal, rather than the “showdown” approach he took with Kikukawa. Is that a fair assessment? Why or why not?

4. After the 2012 accounting scandal, Olympus Corp. committed to a major overhaul of its accounting practices. What do the 2016 settlements convey about that overhaul??