More than seven months after the abrupt dismissal of whistleblower Michael Woodford, Japan's Olympus Corp. has reached a settlement with its former president and CEO, reports Associated Press correspondent Yuri Kageyama. The last-minute deal comes right as Woodford's claim of unfair dismissal was to be heard before an employment tribunal in London. The AP article, redistributed by Bloomberg Businessweek, notes that terms of the deal haven't been made public, however Woodford is widely rumored to have accepted a £10m settlement. Near-simultaneously, Japanese media is reporting that Olympus...
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