Thursday, October 13, 2011 0 comments ++[ CLICK TO COMMENT ]++

Talk about a CEO getting fired before he even gets started

This must be one of the quickest CEO firings... can't believe it lasted less than two weeks:

Olympus Corp. shares fell 13.5% in Japan on Friday morning after the Japanese camera maker dismissed chief executive officer Michael Woodford just weeks after appointing him to the role. Olympus named Woodford, who was also the firm's president and chief operating officer, as its new chief executive on Oct. 1. In a statement, the firm said: "Woodford has largely diverted from the rest of the management team in regard to the management direction and method, and it is now causing problems for decision making by the management team."

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