Ex-Olympus boss awarded £10m payout
Michael Woodford, who lifted the lid on a £1 billion scandal, reached an 11th hour agreement with the Tokyo-based camera and medical equipment firm before a tribunal last month, but the size of his settlement has only now been revealed.
The 51-year-old from London was dismissed in October after he questioned exorbitant fees for advice on buying British medical equipment maker Gyrus and other expensive acquisitions in 2008.
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Hide AdHe sued his former employer for unlawful firing and discrimination after the rest of the board met without hearing from him and kicked him out.
Meanwhile, Olympus unveiled a restructuring that will see it cut 2,700 jobs or 7 per cent of its global workforce.