Reported about 1 month ago
Olympus Corp has terminated CEO Stefan Kaufmann following allegations of illegal drug purchases, causing the company's shares to drop by 6%. Kaufmann, who had just taken over in April, was found to have likely acted against the company's ethical standards, leading to his resignation. The company's former CEO Yasuo Takeuchi has stepped in temporarily as they navigate this scandal, marking yet another chapter in Olympus's history of corporate controversies.
Source: YAHOO