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Former Olympus boss Michael Woodford gets settlement

Michael Woodford, the sacked UK former CEO of Olympus, has settled his claim of unfair dismissal with the Japanese camera firm.

Woodford was fired last October after he questioned dubious payments made by the firm.

After initially denying the accusations, Olympus eventually admitted that it had hidden USD1.7 billion of losses over 20 years.

(Source: BBC News)