Olympus Payments Scandal, Axed CEO Woodford

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Nov. 8 (Bloomberg) -- David Herro, chief investment officer of international equities at Harris Associates LP, talks about a scandal involving Japanese camera and medical-equipment maker Olympus Corp. Olympus said it hid losses by paying inflated fees to advisers on the 2008 acquisition of Gyrus Group Plc, the first admission of wrongdoing from the company since accusations from its former chief executive officer surfaced four weeks ago. Herro speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)


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