Olympus Loses $3B in Market Cap in Last 2 Sessions After Firing President Michael Woodford

Olympus (OCPNY) lost more than $3 billion of market cap over the last two sessions, following the firing of President and COO Michael C. Woodford. Shares plunged 24 percent today and 18 percent on Friday following Woodford's firing. Woodward had released a report to the media leaking internal information regarding false accounting, financial assistance and breaches of duties by the board. Olympus is considering legal action against Woodford.