But Michael Woodford has a different story: he exposed to the press the mismanagement and accounting cover-ups he discovered at Olympus. Woodford became the first CEO of a global multinational company to blow the whistle on his own company. We talk to him about the 1.7 billion dollar fraud he exposed, as well as what he thinks about larger business practice and economic health in Japan.
And President Obama said he would love to have a business leader for his economic team this term, but it is hard to recruit. Why? He told reporters that recruiting is difficult because "the confirmation process has become so miserable so drawn out." How does senate confirmation get in the way of properly policing the financial sector? Lauren breaks it down in "Reality Check."
Plus, former Senator Alan Simpson has a message for millennials in his Can Kicks Back campaign video: stop tweeting otherwise "these old coots will clean out the treasury before you get there." Lauren and Demetri talk about what is behind the directive in today's "Loose Change." Source