1.7 Billion Dollar Fraud: Full Exposure
Documentary about a mystifying corporate scandal, involving the dismissal of a Japanese company's British-born president and CEO for blowing the whistle on a huge historical fraud.
In October 2011, Olympus Corporation, a multibillion dollar Japanese optical company, dismissed its president and CEO, British-born Michael Woodford, over cultural differences in management style. Japanese media dutifully reported the dismissal with minimum coverage, another foreign CEO failing to adapt to the Japanese way. But international media reported a brewing scandal where Japanese board members of the company unanimously voted to dismiss Woodford for blowing the whistle on a 1.7 billion dollar fraud that the 93-year-old Japanese company had kept secret for more than two decades.
Film-maker Hyoe Yamamoto unravels the events that led to one of the most mystifying corporate scandals in the world.
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Hyoe Yamamoto, director of 1.7 Billion Dollar Fraud: Full Exposure, answers the Storyville Q&A
What is more important, story or
character?
Wherever
you find an intriguing character, I think a story always follows. I don鈥檛 think
it works the other way around.
I was offered to direct this project by chance by Kazuyoshi Okuyama, a producer who had an infamous head-on collision with Shochiku, one of the major studios in Japan, and was consequently ousted from the company. His producing credits include Takeshi Kitano鈥檚 Sonatine, Hsiao-Hsien Hou鈥檚 A City of Sadness, and Shohei Imamura鈥檚 The Eel to name a few, so for obvious reasons I really wanted to work with him. But I hesitated at first since I didn鈥檛 know anything about the world of finance and corporate culture. Then I began my research and I was so intrigued by what happened and I felt I could bring a lot from my own experience of growing up in the United States, living there for a long time, and going back to live in Japan virtually as a foreigner. As Michael Woodford said in his interview, I myself felt like Alice in Wonderland sometimes.听
How long did it take to get the film
off the ground?
The story
had happened already, and it was all there to make a film out of it. But it
took two and a half years because we couldn鈥檛 get financing to complete it. Not
surprisingly, no Japanese partners came on board because they felt the project
was risky.
What were you most surprised to learn
in the course of production?
I was so
surprised that the whole incident unfolded when I was in Japan, but I didn鈥檛
know very much about it. I have heard about the scandal, but I didn鈥檛 know the
whole story. It鈥檚 surprising and alarming that it went down the way it did and
in the end it was almost like nothing had happened because everything was
forgotten quickly.
Which documentary has most inspired you?
James
Marsh鈥檚 Man on Wire, Kazuo Hara鈥檚 The Emperor's Naked Army Marches On, Hubert
Sauper鈥檚 Darwin's Nightmare, and Raymond Depardon鈥檚 Modern Life.
Rainer Maria Rilke and Stefan Zweig.
What is the best piece of filmmaking advice you鈥檝e ever been given?
Read a lot (by Werner Herzog).
What piece of filmmaking equipment can鈥檛
you live without?
My computers.
If money was no object, what is your
dream documentary subject?
Akira
Kurosawa鈥檚 biography.
What is your favourite film of all
time?
To single
out one film is impossible.I have to name directors: Nagisa Oshima, Agnes
Varda, Ken Loach, John Cassavettes, Claude Sautet, Sam Peckinpah鈥�
What鈥檚 your favourite recent read?
Jack Kerouac鈥檚
On the Road. Somehow my education in the US appeared to have skipped that one,
and I read it recently.
Credits
| Role | Contributor |
|---|---|
| Director | Hyoe Yamamoto |
| Series Editor | Nick Fraser |