TOKYO (Reuters)
- Ousted Olympus CEO Michael Woodford, who is campaigning to regain his
old job at the disgraced Japanese company, said on Wednesday that he
wanted no part in breaking up the firm, now struggling to survive a
massive accounting scandal.
Woodford, who blew the whistle on the
$1.7 billion scheme to hide investment losses stretching back two
decades, told a meeting with opposition lawmakers that he was ready to
meet Olympus President Shuichi Takayama at any time and that he wanted
to avoid a proxy fight for control of the 92-year-old maker of cameras
and endoscopes.
Woodford, who arrived in Tokyo late
on Tuesday for his second trip to Japan since he fled to Britain after
being sacked in October, faces a battle with the current board in his
campaign to return to the helm of the company.
Olympus faces a deadline on Wednesday
to publish its earnings for the six months to September and will also
release revised past financial statements.
(Reporting by Tim Kelly; Editing by Edwina Gibbs)
- Ousted Olympus CEO Michael Woodford, who is campaigning to regain his
old job at the disgraced Japanese company, said on Wednesday that he
wanted no part in breaking up the firm, now struggling to survive a
massive accounting scandal.
Woodford, who blew the whistle on the
$1.7 billion scheme to hide investment losses stretching back two
decades, told a meeting with opposition lawmakers that he was ready to
meet Olympus President Shuichi Takayama at any time and that he wanted
to avoid a proxy fight for control of the 92-year-old maker of cameras
and endoscopes.
Woodford, who arrived in Tokyo late
on Tuesday for his second trip to Japan since he fled to Britain after
being sacked in October, faces a battle with the current board in his
campaign to return to the helm of the company.
Olympus faces a deadline on Wednesday
to publish its earnings for the six months to September and will also
release revised past financial statements.
(Reporting by Tim Kelly; Editing by Edwina Gibbs)