[Imaging Resource] Olympus dismisses exec VP, admits hiding losses

A fortnight ago, we reported on a developing story at Olympus Corp., parent company of Olympus America Inc., where newly-appointed president and chief executive officer Michael C. Woodford had been abruptly dismissed from both positions, just a fortnight after assuming the latter role. Company chairman Tsuyoshi Kikukawa briefly resumed both roles before stepping down himself, while still denying wrongdoing in the 2008 acquisitions of British medical equipment manufacturer Gyrus Group plc and three little-known Japanese companies. Since our earlier story, Olympus Corp. has now issued...
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