Olympus Says Ex-Chairman Hid Losses Using Fees

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Nov. 8 (Bloomberg) -- Olympus Corp. said three executives helped conceal decades of losses by paying inflated fees to takeover advisers, the first admission of wrongdoing since accusations from its former chief executive officer engulfed the Japanese camera maker in scandal four weeks ago. Bloomberg's Mike Firn reports on Bloomberg Television's "Countdown" with Owen Thomas and Francine Lacqua. (Source: Bloomberg)

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