Fired Olympus CEO Offers to Return Once ‘Toxic’ Board Removed
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Olympus Corp. former Chief Executive Officer Michael C. Woodford said that the company’s “toxic” board must go and that he would be ready to run the company again if the majority of shareholders wanted him to.
Woodford and the Tokyo-based camera and medical-equipment maker’s Chairman Tsuyoshi Kikukawa are feuding after the Briton publicly questioned $687 million paid in fees for a 2008 takeover. Woodford says he was fired for challenging the transaction; Olympus says he was axed over his management style.