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Olympus Ex-Director Petitions Employees to Restore Fired CEO

Olympus Corp. should reinstate Michael C. Woodford as head to rebuild trust after the camera and endoscope maker admitted to hiding losses, a retired company director said.

Koji Miyata, 70, set up the website “Olympus Grassroots” on Nov. 11, and it now has at least 356 people registered as supporters including some existing employees, he said. Miyata, who was a director at Olympus between 1995 and 2006 and has known Woodford for 25 years, said he didn’t contact the former chief executive officer about the website.