Olympus’s Takayama Says He Wants to Avoid Battle With Woodford
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Olympus Corp. President Shuichi Takayama said he wants to avoid a battle for control of the company with predecessor Michael Woodford, whose ouster sparked a fraud scandal that may cost the camera maker its listing.
Olympus has been reeling since Woodford questioned inflated fees and takeover costs after he was fired Oct. 14. The company, having admitted to a 13-year scheme to hide losses and having purged senior executives, still faces criminal probes, a battle for management control and a TSE review that may yet see it ejected from the world’s second-biggest bourse.