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Olympus may pick insider as president following scandal
Scandal ravaged Olympus will appoint an insider, Hiroyuki Sasa, as its next president. The appointment, reported by Nikkei [sub. required], will be effective April 20, and comes in the wake of the resignation of its former president, Shuichi Takayama, who took responsibility for the company's $1.7 billion accounting fraud and subsequent cover-up. Earlier this month, seven former Olympus executives and their investment advisers were arrested for violations related to the fraud.... ...
Published By: Electronista - Monday, 20 February
