Olympus's Kikukawa Quits as Axed CEO Takes Case to FBI

Olympus's Kikukawa Quits as Axed CEO Takes Case to FBI

Oct. 26, 2011
Oct. 27 (Bloomberg) -- Olympus Corp. Chairman and President Tsuyoshi Kikukawa quit after allegations over acquisitions wiped out more than half the company's market value in two weeks and as the chief executive officer he fired prepares to meet U.S. criminal investigators. Shuichi Takayama, head of the unprofitable camera division, succeeded Kikukawa as president, Olympus said in a statement to the Tokyo Stock Exchange after the close of trade yesterday. Kikukawa will remain as a director, it said. Bloomberg's Mike Firn reports. (Source: Bloomberg)
Bloomberg
Correction: Clarification: