[Reuters] Olympus chairman resigns, watchdog probes firm on disclosure

Posted by: UGN Security

[Reuters] Olympus chairman resigns, watchdog probes firm on disclosure - 10/26/11 10:35 AM

TOKYO (Reuters) - Olympus Corp Chairman and President Tsuyoshi Kikukawa stepped down on Wednesday in response to a widening scandal over dubious acquisition deals, as sources said Japan's securities watchdog was looking into the 92-year-old firm's past dealings.