[Reuters] Olympus chairman quits; Japan watchdog probes firm

Posted by: UGN Security

[Reuters] Olympus chairman quits; Japan watchdog probes firm - 10/26/11 12:55 PM

TOKYO (Reuters) - Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm's market value while his successor stuck with the company's line that it had done nothing wrong.