Monday, November 28, 2011

Olympus board face collective resigned under pressure

November 28 morning news, former director GongTian plow to Olympus olympus li-42b battery are now working to push the company to reform, he says, the company executives from the board of directors shall be collective to resign, but in the company to resume before stability, was to continue as a management position.

GongTian plow to already retiring in 2006. But his views still highlights the financial scandal in the Olympus dilemma with management.

GongTian plow to accept in media interviews that, last month refused to former CEO Michael wood ford (Michael Woodford) have questioned the problem to launch an investigation, show that at present the members of the board of directors of Olympus olympus li-50b battery lack of regulatory ability. Olympus later admitted that, with more than dollar acquisition costs cover investment loss.

But GongTian plow to think, if the existing director full stop daily work and duties, Olympus also will be in trouble. This is because the executive leadership to the company all the important business, including overseas business executives and camera and medical equipment department. "If all people are leaving the company, will be a big problem." He said, "they need to continue to help the company out of trouble."

Olympus spokesman has not immediately comment, the company's current and former director also were not available to comment.

Olympus this month accused three Olympus olympus li-60b battery executives for financial scandal shall be responsible for, the three executives already resignation last week. The three of them were not available to comment.

Many investors are also called on Olympus executives resigned, and think they can't rebuild the company reputation. Part of the shareholders or even requirements at wood shall be reinstated. Because questioned day price consultation fee, wood ford has in mid-october be fired. GongTian crops for the support staff in set at wood.

Olympus current management by the President GaoShanXiu a leadership, they think, if let the firm in the state of the Olympus BLS-5 battery decapitated, they will have a greater dilemma. GaoShanXiu a to Olympus staff released last week an open letter says, current management leadership plan to achieve the company revival, and in June next year will be the shareholders' general meeting published the new management structure and reform plan.

Wood ford said on Friday, he and the board of directors has reached an agreement, namely the existing management shall, at least to stay on until December 14, before the deadline to release after the adjustment results. Wood ford said he believes that will open management restructuring as soon as possible.Olympus BLM-5 battery

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