We believe we did nothing illegal," Shuichi Takayama, who became president of Olympus on Wednesday, told reporters in Tokyo. "We disclose with sincerity all the information we can."
Meanwhile, the Securities and Exchange Surveillance Commission has reportedly launched an investigation into Olympus to determine if the Tokyo-based medical equipment and camera maker appropriately disclosed information on the acquisition.
Olympus fired Michael C. Woodford on Oct. 14 because company board members couldn't put up with his "selfish management style," Takayama said.
http://www.japantimes.co.jp/text/nb20111027x1.html
I love the term 'selfish management style'. It is Japan in a nutshell, the board of directors is more important than some damn shareholders.