Former Olympus President and CEO Michael C. Woodford said Thursday that while he hopes to avoid a proxy fight over control of the company’s boardroom, such a move may be unavoidable as current President Shuichi Takayama seems unwilling to work with him.
“If (a proxy fight) can be avoided, I think it would be for the good of the company, and for the good of (Japan),” Woodford said during a news conference at the Japan National Press Club in Tokyo. Woodford was fired as Olympus chief in October after blowing the whistle on the firm’s coverup of massive investment losses.
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