Summary Box: Olympus whistleblower wants answer

Summary Box: Olympus whistleblower Michael Woodford demands to know why he was fired

Associated Press
Summary Box: Olympus whistleblower wants answer
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Former Olympus Corp. President and CEO Michael Woodford speaks during a press conference in Tokyo, Thursday, April 19, 2012. Woodford, who blew the whistle on massive fraud at Olympus Corp., isn't optimistic about winning any moves for change at its shareholders' meeting, but hopes for a solid show of opposition against management. (AP Photo/Shuji Kajiyama)

TAKING A STAND: At a shareholders meeting, the executive who blew the whistle on an accounting scandal at Olympus Corp. demanded to know why he was fired as chief executive. The company declined to answer, citing pending litigation.

THE BACKDROP: Michael Woodford was fired in October after he blew the whistle. The company has acknowledged it hid $1.5 billion in investment losses dating back to the 1990s.

OTHER ACTIONS: The company's proposals, including the approval of new management, were all passed without problem by enthusiastic clapping from about 1,000 people attending the three-hour meeting, despite spurts of shouting from naysayers.

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