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Summary Box: Olympus management to face critics

The Associated Press

Former Olympus Corp. President and CEO Michael Woodford gestures 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)

WHAT'S HAPPENING: Olympus Corp. has a shareholders' meeting on Friday. Olympus has a solid lock over investor votes for approval of its proposed new management.

HOPING FOR A MESSAGE: The former Olympus Corp. president who blew the whistle on massive fraud isn't optimistic about winning change. But he hopes for a solid show of opposition against management from overseas investors.

ABOUT THE SCANDAL: Although it initially denied wrongdoing, Olympus later acknowledged it hid $1.5 billion in investment losses dating back to the 1990s.