Michael Woodford, the ousted boss of Japan's Olympus Corp, has won the battle to force his former employer to admit to more than a decade of accounting fraud. His bid to return as chief executive officer, however, appears doomed.
Woodford has said major lenders to the maker of cameras and medical equipment will decide its fate - and those banks are already lined up behind Olympus managers, seemingly intent on slamming the boardroom door shut on him for good. (Reuters)
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