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Sasa to become next Olympus president

TOKYO, Japan - Hiroyuki Sasa, executive officer of Olympus Corp., holds a press conference in Tokyo on Feb. 27, 2012. The Japanese camera and medical equipment maker said the same day it has decided to appoint Sasa to succeed President Shuichi Takayama, who will step down to take responsibility for the company's loss coverup scandal.

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Olympus Pres. Takayama, 5 other executives to resign

TOKYO, Japan - Olympus Corp. President Shuichi Takayama bows at the outset of a press conference in Tokyo on Jan. 18, 2012. Takayama said he and five other board members who are being sued by the company to pay damages for the company's accounting fraud will resign at an extraordinary shareholders meeting in late April.

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Olympus executives bow in apology over scandal

TOKYO, Japan - Olympus Corp. President Shuichi Takayama (far L) and other executives of the camera and medical equipment maker bow at a press conference in Tokyo on Dec. 15, 2011, in a gesture of apology for accounting fraud involving a coverup of colossal losses.

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Olympus to hold shareholders' meeting

TOKYO, Japan - Olympus Corp. President Shuichi Takayama speaks in a press conference in Tokyo on Dec. 15, 2011. He said the company, which is mired in a financial loss coverup scandal, plans to hold an extraordinary shareholders' meeting in March or April 2012.

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Olympus president Takayama

TOKYO, Japan - Olympus Corp. President Shuichi Takayama gives a press conference at a hotel in Tokyo on Dec. 7, 2011, after a panel set up by the company released a report the previous day on Olympus' coverup of investment losses.

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Olympus President Takayama

TOKYO, Japan - Olympus Corp. President Shuichi Takayama apologizes over a scandal, in which the company covered up investment losses, in Tokyo on Nov. 8, 2011.

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Olympus president Takayama at press conference

TOKYO, Japan - Olympus Corp. President Shuichi Takayama is seen during a press conference in Tokyo on Nov. 8, 2011. Takayama apologized for his company's failure to book past investment losses and said it is considering filing a criminal complaint against former President Tsuyoshi Kikukawa and other officials in connection with the issue.

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Olympus president Takayama at press conference

TOKYO, Japan - Olympus Corp. President Shuichi Takayama gives a press conference in Tokyo on Nov. 8, 2011. Takayama apologized for his company's failure to book its past losses and said it is considering filing a criminal complaint against former president Tsuyoshi Kikukawa and other officials in connection with the issue.

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Olympus president Takayama at press conference

TOKYO, Japan - Olympus Corp. President Shuichi Takayama gives a press conference in Tokyo on Nov. 8, 2011. Takayama apologized for his company's failure to book its past losses and said it is considering filing a criminal complaint against former president Tsuyoshi Kikukawa and other officials in connection with the issue.

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New Olympus President speaks on past acquisition deals

TOKYO, Japan - New Olympus Corp. President Shuichi Takayama speaks at a news conference in Tokyo on Oct. 27, 2011, a day after replacing Tsuyoshi Kikukawa as president of the camera and medical equipment maker. During the press conference, Takayama defended the company's past handling of acquisitions as legal and justifiable.

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New Olympus President speaks on past acquisition deals

TOKYO, Japan - New Olympus Corp. President Shuichi Takayama speaks at a news conference in Tokyo on Oct. 27, 2011, a day after replacing Tsuyoshi Kikukawa as president of the camera and medical equipment maker. During the press conference, Takayama defended the company's past handling of acquisitions as legal and justifiable.

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New Olympus President Takayama

TOKYO, Japan - New Olympus Corp. President Shuichi Takayama gives a news conference at a Tokyo hotel on Oct. 26, 2011, as he replaced Tsuyoshi Kikukawa after the company suffered a plunge in its stock price following the dismissal of its British chief executive, who has since alleged the company made dubious payments over corporate acquisitions.

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Sasa to become next Olympus president

TOKYO, Japan - Hiroyuki Sasa, executive officer of Olympus Corp., holds a press conference in Tokyo on Feb. 27, 2012. The Japanese camera and medical equipment maker said the same day it has decided to appoint Sasa to succeed President Shuichi Takayama, who will step down to take responsibility for the company's loss coverup scandal. (Kyodo)

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Olympus president Takayama

TOKYO, Japan - Olympus Corp. President Shuichi Takayama gives a press conference at a hotel in Tokyo on Dec. 7, 2011, after a panel set up by the company released a report the previous day on Olympus' coverup of investment losses. (Kyodo)

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Olympus executives bow in apology over scandal

TOKYO, Japan - Olympus Corp. President Shuichi Takayama (far L) and other executives of the camera and medical equipment maker bow at a press conference in Tokyo on Dec. 15, 2011, in a gesture of apology for accounting fraud involving a coverup of colossal losses. (Kyodo)

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Olympus to hold shareholders' meeting

TOKYO, Japan - Olympus Corp. President Shuichi Takayama speaks in a press conference in Tokyo on Dec. 15, 2011. He said the company, which is mired in a financial loss coverup scandal, plans to hold an extraordinary shareholders' meeting in March or April 2012. (Kyodo)

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Olympus Pres. Takayama, 5 other executives to resign

TOKYO, Japan - Olympus Corp. President Shuichi Takayama bows at the outset of a press conference in Tokyo on Jan. 18, 2012. Takayama said he and five other board members who are being sued by the company to pay damages for the company's accounting fraud will resign at an extraordinary shareholders meeting in late April. (Kyodo)

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Olympus president Takayama at press conference

TOKYO, Japan - Olympus Corp. President Shuichi Takayama is seen during a press conference in Tokyo on Nov. 8, 2011. Takayama apologized for his company's failure to book past investment losses and said it is considering filing a criminal complaint against former President Tsuyoshi Kikukawa and other officials in connection with the issue. (Kyodo)

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Olympus president Takayama at press conference

TOKYO, Japan - Olympus Corp. President Shuichi Takayama gives a press conference in Tokyo on Nov. 8, 2011. Takayama apologized for his company's failure to book its past losses and said it is considering filing a criminal complaint against former president Tsuyoshi Kikukawa and other officials in connection with the issue. (Kyodo)

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Olympus president Takayama at press conference

TOKYO, Japan - Olympus Corp. President Shuichi Takayama gives a press conference in Tokyo on Nov. 8, 2011. Takayama apologized for his company's failure to book its past losses and said it is considering filing a criminal complaint against former president Tsuyoshi Kikukawa and other officials in connection with the issue. (Kyodo)

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Olympus President Takayama

TOKYO, Japan - Olympus Corp. President Shuichi Takayama apologizes over a scandal, in which the company covered up investment losses, in Tokyo on Nov. 8, 2011. (Kyodo)

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New Olympus President speaks on past acquisition deals

TOKYO, Japan - New Olympus Corp. President Shuichi Takayama speaks at a news conference in Tokyo on Oct. 27, 2011, a day after replacing Tsuyoshi Kikukawa as president of the camera and medical equipment maker. During the press conference, Takayama defended the company's past handling of acquisitions as legal and justifiable. (Kyodo)

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New Olympus President speaks on past acquisition deals

TOKYO, Japan - New Olympus Corp. President Shuichi Takayama speaks at a news conference in Tokyo on Oct. 27, 2011, a day after replacing Tsuyoshi Kikukawa as president of the camera and medical equipment maker. During the press conference, Takayama defended the company's past handling of acquisitions as legal and justifiable. (Kyodo)

E

New Olympus President Takayama

TOKYO, Japan - New Olympus Corp. President Shuichi Takayama gives a news conference at a Tokyo hotel on Oct. 26, 2011, as he replaced Tsuyoshi Kikukawa after the company suffered a plunge in its stock price following the dismissal of its British chief executive, who has since alleged the company made dubious payments over corporate acquisitions. (Kyodo)