Olympus majority shares now hold by non-japanese! Now becoming a “western company”?

Today another Olympus board member quit. It’s Makoto Nakatsuka that was named one of the key players of the accounting cover-up. And Amateur Photographer reports that it will take at least two months to organize an extraordinary shareholder meeting. This means the current board will be operational at least until February-March.

But let’s take a look at some other news. Who is playing a big role behind the Olympus fee scandal? Reuters reports: Goldmann Sachs bought a near 7% Olympus stake in November. Woodford said that he spoke with whom bought the stock for Goldman and he doesn’t believe they were trying to turn a quick profit on the company’s misfortunes: “I don’t forsee Olympus being sold or anything like that happening. Those interested in taking a stake see a company that will have a renaissance — and support a new strong management with me and others.”

But the real big news is coming via Market experts: They say that more than 50 percent of Olympus’s stock is now likely to be held outside Japan!!! And Mr. Woodford said: “I think overwhelmingly those outside Japan support me.”

So while the japanese board is getting decimated western investors are playing more and more a big role behind the scene. The Olympus crisis could end with a reinstatement of MR.Woodfrod as CEO and with the majority of shareholders being western banks and investment fonds.