Olympus ex-CEO says firm's main bank SMFG declined meeting
TOKYO (Reuters) - Olympus Corp's ousted CEO Michael Woodford said on Tuesday the firm's main banker and major shareholder Sumitomo Mitsui Financial Group had declined his request for a meeting.
Woodford said by telephone from London that SMFG had told his representatives in Tokyo that the head of its banking unit, Takeshi Kunibe, would not agree to a meeting as the endoscope maker was "developing its recovery plans under the management reform committee and that (SMFG) did not want to interfere with that process."
Olympus on Thursday named Shiro Hiruta as the head of its reform committee, a former head of chemicals firm Asahi Kasei, which has close ties with SMFG.
BOSTON - Hedge fund manager William Ackman, who is betting $1.16 billion that Herbalife is a fraud, spent $264,000 last year on lobbyists to press his case against the company, according to government documents filed in recent weeks.
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BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.