Mizuho CEO set to survive mob scandal, resume reform push - Yahoo! News -BoardProspects

Mizuho CEO set to survive mob scandal, resume reform push

Yahoo! News Oct 25 2013 BoardNews

By Taiga Uranaka and Taro Fuse TOKYO (Reuters) - The head of Mizuho Financial Group looks set to survive the revelation of bank loans to mobsters, a move that could revive his recently flagging efforts to improve corporate governance at Japan's second-largest bank by assets. Mizuho will not sack Yasuhiro Sato as president and CEO, but may suspend his pay for some period, people familiar with the ...
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1. Sato was getting a tighter grip on the bank and his leadership was getting traction.
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