>> woodford is angry with takayama because earlier this month takayama said the entire board of directors will be should be renewed as part of the process to fix the company. woodford said olympus needs a clean slate, otherwise the company would lose the crucial financial support. >> this story, if it's not ended in the right way, if takayama can dictate the next management of this company can survive, then, and it won't be me saying this, this will be shareholders overseas, large institutional shareholders, reputable firms, not hedge funds, long-term investors, long-term investors, it will scare them away for good. >> woodford is the whistle blower on olympus. now, he seems to be fashioning himself as a savior. where does his fight go from here? >> despite his harsh word for takayama, woodford says he is willing to talk and meet with this current olympus president. he wants to help shape the new board of directors. right now, takayama is refusing to meet woodford and woodford says, if they can't talk it out, he will launch a proxy fight. that means he will go straight to investors and sh

>> woodford is angry with takayama because earlier this month takayama said the entire board of directors will be renewed as part of the process to fix the company. woodford said olympus needs a clean slate, otherwise the company would lose the crucial financial support. >> this story, if it's not ended in the right way, if takayama can dictate the next management of this company can survive, then, and it won't be me saying this, this will be shareholders overseas, large institutional shareholders, reputable firms, not hedge funds, long-term investors, long-term investors, it will scare them away for good. >> woodford is the whistle-blower on olympus. now, he seems to be fashioning himself as a savior. where does his fight go from here? >> despite his harsh word for takayama, woodford says he is willing to talk and meet with this current olympus president. he wants to help shape the new board of directors. right now, takayama is refusing to meet woodford, and woodford says, if they can't talk it out, he will launch a proxy fight. that means he will go straight to investors and shareholder

he says takayama and other executives should step aside. >> they described as yes men, they shouldn't decide the future. not those people after what's happened. what would be very sad, i think, and send a terrible message to the world if there was a dichotomy between japanese institutional shareholders and everyone else. and i don't think that would be healthy or positive. so i hope, i desperately hope there can be an accommodation, a pragmatic view. but i have to prepare otherwise for -- to give the shareholders a choice. >> woodford says he wants to avoid a confrontation and that he will meet takayama anytime to negotiate a way forward. and some big foreign shareholders openly back his return as ceo. but it remains to be seen how much support he can get from japanese shareholders and employees. woodford is expected to hold a news conference on thursday. >> all right, thanks, kaori. >>> kyushu electric power company has submitted the results of the safety tests on its nuclear reactors. the company's hoping to restart three idle reactors at its last operational reactor is about to go

. >> takayama spoke yesterday a day after a panel published the report saying senior management was rotten to the core. >> translator: we aren't stubbornly clinging to power. the board will step down once pressing issued have been addressed. >> it will make way for a new team scheduled for sometime after february. takayama also touched on legal action. >> translator: we are not yet able to say anything definite concerning the liability of executives who are supposed to prevent illegal activity, but the matter willy dealt with properly with the help of another investigative panel. >> that panel would be made up of lawyers who will look into the question of executive liability. about 70 executives involved with the company from the late 1990s will be scrutinized including former and current board members and auditors. >> translator: any executive who fails to speak up about the wrongdoing is also guilty. >> translator: i think the executives should have a clear idea of what they were supposed to be doing. >> takayama also made it clear, olympus will set up a panel of outside experts to call

yoko takayama survived the tragedy. but everything she owned was gone. her home, two boats, and the small processing plant for seaweed and scallops that she owned with her husband. after the disaster, yoko and her husband moved into temporary housing. yoko's husband volunteered to give out supplies but she was left with nothing to do. >> translator: one day i was standing on a clifftop looking down. i thought, if i take one step forward all the pain and worry will disappear. >> reporter: insecurity and despair kept yoko awake at night. unable to picture any kind of positive future. things first began to turn around when a support group arrived to help people that had lost their jobs. the group had an idea. it suggested that the women take up sewing, using off cuts of material from a clothing factory. yoko had her doubts. what did sewing have in common with aquaculture? >> translator: at first i just couldn't stop crying. i kept telling myself, why do i have to do this kind of thing? >> reporter: one month later the group received its first order. 3,000 s

one man who has experienced the accident firsthand was yukio takayama, a veteran firefighter who wasto fukushima six ays after the accident. he says "it reminded me of a haunted house. total silence, billowing smoke, bille. the fires you can feel the heat or smell the gas, at fukushima it was all the more frightening because the danger was invisible. " so far he has no signs of radiation poisoning. nor do any of the other 32 members of his squad. but at the time, they were not sure they'd come back alive, and they didn't believe the government's assurances. the tv was saying there was no meltdown, no radiation leaks, nothing to worry about, he recalls. when he saw the damage he knew nos was no ordinary accident. the plant's operator says it is rn schedule for a cold shutdown cothe end of this year, that's when fuel has cooled enough to no longer pose a threat, but it's a long process. dismantling the reactor and cleaning up the plant could take 30 years. lucy craft, cbs news, tokyo. >> pelley: we want to tell you about the response to a "60 minutes" story from last sunday about homel