Olympus Chairman and President, Tsuyoshi Kikukawa has decided to resign today under pressure from the ongoing scandal that has included the company.

The 70 year-old Kikukawa has been in the company for 45 years and he was the President of the Olympus back at the days in 2000s where the suspicious payments started to take place. Former CEO Michael Woodford was asking some questions and demanded explanation about payments.

Is Olympus going to crash? Maybe this are the last steps from the total break down.