| Headline: Sugita’s sickness Source: euromoney.com Date: June 2001 Author: Kevin Rafferty
But insiders fear that Sugita’s sickness will make the infighting for top jobs in Mizuho the more intense. A suspicious Mizuho spokesman asks how Euromoney has heard of Sugita’s illness, before describing it as cystic duct narrowing. Rumours persist of an even more serious condition. Until now, it was widely assumed that Sugita would become the head of the Mizuho holding company, leaving the president of IBJ, Masao Nishimura, to head the corporate bank and Yoshiro Yamamoto, president of Fuji Bank, to take charge of the commercial bank – a neat division of the spoils. There are doubts now about whether Sugita will be fit enough to do the top job and even more uncertainty about who will take over if he can’t. | |||||||||||||||||||||||||||||||||||||||||