There was an imprisonment of 90 people including Itoyama´s vice president. He was described as the “worst offender” of Japanese law by Peter Herzog. In February 1998, Itoyama became the largest shareholder of Japan Airlines. After engaging into negotiations that he was not authorized to do, he was offered the position of Special Advisor to the Chief Executive Officer in exchange of him giving up certain company rights at JAL. He sold all his JAL shares in the open market in 2006. In recent years, due to the falling of golf value, Itoyama´s net worth has dropped but still remains as one of Japan´s wealthiest men. Besides being a businessman, he is also an educator, a speaker, and a best-seller author of books about politics and business.
