The IIBC’s 92 year-old Chairman Yaeji Watanabe made his girlfriend's son Chairman of the IIBC Board of Directors. Watanabe forced out half the board of directors. Also, Watanabe only worked about one day a week. Watanabe's salary was more than 25 million yen each year. Watanabe said he was Chairman in name only and had little to do with choosing the new chairman. Then, Watanabe suddenly quit the IIBC. The son of his girlfriend was in charge of the non-profit company. The IIBC paid Watanabe 25 million yen for his retirement.