I knew there was something behind the dismissal of Olympus CEO Micheal C. Woodford that went way beyond cultural differences. Here's a link to a Bloomberg News report: Olympus Used Gyrus Fees to Hide Losses - Bloomberg I said in early posts on this subject that any "cultural differences" may have had more to do with western ideas about corporate governance than anything else. Frankly, I was surprised that a great number of forum members were so sanguine on the subject, taking a "they all do it" attitude. But the truth is, they don't all do it and shouldn't do it. I still think Olympus is a great company that makes great products... that I will continue to buy. Engineers and factory workers have nothing to do with this. But a housecleaning is in order at the board level.