Olympus Report Seeks Purge of ‘Yes Men’ Who Failed to Act

Olympus Corp. “yes men” who failed to stop senior managers spending 135 billion yen ($1.7 billion) in a cover-up of losses over more than a decade should be removed, according to the findings of a monthlong probe.

Three former chairmen of the Japanese camera maker and three senior aides were “rotten to the core,” according to the report released yesterday by an independent panel. Others “involved in the fraudulent accounting one way or the other, and auditors who did nothing when the auditing firm pointed out the issues” in 2009 “should be fully eliminated,” it said.