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After Olympus scandal, Japan Inc. wants less scrutiny

Whistleblowers? No, thanks. Michael Woodford was sacked as president of Olympus last year after he revealed a $1.7 billion accounting coverup. The board of the Japanese cameramaker lied about the mystery for weeks. When the truth at last came out, the board kept their jobs and the whistleblowing boss lost his. Woodford called it a "black comedy." In no other developed market, he lamented, could this happen. His frustration is understandable. At one point Olympus' shares lost about 80 percent of