Ricohflex, I think you totally misunderstood Olympus.
I attended several Olympus workshops after I got the EM5 Mkiii and at a few of the workshops, even Olympus Staff acknowledge Sony and Canon strengths (sorr, Nikon and Leica and Fujifilm was never mentioned).
Olympus has never positioned itself to be of the same level as Sony A7Riii or Riv, or the Canon R5, even with their top the line EM1x or EM1 iii. Anyone who compares are definitely too naive..... just look at the price, the whole bundle with lenses from Sony or Canon is easily 2 or 3 times more and much heavier.
I used to own a company that shoot events and food products and we do have Sony and Canon. At that time, we do not look at Olympus equipment. But as I start to retire and shoot photos as a hobby. After my trip to Japan with my EOS 5D and L-Lenses, I realized I could not walk 8 hours with such gear and start to look at Olympus. That's how I got started with the EM5 Mk3. I was surprised that I could now easily carry 3 to 4 lenses with camera body and flash in a waist pouch and walk around the whole day.
When I showed my photos to my friends (a couple are professionals), none of them said the images are low res or poor quality. In fact, some of them thought it was shot with my Canon or Sony gear. My output are usually Photobooks up to A3 size.
Olympus is smaller and lighter. Cheap is actually lower price in comparison, but not cheap quality. My Olympus 40-150 F2.8 Pro easily beat the Sony 70-300 (at about the same price). Yes, the Sony 70-300 is not a Pro series lenses, but Sony FF lenses are too bulky for me and much more expensive.
In short, Olympus is targeting a niche different from the Red Ocean which Nikon is struggling very hard with Sony and Canon there. Go and google Nikon Financial troubles if you dont believe. Of course Olympus like all other camera manufacturers are facing the 80% drop in camera demand, but it is definitely not due to the fetish of some CEO which you keep claiming.