8. An hour with your grandparents is time well spent. -
8 hours ago
"A man from Northern Ireland has been jailed after an experiment in which he attempted to turn his own faeces into gold went wrong and started a fire in a block of flats.
It is thought that as part of the bizarre experiment Moran left his faeces, along with other waste products such as fertiliser, on a heater.
In his ruling Judge McFarland told Moran: “Rather bizarrely you were attempting to make gold from human faeces and waste products.
“It was an interesting experiment to fulfil the alchemist’s dream, but wasn’t going to succeed.”
Man jailed after trying to turn faeces into gold - Yahoo
"Michael Woodford, the British chief executive of Olympus who was sacked on Friday, has raised questions about more than $1bn in payments made by the Japanese camera maker in acquisitions between 2006 and 2008.
Mr Woodford’s dismissal came just eight months after being named president and chief operating officer of the Japanese electronics brand and barely a fortnight after becoming chief executive. He was one of the few foreigners to run a major Japanese company, and his elevation in February had been seen a sign of a more open and global corporate Japan.
In an interview with the Financial Times, Mr Woodford said he believed that he had been sacked over his inquiries into the acquisitions, which took place before he joined the board. He was not allowed to speak at Friday’s board meeting that voted unanimously to dismiss him. “They told me to catch a bus to the airport,” he said.
According to documents shown to the FT, Mr Woodford – who spent 30 years at Olympus – had been pressing other directors since July to explain payments related to the 2008 purchase of Gyrus, a UK medical equipment company, and three earlier acquisitions in Japan.
The dismissal represented an abrupt reversal. When promoting Mr Woodford to chief executive two weeks ago, Tsuyoshi Kikukawa, chairman, said he was “extremely pleased” with the Briton’s leadership, which had “exceeded my expectations”.
Mr Woodford stressed that he had seen no evidence that Olympus executives benefited improperly from the acquisitions. But he said large amounts of money seemed to have “disappeared” into the hands of poorly vetted outside financial advisers and investment vehicles.
In the Gyrus case, the documents show that Olympus paid $687m to a Cayman Islands-registered company, AXAM, that had been named as a financial adviser but whose ultimate owners were never ascertained by Olympus. The company disappeared from the trade register three months after receiving its final payment from Olympus, Mr Woodford said. The amount paid represented about a third of the $2.2bn acquisition price."