
In September 2022 the board of the Isocrates foundation gathered in Florence for its annual meeting. Its founder, Nicolas Puech, was the largest individual shareholder in Hermès. From 2004 he owned nearly 6% of the company, a stake that would now be worth €13bn ($15bn). Puech, who is part of the Hermès family, has no children. The entirety of his vast fortune was destined for the Isocrates foundation, which he had set up in 2011 on the advice of his Swiss banker of 24 years, Eric Freymond. What followed came as a shock to everyone involved. Freymond returned home to find a letter dismissing him from the board. By October Puech had revoked the powers he had granted Freymond to manage his money. He later filed a criminal complaint in Geneva, accusing Freymond of “massive fraud”. Puech had realised that his Hermès shares were nowhere to be found. Worse still, they had been missing for more than a decade. Hermès itself had no idea where they were. (via The Economist)
She grew up on a farm in Virginia and changed the world by inventing GPS

Gladys West knew from a young age that she didn’t want to be a farmer. But the mathematician, born in 1930 in Dinwiddie County, Virginia, still had to help harvest crops on her family’s small farm. The hard work started before daybreak and lasted well into the blistering heat of the afternoon. She hated the dirt but, while she worked, she kept her mind on the building behind the trees at the end of the farm. It was her school, and even then she knew it would be her ticket to freedom. “I was gonna get an education and I was going to get out of there. I wasn’t going to be stuck there all my life,” West, 89, says firmly, via an interview on Zoom in her home in Virginia. What she could not have guessed was that this focus would shatter the perceptions of black women of the time and even lead to the invention of one of our most widely used inventions – GPS, the global positioning system. (via The Guardian)
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