more on Ireland counts the cost of MIT Media Lab fiasco

[David Farber <dave () farber net>]

Begin forwarded message:

From: John Murray <jxm900 () gmail com>
Date: October 5, 2005 9:50:37 AM EDT
To: David Farber <dave () farber net>
Subject: Re: [IP] Ireland counts the cost of MIT Media Lab fiasco
Reply-To: John Murray <jxm900 () gmail com>


Dave:

The Irish Government's review document is part of the
Auditor-General's annual report.  The relevant section on MLE can be
found at ....
http://www.audgen.gov.ie/documents/annualreports/2004/ReportChap11.pdf

-jxm



On 10/5/05, David Farber <dave () farber net> wrote:

> Begin forwarded message:
>
> From: Dewayne Hendricks <dewayne () warpspeed com>
> Date: October 4, 2005 7:26:16 PM EDT
> To: Dewayne-Net Technology List <dewayne-net () warpspeed com>
> Subject: [Dewayne-Net] Ireland counts the cost of MIT Media Lab fiasco
> Reply-To: dewayne () warpspeed com
>
>
> Original URL: <http://www.theregister.co.uk/2005/10/04/ 
> mit_media_lab_ireland/>
>
> Ireland counts the cost of MIT Media Lab fiasco
>
> By Andrew Orlowski in San Francisco (andrew.orlowski at  
> theregister.co.uk)
> Published Tuesday 4th October 2005 22:11 GMT
> The Irish government invested $40m of taxpayers'
> money in MIT's Media's Lab Europe - and has
> bugger all to show for it.
>
> A report by the Republic's public auditor-general
> also reveals that Media Lab executives awarded
> themselves large severance pay-offs when the
> money was running out, and refused to refund
> public money as the original agreement had
> specified.
>
> Eire's comptroller called the output of the Media
> Lab over five years "dismal". The Lab netted only
> ¤7m in sponsorship and saw just 24 scientific
> papers published. In addition, 12 patents filed
> by the Lab are worthless. The Lab added nothing
> to Ireland's education drive while it went its
> merry way, and after liquidation will leave the
> Republic with just ¤300,000 in assets.
>
> The European Media Lab was launched at the height
> of the tech bubble but closed its doors in
> January this year. Its output may disappoint the
> Irish government, but it won't surprise anyone
> familiar with the original MIT Media Lab.
>
> [snip]
> Weblog at: <http://weblog.warpspeed.com>
>
>
>
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