endobj /Lang (EN-US) 16 0 obj /Parent 11 0 R /P 50 0 R << >> /P 285 0 R << 48 0 obj endobj << /Lang (EN-US) After all, one of Theranos top achievements was the very idea Holmes herself had developed an idea she never put through the rigor of scientific testing before defining its contours. /S /LI /S /LBody << . The employees at Morgan Stanley earn an average yearly salary of $103,933 per year, and the salaries at National Journal average $73,533 per year. /S /LBody >> For many years, in Facebook's case, its mission statement was "To give people the power to share and make the world more open and connected". /K 29 /K 221 0 R /MediaBox [0 0 612 792] /MediaBox [0 0 612 792] /Resources 452 0 R << /K 12 Surprisingly, few paid much attention to that unchecked gap before the truth began to come out. >> /P 50 0 R - Sep 15, 2021 3:40 pm UTC. /P 325 0 R >> /P 8 0 R >> /P 323 0 R 133 0 obj Theranos dissolved in September 2018 and founder Elizabeth Holmes now faces up to 20 years in prison for fraud and conspiracy. /K 234 0 R /S /P /K 1 endobj /CropBox [0 0 612 792] << null 49 0 R null null 157 0 R null null] /P 40 0 R >> /P 352 0 R << /Pg 252 0 R >> /Pg 258 0 R /Contents [473 0 R 474 0 R 475 0 R] 51 0 obj /S /Table /Lang (EN-US) 235 0 obj /P 55 0 R /K 124 0 R /P 354 0 R /S /P /S /LI << /Lang (EN-US) /P 8 0 R << null 47 0 R null null 129 0 R null null null 130 0 R null << 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R 82 0 R 83 0 R 84 0 R /Pg 235 0 R /P 59 0 R /S /P Elizabeth Holmes dropped out of Stanford in 2003 as a 19-year-old to start Theranos. >> /S /L 40 0 obj /P 50 0 R /K 10 /P 8 0 R /Lang (EN-US) /P 48 0 R THERANOS FOUNDER ELIZABETH HOLMES TO FACE TRIAL SEPARATE FROM EX-LOVER. /P 50 0 R 383 0 obj /StructParents 4 /Lang (EN-US) /P 8 0 R 189 0 obj /Parent 11 0 R /Pg 255 0 R 273 0 obj endobj /S /P /K 6 /Pg 250 0 R /Lang (EN-US) /Resources 456 0 R /P 48 0 R /K 18 The University recognizes the importance of its location in New York City and . /Kids [235 0 R 236 0 R 237 0 R 238 0 R 239 0 R] 156 0 obj 81 0 obj /P 48 0 R Have you worked at Theranos? << The indictment alleges that the defendants used a combination of direct communications, marketing materials, statements to the media, financial statements, models, and other information to defraud potential investors. /P 51 0 R << 362 0 obj The indictment further alleges that Holmes and Balwani knew that many of their representations about the analyzer were false. endobj /Lang (EN-US) /Parent 11 0 R /P 375 0 R >> Quotes displayed in real-time or delayed by at least 15 minutes. << Jumping off the track ends not with a win for consumers, physicians, investors and the company but with charges from the DOJ and the SEC. /Pg 257 0 R /P 50 0 R 372 0 obj /P 50 0 R 324 0 R 325 0 R 326 0 R 327 0 R 328 0 R 329 0 R 330 0 R] /S /LI /Filter /FlateDecode /P 347 0 R /P 315 0 R /Tabs /S /Lang (EN-US) /P 331 0 R >> /K 21 191 0 obj But constantly focusing on a desired future state may have the effect of giving extra highlight to the positives of a distant vision at the expense of the operational challenges that are taking place in the here and now. The Theranos scandal has dominated headlines, and both fascinated and appalled readers worldwide, since John Carreyrou's shattering report first broke in 2015. endobj /Pg 256 0 R Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". >> << >> /Contents [481 0 R 482 0 R 483 0 R] /Parent 14 0 R We searched far and wide for the best company mission statement examples. endobj /StructParents 20 /Type /Page /K 183 0 R >> /K 24 1. << Subscribe to our channelhttp. << endobj << << Early on, experts inside and outside of the company questioned the technology. << /P 369 0 R /K 164 0 R >> /MCID 2 /S /LI /StructParents 17 /S /LBody /S /LBody >> /K 9 endobj 27 0 obj /K [26 395 0 R] 206 0 R null null null 207 0 R null null null 208 0 R null /Type /Catalog /Pg 247 0 R /Diagram /Figure >> >> /Lang (EN-US) /S /P 276 0 obj /Pg 235 0 R /S /LI /Lang (EN-US) /TextBox /Art << The next witness was Erika Cheung, who was hired by Theranos out of undergrad as a lab associate. << /S /LBody << /Pg 245 0 R << /K 18 A young (age-defying), pure-looking (evil-defying), masculine-sounding (stereotype-defying) female CEO speaking about Theranos unfulfilled feats in the present or past present tense, Holmes proposition was so enticing that she was able to assemble one of the most impressive boards in corporate America. /Rotate 0 /P 276 0 R In part, according to the report, Theranos had neglected to use the device it marketed as the "lynchpin of its strategy," called the Edison, for the majority of the tests conducted. /Pg 257 0 R endobj uuid:f59fd1a5-0a21-408a-99c1-079770aebbbd The defendants also represented that the analyzer could produce results that were more accurate and reliable than those yielded by conventional methodsall at a faster speed than previously possible. >> Government inspectors who arrived at Theranos in response to Cheungs letter found conditions similar to those in the complaint. Instead of sticking with them, Holmes and her team could have put an equal amount of energy and ingenuity into developing a safe user-friendly technique to draw the adequate amount of blood necessary. /Lang (EN-US) >> /S /LI 389 0 obj 179 0 obj Several months later, with encouragement from her professor, Channing Robertson, Holmes quit Stanford. /P 328 0 R endobj 180 0 R null null null 181 0 R null null null 182 0 R null >> /MCID 2 /S /P 66 0 obj 270 0 obj >> >> /Lang (EN-US) endobj << << endobj /P 322 0 R << << /K 147 0 R 104 0 obj /Rotate 0 endobj >> /StructParents 3 << /Lang (EN-US) /S /P 82 0 obj /S /LI /K 7 >> >> /Type /Pages /P 8 0 R /K [18 385 0 R] /K 6 /S /LBody In a reply, Holmes said she was projecting $100 million for 2015, nearly ten times less than what she told investors at one point. The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. flagrantly vague and often outright untruthful statements. << /K 2 << /K 6 /Lang (EN-US) /K 169 0 R /MCID 2 /Lang (EN-US) >> >> 391 0 obj << >> 255 0 obj Postal Inspection Service (USPIS) Inspector in Charge Rafael Nuez. !xRnE1$g9`8\\5g1^"z+. /P 380 0 R /Pg 240 0 R Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. >> /K 10 >> There are at least four biases that can let a belief about a desired future state shape reality despite its disconnectedness from reality. /K 14 endobj 217 0 obj /P 277 0 R Consider Elizabeth Holmes obsession with producing as small a micro-Lab as possible or with using just a few drops of blood in order to conduct the myriad of tests Theranos promised. /Pg 238 0 R /P 48 0 R >> /S /P endobj The business had garnered hundreds of millions of dollars in investments and was valued at $9 billion in 2015, when a Journal expose showed the company had some not-so-favorable secrets. << /S /LI 12 [null null null 172 0 R null null null null 173 0 R null /Pg 257 0 R /S /P Holmes faces up to 20 years in prison. /S /LBody Theranos employees are most likely to be members of the Democratic Party. 93 0 obj >> /K 18 /Lang (EN-US) 153 0 obj << /S /P endobj /P 50 0 R << << endobj /S /LI /K 118 0 R /P 54 0 R /S /LBody /S /P endobj /Contents [497 0 R 498 0 R 499 0 R] >> >> << /K 182 0 R /Pg 236 0 R /S /LI 20 [null null 221 0 R null null null 222 0 R null null 56 0 R << /K 393 0 R 228 0 obj /Lang (EN-US) /Pg 255 0 R endobj endobj /Rotate 0 /P 380 0 R /P 8 0 R /Lang (EN-US) >> 219 0 obj /Rotate 0 endobj endobj /P 48 0 R /Type /Page /Lang (EN-US) endobj /Lang (EN-US) << /Pg 245 0 R /Tabs /S 338 0 obj /Lang (EN-US) << /Count 5 endobj /MCID 2 /S /P >> /Lang (EN-US) /K [28 391 0 R] It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. 5 0 obj endstream endobj << /P 321 0 R The company grew to be worth more than $9 billion, employing more than800 employees attracting investors such asLarry Ellison, founder of Oracle; Rupert Murdoch, billionaire media mogul; and the Walton family, who founded Walmart. 76 0 obj Theranos was a privately held healthcare technology company founded by then 19-year-old Elizabeth Holmes in 2003. /Pg 258 0 R A former Theranos employee who alerted regulators to fraud at the company said he popped a bottle of champagne after a jury returned guilty verdicts against founder Elizabeth Holmes on Jan. 3. /P 304 0 R >> /S /P >> She already settled with the Securities and Exchange Commission (SEC) for a $500,000 penalty and 10-year ban on serving as an officer or director of a public company. << /Annots [] /Lang (EN-US) 196 0 obj /K 127 0 R /S /LBody >> /S /LI /Lang (EN-US) /MediaBox [0 0 612 792] endobj /Length 501 0 R /K 14 /Pg 241 0 R >> /K 141 0 R Zippia gives an in-depth look into the details of Theranos, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Theranos. /S /LI /S /P /Pg 235 0 R /P 48 0 R << >> /Tabs /S /Type /Page Investors who put a total of $632 million into Theranos in its latest funding round from 2014 to 2015 included " Rupert Murdoch and family-controlled Cox Enterprises Inc., -- [Cox family holdings . /S /LI << /K 14 /Contents [433 0 R 434 0 R 435 0 R] /K 10 /K 219 0 R /P 40 0 R /Annots [] endobj 185 0 R null null] 249 0 obj Using a "nanotainer" (a small device designed to draw, retain, and analyze a . << 2023 FOX News Network, LLC. /Lang (EN-US) /Pg 248 0 R >> << 174 0 obj 124 0 obj << << >> >> /Contents [445 0 R 446 0 R 447 0 R] /Pg 257 0 R << /Pg 243 0 R /K 2 /Pg 258 0 R /S /LBody /Type /Page /DropCap /Figure The far-reaching nature of Theranos promises pulled stakeholders attention towards the end state rather than the more practical and operational nature of the challenges that needed consideration in order to successfully implement the purported technological approach. /Pg 240 0 R << /P 33 0 R << Here are three culture takeaways from the Theranos scandal that are relevant to all leaders and employees. None of the information on this page has been provided or approved by Theranos. >> /K 6 endobj /Rotate 0 endobj >> /Lang (EN-US) Prosecutors Call Theranos Ex-CEO Elizabeth Holmes A Liar And A Cheat As Trial Opens Defense lawyers say Holmes believed the company could screen for hundreds of diseases with just a finger prick . endobj 103 0 obj /P 290 0 R /S /LBody >> Total losses surpassed $800 million, prosecutors said. << >> /K 229 0 R endobj endobj endobj /S /LI /Lang (EN-US) >> /S /P << Holmes, Balwani, and Theranos also made false or misleading statements to investors about many aspects of Theranos' business, including the capabilities of its proprietary Ars may earn compensation on sales from links on this site. << /S /LI /S /LBody /K 12 endobj endobj /Pg 237 0 R /P 270 0 R endobj Join the Ars Orbital Transmission mailing list to get weekly updates delivered to your inbox. /Lang (EN-US) 3553. 26 0 obj >> /Pg 239 0 R /P 317 0 R /K [331 0 R 332 0 R 333 0 R 334 0 R 335 0 R 336 0 R 337 0 R 338 0 R 339 0 R 340 0 R /S /LI << endobj /P 380 0 R /Lang (EN-US) endobj (REUTERS/Carlo Allegri). << /P 361 0 R << endobj /Type /Page /P 291 0 R endobj 17 [null null 204 0 R null null null 205 0 R null null null endobj /Lang (EN-US) 365 0 obj Legal Statement. 144 0 obj 213 0 obj /Pg 245 0 R >> /S /P << /S /LBody /S /LI /P 8 0 R /P 8 0 R /S /LBody /S /LBody 302 0 obj >> null null 174 0 R null null null 175 0 R null null null /Pg 240 0 R >> "Sunny Balwani did not start Theranos," said the lawyer . << >> /Pg 242 0 R /Lang (EN-US) /Parent 11 0 R /P 353 0 R endobj by Elizabeth Holmes. << /K 194 0 R /Pg 243 0 R endobj /S /LBody /S /LBody /P 373 0 R /K 8 << /Parent 13 0 R /Pg 253 0 R >> >> Yam said she had never seen the document before, nor did she know where those numbers had come from. /K 176 0 R /K 139 0 R << /Lang (EN-US) /Lang (EN-US) << /Pg 240 0 R >> << According to the March 2018 statement from the SEC, Theranos, . Recalls, Market Withdrawals and Safety Alerts, Inspections, Compliance, Enforcement, and Criminal Investigations, June 15, 2018: Theranos Founder and Former Chief Operating Officer Charged in Alleged Wire Fraud Schemes. /CropBox [0 0 612 792] endobj /K 22 /MediaBox [0 0 612 792] /Pg 249 0 R /P 8 0 R endobj >> << /S /LI Assistant U.S. 199 0 R null null] In addition, the defendants represented to investors that Theranos would soon dramatically increase the number of Wellness Centers within Walgreens stores when, in truth, Holmes and Balwani knew by late 2014 that Theranoss retail Walgreens rollout had stalled because of several issues, including that Walgreenss executives had concerns with Theranoss performance. 204 0 obj 23 0 obj 42 0 obj uuid:08e7f9c5-06b3-4447-b9e6-d8f448ec8b85 376 0 obj >> << /P 344 0 R 149 0 R null null null 150 0 R null null null 151 0 R null /P 54 0 R null 24 0 R 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R 188 0 R null null null 189 0 R null null null 190 0 R null endobj >> /S /LI 265 0 obj /S /LI >> >> endobj /K 22 << /K 136 0 R /S /LI >> /Contents [453 0 R 454 0 R 455 0 R] /Pg 245 0 R 334 0 obj /P 316 0 R >> /P 281 0 R 22 0 obj A sign outside of the headquarters of Theranos in Palo Alto, California on January 24, 2016. /P 51 0 R << /ParentTree 9 0 R /K 14 The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. endobj /K 0 /StructTreeRoot 3 0 R /Annots [] >> /Lang (EN-US) << /Annots [] /S /P /S /LBody >> /Lang (EN-US) /K 2 /CropBox [0 0 612 792] /K 212 0 R << >> >> endobj endobj 193 0 obj /Pg 255 0 R /P 50 0 R (Photo by Kristoffer Tripplaar/AP). >> << /S /LI /Lang (EN-US) /Pg 243 0 R << endobj endobj 14 0 obj /Pg 239 0 R 132 0 obj << >> << << /K 167 0 R 60 0 obj /S /LI /K 10 If convicted, the defendants face a maximum sentence of twenty (20) years in prison, and a fine of $250,000, plus restitution, for each count of wire fraud and for each conspiracy count. << /Lang (EN-US) /Lang (EN-US) endobj /K 185 0 R /K 32 /Lang (EN-US) /Pg 238 0 R >> /Lang (EN-US) Theranos's mission statement is "Our mission is to make actionable information accessible to everyone at the time it matters". /S /LI Opinions expressed by Forbes Contributors are their own. /K 20 /Lang (EN-US) /S /P Leaving Little Space for Inspiration. 367 0 obj /S /LBody 119 0 obj << endobj /K 128 0 R /Endnote /Note /K 187 0 R << 117 0 R null null null 118 0 R null null] And although entrepreneurship is very much about turning an imagined future state into reality, the vast and unchecked gap between Theranos vision and the technological incompetence of its operations was breathtaking. endobj /K 10 endobj Having a vested interest in what is at stake as is often the case with founders and investors and envisioning the desired end state via inflexible goals may create a condition known as motivated blindness that can paradoxically prevent us from making realistic progress. /S /LBody /K 10 16 [null null 199 0 R null null null 200 0 R null null null endobj endobj >> /Pg 257 0 R endobj >> endobj /Pg 255 0 R /K 2 /K 1 220 0 obj /Pg 255 0 R /Type /MCR Ms. Holmes's lawyers have said the entrepreneur dedicated 15 years to Theranos's mission and her only crime was having a startup that failed, as so many do 216 0 obj /K 6 197 0 obj << Claiming and updating your company profile on Zippia is free and easy. endobj /Pg 240 0 R /Pg 252 0 R << >> /Lang (EN-US) >> /S /LI >> endobj /Pg 244 0 R endobj /O /Layout endobj /S /LBody /Resources 468 0 R /K 26 /P 8 0 R >> Theranos is headquartered in Palo Alto, CA. << /K 175 0 R /S /LI /P 8 0 R /P 8 0 R /Artifact /P >> /P 312 0 R endobj /Pg 254 0 R /K 130 0 R /Lang (EN-US) 6 [null null 143 0 R null null null 144 0 R null null null /Lang (EN-US) 395 0 obj If convicted, the defendants face a maximum sentence of twenty (20) years in prison, and a fine of $250,000, plus restitution, for each count of wire fraud and for each conspiracy count. endobj >> 321 0 obj endobj << /Lang (EN-US) << /Type /Page endobj /K 8 /K 192 0 R /Tabs /S . endobj 4 [null null 131 0 R null null null 132 0 R null null null The engrossing optimism that this may have generated in its founder, Elizabeth Holmes, and other champions of the companys vision is understandable. CNMN Collection /S /LBody 87 0 obj /S /LBody /S /P >> /Lang (EN-US) endobj /Lang (EN-US) >> 146 0 obj endobj 296 0 R 297 0 R 298 0 R 299 0 R 300 0 R 301 0 R 302 0 R 303 0 R] endobj The company boasted the ability to get results from very small amounts of blood, something that would be revolutionary in medical diagnostics. /P 326 0 R >> What we know for certain is that behind this particular corporate failure lies a cautionary tale of boundless visioning that all investors, entrepreneurs and organizations seeking breakthrough innovations should be interested in further understanding. << /S /LI /S /P 171 0 obj endobj << /Type /MCR /Resources 416 0 R Employees in the top 10 percent can make over $68,000 per year, while employees at the bottom 10 percent earn less than $28,000 per year. << Four years after the top two Theranos executives, Elizabeth Holmes and Ramesh "Sunny" Balwani, were first indicted together on a dozen federal fraud charges stemming from their time . Easy acce View the full answer Elizabeth Holmes speaks on stage at the Glamour Women of the Year Awards where she receives an award, in New York, NY on Nov. 9, 2015. /S /Span << >> >> /K 222 0 R stream
And while some have observed that her behavior showed various sociopathic tendencies, the relaxed aura that cheating in the service of a larger cause may afford the average person may amp up ethical risk far more than the risk posed by sociopathic individuals. He . /Pg 248 0 R /P 50 0 R /S /LBody Palo Alto, United States August 18, 2016: Elizabeth Holmes accepts The Entrepreneur award at, the 25th Annual Glamour Women of the Year Awards on Nov. 9, 2015, in New York. /S /LI >> << >> 187 0 obj << Before sharing sensitive information, make sure you're on a federal government site. /Lang (EN-US) >> endobj /Lang (EN-US) /S /LI /Pg 235 0 R The indictment charges each defendant with two counts of conspiracy to commit wire fraud, in violation of 18 U.S.C. /Lang (EN-US) /P 48 0 R /Annots [] /StructParents 0 /P 380 0 R >> 178 0 obj endobj 341 0 obj /K 6 >> /S /LI endobj 37 0 obj << /S /L /S /LBody In November 2022, Holmes was sentenced to 135 months in prison for defrauding investors in the failed Silicon . /P 360 0 R 286 0 obj << >> /K 191 0 R /P 50 0 R Holmes, 34, of Los Altos Hills, Calif., founded Theranos in 2003. /S /P /K 6 /S /P 110 0 obj 214 0 obj /Lang (EN-US) endobj endobj /K 181 0 R In fact, those challenges dwarfed in relation to the potential benefits of the vision the tech company eagerly shared with those with whom it wished to partner. /P 295 0 R /P 48 0 R /Pg 256 0 R >> /Pg 241 0 R /Lang (EN-US) << /S /P /P 8 0 R /Lang (EN-US) << << 272 0 obj /Pg 239 0 R /K 132 0 R /K 6 We just didn't know what new form it would take. /Annots [] 1 258 0 obj /K 178 0 R /Resources 444 0 R >> >> /Pg 235 0 R /Pg 248 0 R endobj endobj 118 0 obj 330 0 obj Further, the indictment alleges that based on the defendants misrepresentations and omissions, many hundreds of patients paid, or caused their medical insurance companies to pay, Theranos, or Walgreens acting on behalf of Theranos, for blood tests and test results, sometimes following referrals from their defrauded doctors. /Lang (EN-US) Holmes, at one point the nations youngest self-made female billionaire, and her former chief operating officer Ramesh Balwani, were indicted by federal prosecutors in June 2018 and charged with two counts conspiracy to commit wire fraud and nine counts of wire fraud each. /S /P Your California Privacy Rights | Do Not Sell My Personal Information /S /Sect /P 337 0 R 130 0 obj /ModDate (D:20180314090210-07'00') Northern District of California, FOR IMMEDIATE RELEASEFriday,June 15, 2018, Elizabeth Holmes and Ramesh Sunny Balwani Are Alleged to Have Perpetrated Multi-million Dollar Schemes to Defraud Investors, Doctors, and Patients. >> /MediaBox [0 0 612 792] >> >> /P 8 0 R 19 0 obj << /P 302 0 R 33 0 obj << /Lang (DE-DE) application/pdf >> 375 0 obj >> /S /TD << /Parent 14 0 R endobj >> 240 0 obj /Rotate 0 /StructParents 5 /K 122 0 R Although it is a merger of two major companies in 2015, Kraft Heinz's mission and vision statements retain the critical elements and objectives contained in the mother firms - H.J. /Rotate 0 /Pg 253 0 R 11 [null null 169 0 R null null null 170 0 R null null null The matter was assigned to the Honorable Lucy H. Koh, U.S. District Judge, for further proceedings. /Lang (EN-US) null null 136 0 R null null null 137 0 R null null] >> The story raised concerns about the accuracy of Theranos blood-testing technology, which put patients at risk of having conditions either misdiagnosed or ignored. /Pg 242 0 R /Pg 235 0 R >> << /Pg 243 0 R /Resources 440 0 R 335 0 obj /S /LBody /P 268 0 R 364 0 R 365 0 R 366 0 R 367 0 R] /P 376 0 R 206 0 obj endobj /S /P /S /LBody Four Blind Spots at the Core of Theranos' Failure. << /P 274 0 R The Journal reported that in 2015, the technology was only used for 15 tests. /Contents [465 0 R 466 0 R 467 0 R] /Lang (EN-US) 175 0 obj 29 0 obj 7 0 obj >> /P 306 0 R /S /LBody 127 0 obj /K 20 endobj 3 0 obj /Lang (EN-US) /K 12 /Type /MCR "I was taken with the idea . /P 319 0 R 307 0 obj 363 0 obj /K 180 0 R /S /LI /K 24 /S /LI /Pg 235 0 R /Lang (EN-US) 45 0 R 46 0 R 47 0 R 48 0 R 49 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. /K 35 340 0 obj /S /LBody endobj 94 0 obj 199 0 obj /Lang (EN-US) null 110 0 R null null null 111 0 R null 112 0 R null 113 0 R /Type /MCR 336 0 obj << /S /P 74 0 obj 75 0 obj 361 0 obj >> /P 40 0 R /S /P >> null null 191 0 R null null null 192 0 R null null] /Lang (EN-US) /Lang (EN-US) /Pg 236 0 R /S /LI 10 [null null 163 0 R null null null 164 0 R null null null 268 0 obj endobj /Pg 237 0 R >> /P 288 0 R /K 11 /K 2 /Lang (EN-US) /Rotate 0 /Lang (EN-US) endobj endobj /S /LBody endobj /K 19 >> endobj Theranos was a blood testing company based in Palo Alto and Newark, Calif. Holmes used a combination of direct communications, marketing materials, statements to the media, financial statements . /P 48 0 R /MCID 2 endobj << /Resources 408 0 R The company spent over $150,000 surveilling her and another whistleblower. << /Type /Page endobj /P 54 0 R endobj Best Companies to Work for in Palo Alto, CA, Best Start-up Companies to Work For in America, Best Health Care Companies to Work For in California, Best Start-up Companies to Work For in California, Best Companies to Work For in Palo Alto, CA, Best Health Care Companies to Work For in Palo Alto, CA, Best Start-up Companies to Work For in Palo Alto, CA. /S /L >> >> << The national average salary for a Theranos employee in the United States is $44,094 per year. /S /LI endobj endobj /P 46 0 R >> /P 171 0 R endobj -mission statement: to make actionable information accessible to everyone at the time it matters. /Pg 243 0 R The defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests, including the tests for calcium, chloride, potassium, bicarbonate, HIV, Hba1C, hCG, and sodium. /P 33 0 R /S /LI /S /P << 84 0 obj Nov 16, 2021, 6:17 PM PST. The average salaries at Bloomberg rank the highest, with their employees earning an. << Former Theranos board member and former Secretary of Defense James "Mad Dog" Mattis testified last week in the criminal trial of former Theranos CEO Elizabeth Holmes. /P 8 0 R << 181 0 obj The defendants also delivered to doctors and patients blood test results from which critical results were improperly removed. /Lang (EN-US) /Tabs /S /K 32 /Type /Page /K 28 >> /S /LBody /K 162 0 R Yam said that Theranos lost $16.2 million in 2010, $27.2 million in 2011, $57 million in 2012, and $92 million in 2013. /Filter /FlateDecode >> 282 0 obj /StructParents 23 186 0 obj /Lang (EN-US) /P 42 0 R /CropBox [0 0 612 792] endobj The employee data is based on information from people who have self-reported their past or current employments at Theranos. /P 356 0 R << /K 3 /Parent 14 0 R 223 0 obj /Type /Page >> /Count 5 Both defendants appeared today before U.S. Magistrate Judge Susan van Keulen for their initial appearances. endobj /Lang (EN-US) /Annots [] null 114 0 R null] 227 0 R null null null 228 0 R null null] 28 0 obj /P 8 0 R /S /P /P 48 0 R 85 0 obj << /Pg 256 0 R Theranos' mission is to make actionable health information accessible to people everywhere in the world at the time it matters, enabling early detection and intervention of disease. endobj /S /LBody >> Ad Choices, Theranos founder Elizabeth Holmes on trial as jury selection begins, Theranos downfall due to elaborate $4M conspiracy, investor says.
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