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<< /K 166 0 R << 59 0 obj /P 341 0 R /S /LBody << endobj /Lang (EN-US) /S /P << /Annots [] /Pg 239 0 R /P 381 0 R /Pg 257 0 R null null 142 0 R null null null 143 0 R null null] 49 0 obj /S /LBody /Pg 235 0 R /S /LBody Elizabeth Holmes and Theranos: How "The Change in Healthcare" Turned << Use of and/or registration on any portion of this site constitutes acceptance of our User Agreement (updated 1/1/20) and Privacy Policy and Cookie Statement (updated 1/1/20) and Ars Technica Addendum (effective 8/21/2018). /Pg 235 0 R /Tabs /S /S /L 350 0 obj /K 0 << /P 275 0 R /Pg 247 0 R /CropBox [0 0 612 792] /S /P endobj endobj /Lang (EN-US) /Lang (EN-US) << FAQ - New Privacy Policy. 292 0 obj 298 0 obj Claim This Company. /P 277 0 R << endobj endobj /Bibliography /BibEntry Help other job seekers by rating Theranos. /K [304 0 R 305 0 R 306 0 R 307 0 R 308 0 R 309 0 R 310 0 R 311 0 R 312 0 R 313 0 R /K 143 0 R /S /LBody >> << She now has "two very young children hertoddler and an infant," according to a recent court filing. /K 132 0 R >> The company boasted the ability to get results from very small amounts of blood, something that would be revolutionary in medical diagnostics. /Parent 14 0 R /StructParents 13 endobj >> /S /LI 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. /Lang (EN-US) /K 134 0 R >> << /Lang (EN-US) >> endobj << endobj endobj 158 0 obj /Lang (EN-US) /S /LI /P 51 0 R The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely. >> << /K 6 Creating something new is about breaking the status quo. We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. /K 6 /Rotate 0 /P 321 0 R /P 276 0 R /P 8 0 R << /S /LI The Indictment Alleges That Investors Were Defrauded. /S /LBody /Pg 240 0 R /S /LI How did Elizabeth Holmes come up with the name "Theranos"? - Quora /S /LBody 165 0 R null null null 166 0 R null null null null 167 0 R /Lang (EN-US) >> endobj /Type /Page /K 234 0 R /S /LBody /K 220 0 R /P 8 0 R 226 0 obj /Pg 237 0 R /Lang (EN-US) /P 287 0 R /Lang (EN-US) /P 295 0 R endobj Elizabeth Holmes verdict: researchers share lessons for science - Nature >> /P 8 0 R << /S /LBody The once-lauded businesswoman ultimately stepped down from the company, which announced in Sept. 2018 it would be closing. >> 221 0 obj It claims its technology can work with just a finger prick. /Lang (EN-US) /Pg 243 0 R /S /LI /K 157 0 R /Type /Page /Lang (EN-US) endobj /K 31 /K 195 0 R /Kids [11 0 R 12 0 R 13 0 R 14 0 R] << Zippia's Best Places to Work lists provide unbiased, data-based evaluations of companies. /MCID 2 /P 369 0 R << 20 0 obj 345 0 obj It included jury selection, opening statements, released text messages, and an unexpected . /P 311 0 R >> /Lang (EN-US) /Kids [235 0 R 236 0 R 237 0 R 238 0 R 239 0 R] >> /K 11 /P 40 0 R /CropBox [0 0 612 792] endobj >> 259 0 obj endobj /Pg 258 0 R Read our affiliate link policy. /S /LBody /S /LBody /MCID 2 << endobj /P 376 0 R /Type /Page << << << /K [18 385 0 R] >> >> /P 325 0 R /Pg 241 0 R It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. After Cheung went to the federal government, Theranos hired a private detective to spy on her, according to court documents released last week. Elizabeth Holmes donated 2. /S /LI /S /LBody /P 297 0 R << << /S /LI /K 185 0 R %PDF-1.5 /BBox [79.9440002441 274.9559936523 453.9599914551 398.8439941406] /Resources 484 0 R John Carreyrou writes the story of a gifted 19-year-old who founded a health . The employee data is based on information from people who have self-reported their past or current employments at Theranos. /P 48 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. /P 351 0 R /K 0 endobj >> A sign outside of the headquarters of Theranos in Palo Alto, California on January 24, 2016. /Pg 248 0 R << /S /TR /P 8 0 R /S /P /S /LI 155 0 obj 308 0 obj >> /K 144 0 R The site is secure. Theranos Was Losing Hundreds Of Millions As Elizabeth Holmes Talked Up >> /MediaBox [0 0 612 792] /Rotate 0 Postal Inspection Service (USPIS) Inspector in Charge Rafael Nuez. Cultivating a boundless vision until the very end completely untethered from the status quo, rules, requirements and the demands of the here and now Holmes and Theranos were on a special kind of journey. /Parent 5 0 R /P 55 0 R /Author () endobj /Parent 5 0 R << /Pg 235 0 R << 120 0 obj endobj << << /Annots [] Leaving Little Space for Inspiration. << /S /LBody 105 0 obj endobj /Pg 238 0 R >> The data presented on this page does not represent the view of Theranos and its employees or that of Zippia. 324 0 R 325 0 R 326 0 R 327 0 R 328 0 R 329 0 R 330 0 R] << /S /LBody endobj /P 8 0 R /Pg 246 0 R Another Theranos Trial Begins, This Time Without the Fanfare /P 8 0 R /S /L /S /P 28 0 obj << endobj /Type /Page 242 0 obj << 2 0 obj /K 22 /K 275 0 R /Pg 235 0 R << This material may not be published, broadcast, rewritten, or redistributed. 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. /P 288 0 R 45 0 obj There are at least four biases that can let a belief about a desired future state shape reality despite its disconnectedness from reality. endobj endobj 132 0 obj endobj /P 50 0 R Attorneys Jeff Schenk, Robert S. Leach, and John C. Bostic are prosecuting the case with the assistance of Laurie Worthen and Bridget Kilkenny. /S /P 366 0 obj >> /Lang (EN-US) 384 0 obj << << >> endobj << /CropBox [0 0 612 792] >> 309 0 obj /StructParents 8 /Contents [481 0 R 482 0 R 483 0 R] 139 0 obj Holmes fostered a culture of fear because it served her needs. /Type /Pages endobj 205 0 obj /Pg 253 0 R 250 0 obj Getty Images. >> 335 0 obj /K 18 The vision was to revolutionize blood testing and place these miniature labs in homes across the world. 360 0 obj >> 263 0 obj /Lang (EN-US) << Theranos's mission statement is "Our mission is to make actionable information accessible to everyone at the time it matters". 2023 FOX News Network, LLC. The startup entrepreneurial spirit is selling a vision of a fictional product - a product that does not yet exist. 201 0 R null null null 202 0 R null null null 203 0 R null /Superscript /Span /Lang (EN-US) 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. >> /S /LBody They cite a one-way plane ticket to Mexico she booked for Jan. 26, 2022, three weeksafter her conviction onfour counts of fraud and conspiracy. Theranos - Wikipedia Using a "nanotainer" (a small device designed to draw, retain, and analyze a . << /P 8 0 R >> 320 0 obj /Parent 13 0 R /P 50 0 R /S /LI 330 0 obj /P 59 0 R /Pg 235 0 R /P 363 0 R /P 350 0 R endobj endobj /Lang (EN-US) endobj 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. 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 /P 8 0 R Elizabeth Holmes' trial begins with opening statements - CNN /CropBox [0 0 612 792] >> The largest donation made to a political party by a Theranos employee was Theranos is a private health care and life sciences company with the stated mission to revolutionize medical laboratory testing through allegedly innovative methods for drawing blood, testing blood, and interpreting the resulting patient data. /Pg 235 0 R /K 189 0 R /Lang (EN-US) /Lang (EN-US) << >> 129 0 obj << endobj /S /LI /P 50 0 R 72 0 obj 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 /Contents [461 0 R 462 0 R 463 0 R] /P 55 0 R endobj /P 50 0 R endobj /Pg 240 0 R >> << /S /LBody /P 380 0 R /K 156 0 R << endobj /S /P /K 115 0 R << /P 289 0 R /P 50 0 R /Lang (EN-US) << endobj Fear a Culture of Fear. /P 8 0 R /Pg 256 0 R >> Holmes will head to trial starting Aug. 4, and Balwani will be tried afterthe conclusion of Holmes case, Bloomberg reported. endobj /K 151 0 R : Sign up for our trending newsletter to get the latest news, This article originally appeared on USA TODAY: Ex-Theranos CEO Elizabeth Holmes has second child, seeks prison delay, American businessperson; a subject of an SEC investigation, the failed Silicon Valley startup that sought to revolutionize blood testing, Student accused of attacking teacher's aide over Nintendo Switch, Optimism of US consumers declined in February, reflecting fears of a recession, her conviction onfour counts of fraud and conspiracy, Sign up for our trending newsletter to get the latest news, Ex-Theranos CEO Elizabeth Holmes has second child, seeks prison delay, Kellyanne Conway, George Conway To Divorce After Decadeslong Marriage: Report, Reports: 3 children dead, 2 wounded in attack at Texas home, 'Extremely dangerous': Spike in illegal crossings at Canada-Vermont border has feds sounding alarm, School punished teen girl for working out in sports bra in 100-degree Texas heat, ACLU says, Republicans Use Arcane Political Tactic to Thwart Democrats, I Wore Katie Holmes Go-To Bag Trend for a Week, and I Finally Get the Appeal, Alex Murdaugh sentenced to life in prison for murders of wife and son, NBA Player Richaun Holmes Sues Sacramento Bee Parent for Defamation, Murdaugh defense vows appeal, even to Supreme Court, Alex Murdaugh sentenced to life in prison. << Now a mom of two, ex-Theranos CEO Elizabeth Holmes wants to delay /K 3 endobj << /S /P /K 22 /Pg 257 0 R endobj /S /LBody /S /LBody While working at Theranos, Cheung sent an email to others in the company, sharing her concerns about the Edison machines. /S /LI 108 0 obj /Pg 242 0 R endobj << >> >> /Annots [] 396 0 obj /S /LI >> endobj null 47 0 R null null 129 0 R null null null 130 0 R null Here's What Happened in Week 1 of Elizabeth Holmes' Theranos Trial /P 346 0 R << /P 8 0 R endobj We all knew it was coming. /InlineShape /Figure /K 126 0 R /P 50 0 R >> Theranos gambit may have extended over time precisely because all four biases played a role in the making of a dream that was never fully tested against the constraints of reality. /P 316 0 R Elizabeth Holmes and her ill-fated blood-testing start up, Theranos, are the subjects of the latest exceptional read. >> All rights reserved. /S /LI /Pg 238 0 R 186 0 obj /S /LI Holmes dropped out of Stanford University at 19 to start the medical diagnostics company in 2003. /K 232 0 R 119 0 obj /P 8 0 R /P 8 0 R /K 10 /S /P 195 0 obj /Parent 13 0 R /S /LI /Pg 242 0 R /Pg 256 0 R /S /LI /MediaBox [0 0 612 792] 213 0 obj /Rotate 0 352 0 obj /Pg 239 0 R /S /L << /P 59 0 R /Pg 235 0 R /P 48 0 R >> Since this form of unethical behavior may lack the pangs of guilt and/or shame that generally provide people with a certain amount of self-restraint and hesitation, it can be difficult for others to suspect any bad conduct. endobj /P 8 0 R /Lang (EN-US) /S /P /P 34 0 R /P 8 0 R >> The Journal reported that in 2015, the technology was only used for 15 tests. << /K 158 0 R /Pg 241 0 R << It then allegedly used those articles to generate financial interest. << 228 0 obj /Pg 250 0 R The indictment charges each defendant with two counts of conspiracy to commit wire fraud, in violation of 18 U.S.C. 149 0 R null null null 150 0 R null null null 151 0 R null endobj /S /LBody /K 49 /K 183 0 R /K 159 0 R /P 40 0 R /Lang (EN-US) /K 22 /Length 10 0 R /P 48 0 R /Lang (EN-US) /Parent 12 0 R /S /P /Pg 236 0 R /Lang (EN-US) /P 339 0 R 202 0 obj >> >> /S /LBody /K 9 endobj Everything you need to know about the Theranos scandal Mission statement examples: 16 of the best to inspire you Hot Startup Theranos Has Struggled With Its Blood-Test Technology /P 335 0 R Its not uncommon for startups to lose money in their early years, and its not entirely unusual for the fastest burn rate to happen right before things turn around. >> /P 8 0 R /K 202 0 R >> endobj 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. /S /L /Parent 12 0 R 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. >> /P 379 0 R endobj >> The fact that key stakeholders at Safeway remained upbeat despite the arrogant and secretive behaviors of Theranos executives and the lack of any real hard proof associated with many of the claims Theranos was making is extremely revealing. Around the time that Theranos was losing nearly $2 million per week, investors in the blood-testing startup were being told that the company would soon be bringing in almost $1 billion per year. /K 28 /P 8 0 R A March 17 hearing is scheduled on her request to stay out of prison during her appeal. << Anyone who engages in deceptive practices should know they will not go undetected and will be held accountable. /Lang (EN-US) << << /Pg 247 0 R /P 8 0 R /Pg 256 0 R /Lang (EN-US) >> /S /LBody /Pg 256 0 R /P 302 0 R /S /LI /K 37 /K 5 Before sharing sensitive information, make sure you're on a federal government site. << endobj None of the information on this page has been provided or approved by Theranos. /MediaBox [0 0 612 792] 73 0 obj >> endobj Paradoxically, instead of warranting greater scrutiny, the very gap between Theranos projected solution and the requirements of the available blood-testing technology may have prevented a number of decision-makers from focusing on practical questions during evaluation of the companys potential and its various promises.