133 0 obj << /S /P << /Pg 245 0 R /S /LBody endobj /Lang (EN-US) << >> /Lang (EN-US) >> /Pg 235 0 R /Annots [] 283 0 obj << /Pg 244 0 R For example, the defendants represented to investors that Theranos conducted its patients tests using Theranos-manufactured analyzers; when, in truth, Holmes and Balwani knew that Theranos purchased and used for patient testing third party, commercially-available analyzers. /K 10 /S /LI Holmes faces up to 20 years in prison. >> endobj /P 8 0 R /K 10 /P 359 0 R >> >> endobj >> 114 0 obj Help us make this company more transparent. stream >> A sign outside of the headquarters of Theranos in Palo Alto, California on January 24, 2016. endobj endobj Elizabeth Holmes finishes testifying in Theranos trial - The Washington /Lang (EN-US) >> Best Mission Statements: 12 Examples You Need to See - Fond /K 130 0 R Elizabeth Holmes, the former CEO of Theranos convicted of defrauding investors, is seeking to delay the start of her 11-year prison sentence because she has "two very young children" to be with. Forbes has since . endobj Research on the dark sides of creativity suggests that not only are people more likely to act dishonestly when they are in a creative state, but that cheating, in itself, can actually make people more creative. >> 117 0 obj 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". null null 121 0 R null null null 122 0 R null null null /K 12 /Placement /Block /P 352 0 R 214 0 obj /S /LI 234 0 obj endobj /P 55 0 R The company claimed to be able to provide over 240 finger-prick blood tests, including ones that could reportedly detect cancer, according to The Wall Street Journal. /P 278 0 R endobj endobj /P 290 0 R /Pg 248 0 R /P 50 0 R 306 0 obj /Lang (EN-US) 354 0 obj /Pg 254 0 R << /P 42 0 R Nies was hired at Theranos in March 2015 for $185,000 a year to be the senior manager of customer service and call center operations at the company's headquarters in Palo Alto, Calif., according . /Pg 250 0 R >> /P 44 0 R /K 209 0 R /P 63 0 R 393 0 obj /Type /Pages >> >> 29 0 obj >> >> << endobj << 269 0 obj << June 15, 2018: Theranos Founder and Former Chief Operating Officer /P 51 0 R >> /S /LBody /K 14 << /K 22 /Pg 248 0 R 159 0 R null null null 160 0 R null null null 161 0 R null /P 323 0 R 229 0 obj /Tabs /S /K 22 The Journal reported that in 2015, the technology was only used for 15 tests. >> << endobj endobj 190 0 obj endobj >> /K 31 That innovation combined with the use of technology to build a somewhat bulkier though still miniature and portable yet more reliable version of the micro-Lab would have provided plenty of opportunity to make strides towards the dream of empowering people with reliable, timely and inexpensive blood testing. /S /LI Leaving Little Space for Inspiration. 178 0 obj << /K 30 /Pg 249 0 R /K 12 Theranos wanted to make detailed blood sample analysts accessible to all doctors in a timely manner. by Elizabeth Holmes. >> /S /LI null null 127 0 R null null 45 0 R null null 128 0 R null 187 0 obj /Count 9 /Marked true /Pg 238 0 R 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. Mutual Fund and . /S /LBody << >> << 27 0 obj >> /Lang (EN-US) /Annots [] The indictment charges each defendant with two counts of conspiracy to commit wire fraud, in violation of 18 U.S.C. 340 0 obj /Pg 235 0 R /S /P /P 365 0 R 159 0 obj endobj << /S /LI /P 8 0 R endobj >> << /K 187 0 R endobj 31 0 obj >> >> 240 0 obj endobj << /StructParents 7 -mission statement: to make actionable information accessible to everyone at the time it matters. endobj >> 85 0 obj /S /LI (REUTERS/Carlo Allegri). /Lang (EN-US) 42 0 obj /StructParents 0 >> >> /Contents [497 0 R 498 0 R 499 0 R] /MediaBox [0 0 612 792] >> /S /P endobj 253 0 obj << Ars may earn compensation on sales from links on this site. 73 0 obj /S /LBody >> << Fear a Culture of Fear. Holmes grew up in Houston, Texas and studied chemical engineering at . 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. /P 50 0 R /P 331 0 R /Pg 244 0 R /Lang (EN-US) 127 0 obj /Lang (EN-US) /K 24 >> >> endobj /P 8 0 R Yam said she had never seen the document before, nor did she know where those numbers had come from. /S /P /K 171 0 R /Lang (EN-US) 116 0 obj /Pg 249 0 R /P 380 0 R /P 311 0 R /S /LI /Pg 255 0 R /K 10 I write about culture, leadership and ethics in business and work. /Pg 237 0 R >> endobj /Tabs /S 121 0 obj 199 0 obj >> /Tabs /S /P 48 0 R 264 0 obj /Resources 444 0 R /Tabs /S null null null null 168 0 R null null null 169 0 R null /K [105 0 R 106 0 R 107 0 R 108 0 R 109 0 R] /P 284 0 R /Rotate 0 >> endobj stream /P 48 0 R /S /LBody /Lang (EN-US) /P 48 0 R /K 2 /K 2 >> /Lang (EN-US) Ms Holmes faces 12 fraud charges over her . endobj Mark Zuckerberg's Facebook mission statements hide his real aim << 14 [null null 186 0 R null null null 187 0 R null null null 58 0 obj endobj Theranos may also be known as or be related to Theranos, Theranos Inc, Theranos Inc. and Theranos, Inc. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. << /Pg 248 0 R /Annots [] /S /P She is photographed in 2014 while speaking about the company's vision at their headquarters in Palo Alto . Have you worked at Theranos? /MediaBox [0 0 612 792] /StructParents 8 /Lang (EN-US) >> /Pg 235 0 R /P 276 0 R /K 228 0 R null 49 0 R null null 157 0 R null null] /Pg 238 0 R /P 300 0 R /Pg 251 0 R /MediaBox [0 0 612 792] /K 208 0 R 357 0 obj /K 8 The United States Postal Inspection Service has a long history of successfully investigating complex fraud cases, said Inspector in Charge Rafael E. Nuez. >> /Lang (EN-US) /K 5 /P 363 0 R /S /LBody /MCID 2 161 0 obj endobj The startup entrepreneurial spirit is selling a vision of a fictional product - a product that does not yet exist. /P 8 0 R /K 11 endobj /Parent 14 0 R Mr. Balwani's lawyer started his opening statement by deflecting blame onto Ms. Holmes, who was the chief executive of Theranos. /Lang (EN-US) << /StructParents 20 endobj 399 0 obj << Lessons from the Theranos Whistleblower - Ideas & Insights /S /LI [2] This was done through a medical device called a nanotainer, which drew, retained, and analyzed mere droplets of blood from the patient's fingertip and . /S /LBody endobj 1343. /Pg 248 0 R 123 0 R null null null 124 0 R null null] << /Pg 241 0 R 305 0 obj >> /Kids [245 0 R 246 0 R 247 0 R 248 0 R 249 0 R] 351 0 obj endobj /P 8 0 R endobj endobj << Theranos founder Elizabeth Holmes 'lied and cheated', trial hears /P 39 0 R Entrepreneurship lives in the realm of threading between the present and the future. << /S /LI /K 10 /Pg 258 0 R << /MediaBox [0 0 612 792] /P 50 0 R Mission statement examples: 16 of the best to inspire you /P 59 0 R 111 0 obj /Lang (EN-US) << /K 128 0 R endobj << /P 8 0 R << 97 0 obj endobj /S /LI Further, defendants allegedly represented to investors that Theranos had a profitable and revenue-generating business relationship with the United States Department of Defense and that Theranoss technology had deployed to the battlefield when, in truth, Theranos had limited revenue from military contracts and its technology was not deployed in the battlefield. /K 24 /P 8 0 R /S /L endobj Powered and implemented byFactSet Digital Solutions. /P 344 0 R endobj /S /LBody >> 274 0 obj >> /K [26 388 0 R] /Pg 255 0 R 55 0 obj << endobj 282 0 obj /S /LBody /CropBox [0 0 612 792] << /P 8 0 R /P 48 0 R /P 8 0 R 182 0 obj 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 /Lang (EN-US) /K 117 0 R /S /LI /Type /Page 297 0 obj /P 304 0 R Elizabeth Holmes dropped out of Stanford in 2003 as a 19-year-old to start Theranos. >> /S /LI Quotes displayed in real-time or delayed by at least 15 minutes. /Contents [437 0 R 438 0 R 439 0 R] 231 0 obj >> 60 0 obj The average salaries at Bloomberg rank the highest, with their employees earning an. /P 8 0 R >> >> The mission and vision statements of Kraft Heinz are indicative of a company that desires to lead the rest in everything it does. Holmes, Balwani, and Theranos also made false or misleading statements to investors about many aspects of Theranos' business, including the capabilities of its proprietary << endobj << >> << /Lang (EN-US) endobj A vision and its attached goals may inspire and motivate, but they can also severely contrive our ability to consider a broader set of possibilities or address contradictory information. /Pg 246 0 R /Pg 251 0 R endobj << /S /LI endobj /S /LBody /Lang (EN-US) /K 174 0 R /S /P /P 48 0 R endobj >> It's unclear . endobj 386 0 obj /P 8 0 R /P 339 0 R << /K 18 endobj null 233 0 R null null null 234 0 R null null 64 0 R 65 0 R endobj /P 51 0 R >> What's everyone talking about? Just 12 tests were performed on Edison devices, and the Edison analyzer could only run one type of test for one patient at a given time, she said. << 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. << Theranos's mission statement is "Our mission is to make actionable information accessible to everyone at the time it matters". << << /K 123 0 R /S /LI endobj Holmes only canceled the trip after prosecutors contacted Holmes attorneys about the unauthorized flight, prosecutors said. << /Parent 12 0 R endobj << 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. >> /Lang (EN-US) /S /P /K 18 /Diagram /Figure 35 0 R 36 0 R 37 0 R 38 0 R 39 0 R 40 0 R 41 0 R 42 0 R 43 0 R 44 0 R /S /LI >> /Kids [250 0 R 251 0 R 252 0 R 253 0 R 254 0 R 255 0 R 256 0 R 257 0 R 258 0 R] << /K 2 endobj 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. << /K 18 endobj /P 48 0 R /S /LBody << << << 43 0 obj >> /K [18 385 0 R] 293 0 obj 18 0 obj /Parent 11 0 R /Pg 235 0 R endobj /K 41 290 0 obj /K 172 0 R The next witness was Erika Cheung, who was hired by Theranos out of undergrad as a lab associate. << /S /LBody /Resources 436 0 R Elizabeth Holmes speaks during a Bloomberg, Television interview at the Vanity Fair 2015 New Establishment Summit in San Francisco, on Oct. 6, 2015. >> << << /P 50 0 R 350 0 obj /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." Before sharing sensitive information, make sure you're on a federal government site. /S /P ", EX-THERANOS CEO ELIZABETH HOLMES PROVIDING OWN DEFENSE IN CIVIL SUIT: REPORT. endobj /Lang (DE-DE) endobj /Lang (EN-US) /S /LI << /Lang (EN-US) /Pg 236 0 R /P 59 0 R endobj /K 133 0 R /Tabs /S 311 0 obj /CropBox [0 0 612 792] /Pg 253 0 R This is how Theranos's huge valuation was birthed and where a critical legal problem lies. >> /K 193 0 R ] 263 0 obj 235 0 obj /P 282 0 R She pitched its technology as a cheaper way to run dozens of blood tests with just a prick of a finger and a few droplets of blood. /K 37 /K 22 /Lang (EN-US) /Pg 247 0 R WIRED Media Group /Lang (EN-US) << Elizabeth Holmes wants to delay her prison sentence after giving birth endobj /Resources 420 0 R << /K 10 232 0 obj /Rotate 0 << /Contents [457 0 R 458 0 R 459 0 R] << /P 347 0 R /K 24 /Pg 254 0 R 296 0 obj << /P 8 0 R /K 22 /StructParents 19 D:20180314151216 Learn about working at Theranos from employee reviews and detailed data on culture, salaries, demographics, management, financial, and more. /P 287 0 R /S /LI /Lang (EN-US) /P 50 0 R /Lang (EN-US) /Lang (EN-US) /P 348 0 R endobj - Sep 15, 2021 3:40 pm UTC. 241 0 obj >> /P 8 0 R /Pg 242 0 R /K 221 0 R /Lang (EN-US) 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. /Lang (EN-US) 8 [null null 152 0 R null null null 153 0 R null null null /K 18 385 0 obj >> /P 270 0 R << endobj >> /Pg 235 0 R /S /LI /Pg 254 0 R endobj /Lang (EN-US) /Pg 258 0 R /P 54 0 R /P 283 0 R << /K 26 /S /LI endobj 62 0 obj /K 219 0 R 8 0 obj /Type /Page >> /S /LI << They are also attracted by the fact that behind the innovation and entrepreneurship are rules of law that require honesty, fair play, and transparency. /K 2 Theranos and Elizabeth Holmes: the Marketing of Silicon Valley's 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. << /Lang (EN-US) << /K 14 >> 347 0 obj /S /LI endobj /StructParents 22 /S /L 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 . /Contents [481 0 R 482 0 R 483 0 R] /Lang (EN-US) /Lang (EN-US) endobj /Lang (EN-US) There is no try', stolen from . /Lang (EN-US) 272 0 obj >> /Lang (EN-US) /Lang (EN-US) >> endobj /Pg 257 0 R /K 142 0 R However, any sentence following conviction would be imposed by the court after consideration of the U.S. endobj /Parent 5 0 R /S /LI /Resources 464 0 R The company's stated mission was to "revolutionize medical laboratory testing," according to the Department of Justice. 37 0 obj It included jury selection, opening statements, released text messages, and an unexpected . /Pg 238 0 R /Contents [421 0 R 422 0 R 423 0 R] /S /P /S /LBody By Elizabeth Lopatto / @ mslopatto. /Pg 256 0 R /K 183 0 R /K 14 /Pg 252 0 R Theranos eventually settled that matter with the government, voluntarily closing all of its labs. The two pleaded not guilty to wire fraud and conspiracy to commit wire fraud. null null 152 0 R null null] /S /LBody << PDF 510(k) SUBSTANTIAL EQUIVALENCE DETERMINATION - Food and Drug Administration /K 6 >> Theranos' mission: a blood test requiring only a pinprick of blood, enough to run dozens of medical tests on the startup's hi-tech machines. 20 0 obj << /S /LBody /P 277 0 R 356 0 obj /P 33 0 R /P 329 0 R /Type /Page endobj /S /LBody >> endobj Moreover, Theranos and Holmes made "false and misleading statements" in press accounts to bolster the startup's profile. /K 152 0 R /Pg 235 0 R endobj /Type /Page 2 0 obj /S /LBody << << /Pg 235 0 R 1 [null null 115 0 R null null null 116 0 R null null null >> 353 0 obj 94 0 obj /MediaBox [0 0 612 792] 134 0 obj Elizabeth Holmes finished testifying in wire fraud trial. 265 0 obj /Tabs /S /K 204 0 R /P 8 0 R /Lang (EN-US) 358 0 obj According to the indictment, Holmes and Balwani used advertisements and solicitations to encourage and induce doctors and patients to use Theranoss blood testing laboratory services, even though the defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests. >> /K 147 0 R 1349, and nine counts of wire fraud, in violation of 18 U.S.C. 105 0 obj /K 12 /S /P /S /LI /Type /MCR /S /LBody null 114 0 R null] /K 119 0 R /Pg 238 0 R /K 8 0 R >> << >> /Resources 472 0 R /Lang (EN-US) >> /S /LI /Lang (EN-US) << << /P 40 0 R /P 8 0 R Theranos, CEO Holmes, and Former President Balwani Charged With - SEC Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". 3480 /K 18 /K 10 The Seattle-based coffee giant originated in 1971 and has since become ubiquitous around the world. >> >> << Whistleblower and former Theranos lab tech Erika Cheung. << /K 10 << /S /LBody endstream >> 2 [null null 119 0 R null null null 120 0 R null null 41 0 R Avoid simply listing what your company does and shift your focus to the bigger picture: what guides your company strategy and inspires your workforce. /Contents [409 0 R 410 0 R 411 0 R] Solved ChapterCase 12 Part II-Strategic Management 1. What | Chegg.com /Lang (EN-US) /S /LBody /K 150 0 R HUMo@W~{-E$U i~ q&1KNwf{f(=7E GGY,kf~ _i^04V0[398o%dg2vWvuD`aiqeso"! /K 18 244 0 obj /Bibliography /BibEntry /P 8 0 R >> /Lang (EN-US) /P 48 0 R << /Lang (EN-US) << Investors large and small from around the world are attracted to Silicon Valley by its track record, its talent, and its promise. /P 330 0 R >> /P 8 0 R Theranos employees are most likely to be members of the Democratic Party. >> /Pg 248 0 R /P 42 0 R /P 48 0 R /Annots [] >> 3 0 obj endobj 213 0 obj /S /LBody /Pg 248 0 R 179 0 obj /K 18 It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. 66 0 obj >> /K 28 /Rotate 0 /Pg 246 0 R /S /TD << >> /S /LI << endobj /K 211 0 R 227 0 obj << /P 8 0 R >> endobj /Pg 235 0 R 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 . 392 0 obj >> endobj endobj By 2017, scientific and medical and technical boards were established. Answer (1 of 7): In 2003, Elizabeth Holmes, then a sophomore studying chemical engineering at Stanford, founded a company called Real-Time Cures. /Lang (EN-US) >> Theranos (@theranos) / Twitter /P 342 0 R /S /P << 355 0 obj /P 8 0 R /P 8 0 R >> /Pg 235 0 R /Lang (EN-US) << /P 8 0 R endobj /P 322 0 R /S /LI << /Pg 257 0 R /K 260 0 R endobj /K 176 0 R 312 0 obj /Pg 242 0 R << /Pg 252 0 R >> /K 31 /P 40 0 R null null 136 0 R null null null 137 0 R null null] << /Lang (EN-US) endobj << The Theranos founder intentionally deceived investors, a US . 225 0 obj /P 8 0 R FAQ - New Privacy Policy. /P 54 0 R /K 1 /S /LBody /P 313 0 R /S /P /MCID 2 There are at least four biases that can let a belief about a desired future state shape reality despite its disconnectedness from reality. /P 381 0 R /S /LBody /Pg 249 0 R /P 8 0 R >> 56 0 obj 82 0 obj Theranosonce valued at approximately $10 billionis no more. << 300 0 obj 255 0 obj >> endobj << endobj << << << 287 0 obj /K 5 >> /Lang (EN-US) << /S /LBody /K 10 /S /LBody /P 380 0 R /K 6 >> << /K 8 301 0 obj Mirage Or Vision? Four Blind Spots At The Core Of Theranos - Forbes /Pg 244 0 R /Pg 255 0 R /K 140 0 R << 270 0 obj >> /P 353 0 R Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. /Pg 235 0 R /Resources 432 0 R 339 0 obj /Lang (EN-US) /K 35 /K 110 0 R endobj /S /LBody << 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. /K 10 We searched far and wide for the best company mission statement examples. << 59 0 obj /S /LI endobj << endobj 338 0 obj /Contents [493 0 R 494 0 R 495 0 R] >> 298 0 obj /S /LI /Lang (EN-US) /S /P /S /LBody /P 376 0 R /Lang (EN-US) She had a strong sense of conviction to her mission., Cheung quit after seven months on the job and filed a whistleblower complaint with the Centers for Medicare and Medicaid Services, alleging that the company used expired lab supplies for tests run on its proprietary Edison testing devices, which themselves had major stability, precision, and accuracy problems., I was uncomfortable processing patient samples, she said. 378 0 obj << /K 175 0 R << /Tabs /S Founded in 2003 by then 19-year-old Elizabeth Holmes, Theranos raised more than US$700 million from venture capitalists and private investors, resulting in a $10 billion valuation at its peak in 2013 and 2014. /CropBox [0 0 612 792] >> /K 206 0 R /Pg 239 0 R /S /LI /Pg 237 0 R /Lang (EN-US) << endobj endobj 165 0 R null null null 166 0 R null null null null 167 0 R /Lang (EN-US) /Lang (EN-US) >> >> << Elizabeth Holmes and her ill-fated blood-testing start up, Theranos, are the subjects of the latest exceptional read. /MediaBox [0 0 612 792] endobj endobj /P 46 0 R 138 0 obj << << /Resources 488 0 R /K [24 387 0 R] /K 275 0 R >> /Lang (EN-US) /P 44 0 R endobj << /P 8 0 R /P 325 0 R << /S /LBody >> 35 0 obj /Pg 250 0 R /P 8 0 R /TextBox /Art Palantir has . /S /P /P 341 0 R >> emblazoned in block capitals in the Theranos lobby, was 'Do or do not. /P 51 0 R endobj /Tabs /S endobj /Lang (EN-US) /Pages 5 0 R /P 8 0 R /S /LBody 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. 344 0 obj << /Pg 235 0 R >> >> << >> 108 0 obj /MediaBox [0 0 612 792] << /Lang (EN-US) 28 0 obj /Lang (EN-US) 346 0 obj >> /Contents [473 0 R 474 0 R 475 0 R] Former Theranos board member, investor testifies against Elizabeth Holmes said in the recent court filing, she had planned to attend a wedding of close friends in Mexico and theticket was canceled immediately when the governmentraised the issue. Theranos founder Elizabeth Holmes "lied and cheated" for money and fame, prosecutors alleged on the first day of the former Silicon Valley star's trial. endobj /Pg 256 0 R /S /L 309 0 obj /Lang (EN-US) >> /Pg 256 0 R /Pg 244 0 R 210 0 obj /Lang (EN-US) /Lang (EN-US) Holmes, 34, of Los Altos Hills, Calif., founded Theranos in 2003. 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. /Tabs /S 321 0 obj << /S /P endobj None of the information on this page has been provided or approved by Theranos. Indication(s) for use: Same as the intended use 3. 206 0 R null null null 207 0 R null null null 208 0 R null /Resources 412 0 R endobj /Pg 258 0 R /Resources 484 0 R >> /Pg 235 0 R >> /K 10 /Pg 253 0 R /P 389 0 R 288 0 obj 343 0 obj /K 21 /Lang (EN-US) /S /LI /Lang (EN-US) /P 55 0 R At the peak of her career in 2015, Forbes estimated her net worth at $4.5 billion. 71 0 obj << endobj >> >> In many ways, Theranos is the embodiment of Silicon Valley startup culture. Mirage or Vision? Four Blind Spots at the Core of Theranos' Failure endobj 3 min read. /Pg 258 0 R 2018-03-14T09:02:10-07:00 >> endobj >> /Type /Page endobj >> /Lang (EN-US) /S /P endobj << /Lang (EN-US) 384 0 obj /P 48 0 R null null 191 0 R null null null 192 0 R null null] endobj /P 51 0 R endobj /K 34 Starbucks: Inspire and nurture the human spirit - one person, one cup and one neighborhood at a time. /P 8 0 R /Rotate 0 4 0 obj 262 0 obj /K 32 << /MediaBox [0 0 612 792] >> Toxic culture: Lessons from Theranos | Eagle Hill Consulting >> /Lang (EN-US) /Type /Page >> 181 0 obj /K [111 0 R 112 0 R 113 0 R 114 0 R] /Type /StructTreeRoot /P 371 0 R /Lang (EN-US) 310 0 obj /K 14 Bundled together, these biases not only warped Holmes sense of truth, but they likely slanted the perspective of key stakeholders who were attracted to the many promises made by Theranos. /S /LBody endobj endobj endobj /K 33 /S /P 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. << 23 [83 0 R 84 0 R 85 0 R 86 0 R 87 0 R 88 0 R 89 0 R 90 0 R 91 0 R 92 0 R endobj /Parent 5 0 R endobj 104 0 obj >> >> /K 14 /Pg 235 0 R /K 145 0 R /S /LI 119 0 obj Doctors began using Theranos testing devices to diagnose patients and dispense medical advice. >> << >> >> /K 10 13 [null null 178 0 R null null null 179 0 R null null null /K 6 endobj endobj >> /P 340 0 R >> 102 0 obj /P 63 0 R 194 0 R null null null 195 0 R null null null 196 0 R null /P 378 0 R << The national average salary for a Theranos employee in the United States is $44,094 per year. University Mission Statement. >> << /Annots [] /P 337 0 R /Pg 239 0 R Read company statement regarding investor . 155 0 obj /Pg 247 0 R /K 225 0 R /S /LI /Metadata 4 0 R 294 0 obj Theranos drained $96 million from an experienced investor plus some 308 0 obj 149 0 obj 15 [null null 192 0 R null null null 193 0 R null null null /K 9 /P 296 0 R We connect the world's decision makers to accurate information on the financial markets and help them make faster, smarter decisions. /K 29 endobj The alleged fraud, which Holmes perpetrated as the companys founder and CEO, may have felt less onerous due to the goodness of the vision and mission she championed. << /S /LI /S /LBody 53 0 obj /CropBox [0 0 612 792] /Pg 247 0 R /S /LBody 333 0 obj If convicted, they could each face maximum penalties of 20 years in prisona $2.75 million fine and possiblyrestitution, the Department of Justice said. endobj /Underline /Span /Resources 492 0 R >> /Pg 255 0 R /Lang (EN-US) endobj << /Lang (EN-US) 19 [null null 215 0 R null null null 216 0 R null null null /K 20 According to The Associated Press, the Journals investigation marked the beginning of the end of Theranos. 197 0 obj Columbia University is one of the world's most important centers of research and at the same time a distinctive and distinguished learning environment for undergraduates and graduate students in many scholarly and professional fields. << << 20 [null null 221 0 R null null null 222 0 R null null 56 0 R >> /S /LBody >> endobj /StructParents 14 /Subscript /Span endobj However, any sentence following conviction would be imposed by the court after consideration of the U.S. /K 6 /S /LI /K 28 endobj /K 127 0 R 40 0 obj 242 0 obj >> /P 368 0 R /Lang (EN-US) /Pg 245 0 R /S /LBody /P 48 0 R endobj /P 48 0 R /P 8 0 R /S /P /S /LBody 41 0 obj /P 377 0 R << /K [15 0 R 16 0 R 17 0 R 18 0 R 19 0 R 20 0 R 21 0 R 22 0 R 23 0 R 24 0 R It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. /P 51 0 R What Is Theranos CEO Elizabeth Holmes' Net Worth As Founder - Newsweek