theranos mission statement

383 0 obj null 114 0 R null] 249 0 obj uuid:08e7f9c5-06b3-4447-b9e6-d8f448ec8b85 >> endobj endobj Several months later, with encouragement from her professor, Channing Robertson, Holmes quit Stanford. /K 214 0 R 156 0 obj /P 8 0 R endobj << /S /P 221 0 obj 214 0 obj /P 51 0 R The defendants also represented to investors that Theranos would generate over $100 million in revenues and break even in 2014 and that Theranos expected to generate approximately $1 billion in revenues in 2015 when, in truth, the defendants knew Theranos would generate only negligible or modest revenues in 2014 and 2015. endobj /Lang (EN-US) /S /LBody /P 48 0 R /P 48 0 R /K 179 0 R This is why accounts about Theranos willingness to circumvent FDA rules and requirements, among other things, or legitimate due diligence requests made by potential clients is disconcerting yet unsurprising. 24 0 obj /Pg 238 0 R /S /LBody /K 19 /Contents [449 0 R 450 0 R 451 0 R] endobj /K 18 endobj /Resources 416 0 R /Lang (EN-US) >> /Lang (EN-US) /Kids [240 0 R 241 0 R 242 0 R 243 0 R 244 0 R] /K 3 /P 48 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. /K 4 Carreyous account of Safeways engagement with Theranos is powerful. endobj 42 0 obj /K 22 /S /TD 325 0 obj I write about culture, leadership and ethics in business and work. << >> << << endobj 177 0 obj /Type /Page /Lang (EN-US) /K 6 She is photographed in 2014 while speaking about the company's vision at their headquarters in Palo Alto . endobj endobj /Parent 13 0 R /K 12 Early on, experts inside and outside of the company questioned the technology. >> >> /P 366 0 R /S /L << It became evident that audited financial statements hadn't been prepared since 2009. 1 [null null 115 0 R null null null 116 0 R null null null /Lang (EN-US) /Pg 244 0 R /P 353 0 R /Lang (EN-US) /P 8 0 R 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. /Pg 256 0 R 122 0 obj >> endobj /S /LI Market data provided byFactset. << 90 0 obj >> << /K 18 The engrossing optimism that this may have generated in its founder, Elizabeth Holmes, and other champions of the companys vision is understandable. /Pg 235 0 R Getty Images. 212 0 obj /P 55 0 R /P 286 0 R /Pg 236 0 R /P 51 0 R /S /LBody /S /LBody /P 8 0 R John Carreyrou writes the story of a gifted 19-year-old who founded a health . /K 2 "Sunny Balwani did not start Theranos," said the lawyer . endobj /MediaBox [0 0 612 792] /Type /Page /P 50 0 R 345 0 obj /Resources 432 0 R /Outline /Span << /S /Table >> 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. /Tabs /S endobj endobj 32 0 obj >> /Artifact /P 1 /K 0 /P 34 0 R The effects of cheating in the service of good are not only treacherous for those who cheat, but also for those who interact and deal with the cheaters. /K [105 0 R 106 0 R 107 0 R 108 0 R 109 0 R] endobj /S /LBody >> /P 389 0 R << Ms Holmes faces 12 fraud charges over her . 2. >> /S /LI /S /LBody /S /LBody << endstream /K [374 0 R 375 0 R 376 0 R 377 0 R 378 0 R 379 0 R] Acrobat PDFMaker 18 for Word 265 0 obj June 15, 2018: Theranos Founder and Former Chief Operating Officer /P 42 0 R endobj /Lang (EN-US) 194 0 R null null null 195 0 R null null null 196 0 R null /P 8 0 R 3553. << /K 227 0 R /Lang (EN-US) /K 28 /K 29 /K 3 endobj The startup entrepreneurial spirit is selling a vision of a fictional product - a product that does not yet exist. 149 0 obj endobj /S /L /Rotate 0 << >> endobj Legal Statement. /Pg 253 0 R /P 8 0 R /Pg 256 0 R endobj >> /Lang (EN-US) >> << The company boasted the ability to get results from very small amounts of blood, something that would be revolutionary in medical diagnostics. 2018-03-14T09:02:10-07:00 << 111 0 obj 6 0 obj /Resources 420 0 R /K [276 0 R 277 0 R 278 0 R 279 0 R 280 0 R 281 0 R 282 0 R 283 0 R 284 0 R 285 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.". /P 381 0 R /P 8 0 R /Lang (EN-US) /K 14 <> /K 38 /Annots [] /S /LBody endobj /S /LI /S /LBody << 302 0 obj endobj Connor Radnovich/The Chronicle. /Lang (EN-US) /Pg 255 0 R /S /LI << /Pg 235 0 R /Resources 448 0 R endobj >> << /Parent 5 0 R /K 205 0 R >> /S /LI A mission that reads more like a fact sheet than something that explains a company's reason for existing won't be effective. 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. Elizabeth Holmes arriving to . endobj 380 0 obj . /Lang (EN-US) /Lang (EN-US) 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 How to run amok with $900M of VC funding /K 22 Attorneys Jeff Schenk, Robert S. Leach, and John C. Bostic are prosecuting the case with the assistance of Laurie Worthen and Bridget Kilkenny. <> /S /LI /S /LI Toxic culture: Lessons from Theranos | Eagle Hill Consulting >> /K 32 /MCID 2 /K 218 0 R endobj endobj /Lang (EN-US) /K 208 0 R /Count 9 /S /P /K 10 /Lang (EN-US) Who is Elizabeth Holmes and what did she do? - USA TODAY Specifically, the defendants claimed that Theranos developed a revolutionary and proprietary analyzer that the defendants referred to by various names, including as the TSPU, Edison, or minilab. 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 . /Lang (EN-US) endobj Whistleblower and former Theranos lab tech Erika Cheung. >> /Resources 408 0 R /MediaBox [0 0 612 792] Elizabeth Holmes' fate in jurors' hands after fiery closing arguments /Pg 253 0 R 304 0 obj Last week, Zuckerberg was back with 3,000 words . /S /LBody endobj /K [380 0 R 381 0 R] /P 8 0 R /K 28 260 0 obj << /Pg 257 0 R 292 0 obj /K 180 0 R >> /Lang (EN-US) /Type /MCR Theranos stood as the next big breakthrough innovator in the healthcare industry offering an affirming achievement of the value of human ingenuity. /P 269 0 R /K 6 Theranos went on to issue private stock in six rounds between 2014 and 2015, starting at 17 cents per share and ending at $17 per share, according to a document explained by Yam, with investors . /P 33 0 R endobj >> >> /Rotate 0 187 0 obj 142 0 obj /S /LI << The False Promise of Silicon Valley's Quest to Save the World Theranos competitors include TED, Bloomberg, HuffPost, National Journal, Washington Plaza Hot, Morgan Stanley, Newsweek. Holmes dropped out of Stanford University at 19 to found Theranos in 2003. null null 225 0 R null null null 226 0 R null null null /Lang (EN-US) << /Pg 245 0 R >> /Pg 258 0 R /P 260 0 R Theranos Flashcards | Quizlet /K 2 /K 190 0 R << /P 46 0 R /S /LI endobj /K 5 202 0 obj endobj /P 313 0 R 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 . /K 8 Nov 8, 2017. /P 50 0 R /K 10 /S /LBody << endobj /Parent 14 0 R << /S /LI /Lang (EN-US) /Lang (EN-US) /S /LI /K 6 >> 280 0 obj /Pg 235 0 R 17 [null null 204 0 R null null null 205 0 R null null null << /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. 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. endobj >> /Rotate 0 312 0 obj << endobj As years went by, whenever employees or experts raised warnings . /S /P 224 0 obj endobj 2023 FOX News Network, LLC. The rise and fall of Theranos: A timeline - The Mercury News /K 14 /S /LI /K 146 0 R << 288 0 obj >> /P 8 0 R /K 122 0 R /P 8 0 R /Pg 257 0 R 311 0 obj /Parent 13 0 R Once a strong believer in Theranos' mission, Mattis testified that he eventually realized the Holmes had misled him with empty promises. 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 271 0 obj 337 0 obj October 2015, the first in a series of Wall Street Journal articles challenged Theranos technology and expertise; by mid-2016, the advisory board disappeared and a fiduciary board was created. << /MediaBox [0 0 612 792] >> endobj Theranos founder Elizabeth Holmes 'lied and cheated', trial hears Investors large and small from around the world are attracted to Silicon Valley by its track record, its talent, and its promise. << /Pg 237 0 R And at least one employee told the financial newspaper Theranos executivesdid not report test results that would have caused concerns about the machines accuracy. >> 72 0 obj 3 0 obj /Pg 245 0 R /Tabs /S /Lang (EN-US) >> /K 45 The defendants claimed the analyzer was able to perform a full range of clinical tests using small blood samples drawn from a finger stick. << Last word: Your mission statement, and what it says about you /TextBox /Art /Lang (EN-US) >> Fraud, or just a failure? Theranos founder Elizabeth Holmes's trial 258 0 obj << 6 [null null 143 0 R null null null 144 0 R null null null /P 50 0 R /P 355 0 R << >> << /P 51 0 R /Pg 250 0 R << /K 10 /K 189 0 R /K 30 /S /L << /Lang (EN-US) 296 0 obj 46 0 obj /Lang (EN-US) 22 [70 0 R 71 0 R 72 0 R 73 0 R 74 0 R 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R 199 0 R null null] Theranos Mission Statement - YouTube Elizabeth Holmes and Theranos: How "The Change in Healthcare" Turned 40 0 obj /P 360 0 R /K 184 0 R 23 0 obj >> /K 142 0 R endobj /K 226 0 R /S /LI >> >> endobj /P 372 0 R endobj /Lang (EN-US) /K 11 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. THERANOS FOUNDER ELIZABETH HOLMES IN COURT; ANATOMY OF A FRAUD. << In fact, Yam relied heavily on Holmes for financial projections. endobj 174 0 obj >> /P 55 0 R 55 0 R 56 0 R 57 0 R 58 0 R 59 0 R 60 0 R 61 0 R 62 0 R 63 0 R 64 0 R 120 0 obj endobj << 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. /Pg 250 0 R << endobj /K 22 << /Pg 250 0 R endobj /Lang (EN-US) The Theranos story has been turned into an HBO . /P 48 0 R /Contents [437 0 R 438 0 R 439 0 R] /K 141 0 R /CropBox [0 0 612 792] 157 0 obj /Type /MCR /Rotate 0 endobj /Pg 250 0 R endobj null null 131 0 R null null] >> In court documents, federal prosecutors have said Holmes is a flight risk. /Pg 244 0 R /Type /Catalog /K 200 0 R endobj /Contents [433 0 R 434 0 R 435 0 R] /K 21 /Strikeout /Span /K 10 Theranos was a privately held healthcare technology company founded by then 19-year-old Elizabeth Holmes in 2003. /S /L $1 million bail: Student accused of attacking teacher's aide over Nintendo Switch, Consumer confidence: Optimism of US consumers declined in February, reflecting fears of a recession. /S /LI /Type /Pages << /Lang (EN-US) >> endobj /K 18 Entrepreneurship lives in the realm of threading between the present and the future. 395 0 obj /Type /Page /PageLayout /OneColumn /Pg 256 0 R 356 0 obj 193 0 obj /Parent 14 0 R 194 0 obj endobj /Pg 251 0 R /Pg 235 0 R >> endobj << 75 0 obj endobj The data presented on this page does not represent the view of Theranos and its employees or that of Zippia. University Mission Statement. /Rotate 0 >> 199 0 obj endobj /Pg 239 0 R /SourceModified (D:20180314151216) She had a charisma to her; she was very articulate,Cheung saidof Holmes. endobj << endobj Assistant U.S. /Parent 14 0 R << /Tabs /S /Pg 256 0 R 241 0 obj << << Government inspectors who arrived at Theranos in response to Cheungs letter found conditions similar to those in the complaint. 398 0 obj /S /LBody /K 6 Read company statement regarding investor . /P 8 0 R endobj /Pg 235 0 R In opening statements, a federal prosecutor depicted Balwani as an instrumental accomplice who helped Holmes pull off a huge scam tied to Theranos' blood-testing technology. /P 267 0 R << /S /P endobj /Lang (EN-US) /Pg 254 0 R << /P 8 0 R 315 0 obj /K 14 /S /LI /K 0 /Pg 236 0 R << << /Rotate 0 /K 6 149 0 R null null null 150 0 R null null null 151 0 R null 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. endobj /Type /Pages /S /LI 364 0 R 365 0 R 366 0 R 367 0 R] endobj >> /Resources 480 0 R >> endobj 85 0 R 86 0 R 87 0 R 88 0 R 89 0 R 90 0 R 91 0 R 92 0 R 93 0 R] endobj /K 21 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] Mission statement examples: 16 of the best to inspire you >> Department of Justice 9 [null null 157 0 R null null null 158 0 R null null null >> << Learn about working at Theranos from employee reviews and detailed data on culture, salaries, demographics, management, financial, and more. /Lang (EN-US) /K 182 0 R /Lang (EN-US) << endobj /S /LI >> /S /Span /Diagram /Figure /Lang (EN-US) 307 0 obj uuid:f59fd1a5-0a21-408a-99c1-079770aebbbd >> endobj The Spectacular Rise and Fall of Elizabeth Holmes and Theranos To conduct any kind of research for any company in any industry. /P 310 0 R endobj endobj While some are vague affirmations, others can sharpen employees' minds and give them a sense of identity and belonging. null] /P 294 0 R << /P 285 0 R /Lang (EN-US) endstream Todays indictment alleges that through their company, Theranos, CEO Elizabeth Holmes and COO Sunny Balwani not only defrauded investors, but also consumers who trusted and relied upon their allegedly-revolutionary blood-testing technology., This indictment alleges a corporate conspiracy to defraud financial investors, said Special Agent in Charge Bennett. endobj /Pg 235 0 R /K 229 0 R >> 293 0 obj /Pg 235 0 R /P 309 0 R /StructParents 3 << endobj /Lang (EN-US) /S /LBody 13 0 obj << 225 0 obj /Pg 235 0 R endobj 330 0 obj 112 0 obj >> 261 0 obj /P 8 0 R << We searched far and wide for the best company mission statement examples. /P 330 0 R Investors have poured more than $400 million into Theranos, valuing it at $9 billion and her majority stake at more than half that. /Lang (EN-US) /Lang (EN-US) /P 381 0 R The site is secure. << /Parent 11 0 R /K 148 0 R /Pg 235 0 R 283 0 obj >> /P 325 0 R endobj /K 219 0 R /S /TD /P 380 0 R /MCID 2 /S /LI Here's What Happened in Week 1 of Elizabeth Holmes' Theranos Trial The average salaries at Bloomberg rank the highest, with their employees earning an. The prosecution is the result of an investigation by the FDA Office of Criminal Investigations, the FBI, and the US Postal Inspection Service. The defendants also delivered to doctors and patients blood test results from which critical results were improperly removed. 210 0 obj /P 333 0 R /K 14 << << /Creator (Acrobat PDFMaker 18 for Word) /K 157 0 R >> 22 0 obj /S /LBody The University recognizes the importance of its location in New York City and . null null 142 0 R null null null 143 0 R null null] /Pg 235 0 R >> /K 6 << 394 0 obj (Photo by Brad Barket/Invision/AP). 96 0 obj /Type /Page Quotes displayed in real-time or delayed by at least 15 minutes. >> << /K 206 0 R /K 30 45 0 obj 93 0 obj 237 0 obj 211 0 R null null null 212 0 R null null null 213 0 R null endobj << In many ways, Theranos is the embodiment of Silicon Valley startup culture. << /S /LBody /Length 502 0 R << >> >> << 139 0 R null null null 140 0 R null null null 141 0 R null endobj << 125 0 obj >> /K 172 0 R /Tabs /S 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. 189 0 obj >> 18 [null null 209 0 R null null null 210 0 R null null null About Columbia | Columbia University in the City of New York /S /LBody /S /LI 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R 33 0 R 34 0 R >> /Pg 256 0 R 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. /Pg 257 0 R /P 48 0 R /K 0 19 0 obj /S /LBody /S /LI >> /P 48 0 R <> 124 0 obj /K 22 endobj 117 0 obj /K 137 0 R /Pg 247 0 R 59 0 obj endobj /K 204 0 R /K 13 /Pg 244 0 R 73 0 obj /P 380 0 R >> /P 334 0 R 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 /Pg 243 0 R endobj /S /LI /Pg 256 0 R /Pg 235 0 R << /K 115 0 R /Underline /Span 11 [null null 169 0 R null null null 170 0 R null null null >> /K 173 0 R endobj 188 0 obj /K 18 /Pg 235 0 R endobj 16 0 obj /Rotate 0 << endobj . endobj 155 0 obj /K 2 << >> >> Special conditions for use statement(s): The Theranos HSV-1 IgG Assay is for prescription use only in accordance with 21 CFR 801.109 4. /S /Sect For example, allegedly, Holmes and Balwani knew that the analyzer, in truth, had accuracy and reliability problems, performed a limited number of tests, was slower than some competing devices, and, in some respects, could not compete with existing, more conventional machines. /K 123 0 R 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 358 0 R /P 50 0 R << >> /S /P endobj << Theranos Announces Expansion of Board of Directors and New endobj /P 8 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 235 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. /S /LBody 399 0 obj Theranos is ranked #71 on the Best Start-up Companies to Work For in America list. /CropBox [0 0 612 792] >> /Lang (EN-US) /Contents [489 0 R 490 0 R 491 0 R] << /Contents [413 0 R 414 0 R 415 0 R] << /P 8 0 R 346 0 obj It then allegedly used those articles to generate financial interest. /Lang (EN-US) /S /LBody It's unclear whether Theranos' rise and fall will turn out to be a dazzling mirage of "would-be" business . endobj /MediaBox [0 0 612 792] /Pg 242 0 R /CropBox [0 0 612 792] null] /Pg 255 0 R 147 0 obj << /Pg 244 0 R /Pg 239 0 R >> 77 0 obj /S /LI endobj /S /LBody endobj endobj This conspiracy misled doctors and patients about the reliability of medical tests that endangered health and lives.. /Lang (EN-US) endobj 219 0 obj 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. >> /P 282 0 R /S /P << But Theranos shared very little about its blood-testing machine with the public or medical community. endobj null 47 0 R null null 129 0 R null null null 130 0 R null << >> /Pg 253 0 R /Pg 235 0 R /S /LBody The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. << /Lang (EN-US) 242 0 obj /Lang (EN-US) /Lang (EN-US) /S /LBody 308 0 obj We just didn't know what new form it would take. /K 213 0 R /Pg 235 0 R But in February, the pair had a number of charges dropped, excluding wire fraud. That journey ended not, as it could have been, when the promises of its vision delivered their potential, but it ended when somebody, finally, brought reality into the picture. >> 62 0 obj Theranos is a now-defunct healthcare technologystartup founded by disgraced Stanford drop-out Elizabeth Holmes. >> The indictment charges each defendant with two counts of conspiracy to commit wire fraud, in violation of 18 U.S.C. >> << 114 0 obj /Chart /Figure /P 8 0 R << /K 7 /Type /Page << endobj /Lang (EN-US) 263 0 obj 165 0 R null null null 166 0 R null null null null 167 0 R 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. /Rotate 0 << 68 0 obj /Lang (EN-US) 370 0 obj /Lang (EN-US) << /StructParents 7 /S /P /K 168 0 R There are at least four biases that can let a belief about a desired future state shape reality despite its disconnectedness from reality. endobj >> >> << >> 30 0 obj >> /S /LI 146 0 obj >> <> 259 0 obj /Pg 240 0 R Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. /P 380 0 R >> 83 0 obj endobj /Resources 412 0 R << 19 [null null 215 0 R null null null 216 0 R null null null /S /LI << /Pg 246 0 R << 384 0 obj 1343. /Pg 236 0 R << /Tabs /S << >> endobj endobj Help other job seekers by rating Theranos. 300 0 obj /P 55 0 R endobj /Tabs /S >> 314 0 obj << >> endobj << /Pg 235 0 R /Pg 235 0 R /MCID 2 /DropCap /Figure /P 44 0 R /K 14 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. >> /S /LI /Pg 242 0 R /K [273 0 R 274 0 R] >> << >> /Lang (EN-US) endobj /Pg 235 0 R /K 1 /P 8 0 R Onetime wunderkind Holmes and Balwani, her former partner in business and domestic affairs, stand charged with nine federal counts . /S /LBody endobj 240 0 obj This office, along with our other law enforcement partners in the Bay Area, will vigorously investigate and prosecute those who do not play by the rules that make Silicon Valley work. >> /K 234 0 R /P 50 0 R endobj /Rotate 0 /P 55 0 R /K 10 /Lang (EN-US) 9 0 obj /S /P /Lang (EN-US) A jury will decide whether Ms. Holmes, who founded Theranos and hawked a mission of revolutionizing health care, lied to investors about her company's technology. /S /LBody Theranos CEO Elizabeth Holmes needs to grow up, and fast /K 19 33 0 obj endobj >> >> /Lang (EN-US) >> >> 12 0 obj /P 50 0 R /Pg 240 0 R endobj /S /LI Many of those statements were outright falsehoods or, more charitably, danced around the truth. 208 0 obj >> 63 0 obj /CropBox [0 0 612 792] endobj >> Theranos founder Elizabeth Holmes arrives at San Jose court, Theranos CEO on companys blood testing system. /S /P /Lang (DE-DE) Elizabeth Holmes Mission | Full Interview Fortune MPW - YouTube /K 9 /P 381 0 R /MediaBox [0 0 612 792] Holmes faces up to 20 years in prison. 66 0 R 67 0 R 68 0 R 69 0 R] endobj /K 10 /P 306 0 R /P 8 0 R << /Contents [398 0 R 399 0 R 400 0 R 401 0 R 402 0 R 403 0 R 404 0 R 405 0 R 406 0 R 407 0 R] >> 238 0 obj endobj 181 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. /S /LI /Pg 249 0 R << /Type /MCR Next to a perfectly dosed narrative of black turtlenecks, sprawling office facilities, glossy paper spreads and alluring marketing campaigns, the supposed Apple look-alike of the health technology industry tantalized investors and consumers with its mission, to facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives. Its no surprise that many bought into it. << 217 0 R null null null 218 0 R null null null 219 0 R null >> /Pg 241 0 R >> /S /P /P 48 0 R endobj endobj /K 116 0 R /K [18 385 0 R] << << /K 18 /K [22 386 0 R] /P 311 0 R /P 392 0 R <> 231 0 obj . /StructParents 12 /P 48 0 R Total losses surpassed $800 million, prosecutors said. /Pg 239 0 R /S /LBody >> /Pg 253 0 R /Resources 472 0 R 310 0 obj << endobj << >> There were . However, any sentence following conviction would be imposed by the court after consideration of the U.S. /K 260 0 R << /K 124 0 R >> << endobj /CropBox [0 0 612 792] << FAQ - New Privacy Policy. /P 171 0 R /K 16 /K 29 >> endobj /S /LBody /Pg 243 0 R /Pg 258 0 R /S /LI /StructParents 8 /P 323 0 R 7 0 obj 169 0 obj >> /P 55 0 R /P 48 0 R /P 8 0 R endobj /P 380 0 R <> >> endobj >> /S /P << /Contents [441 0 R 442 0 R 443 0 R] << Initially she funded Real-Time Cures with her co. But what may be less intuitive is the effect that such optimism likely had on the ability of the companys senior leadership to consider the implications of their decisions and following actions. 256 0 obj /Parent 5 0 R /Pg 236 0 R /K 51 endobj /P 304 0 R >> 327 0 obj And the company's downfall later became the focus of an HBO documentary, "The Inventor: Out for Blood in Silicon Valley. The collaborative investigative work on this case conducted by Postal Inspectors, our law enforcement partners, and the United States Attorneys Office illustrates our efforts to protect both consumers and investors., The Indictment Alleges That Doctors And Patients Were Defrauded. 285 0 obj endobj Ad Choices, Theranos founder Elizabeth Holmes on trial as jury selection begins, Theranos downfall due to elaborate $4M conspiracy, investor says.