![]() owns the Journal, is a hero printing Carreyrou’s This is possibly the only story you will ever read in which Rupert Published the Theranos story in October 2015, ignoring legal threats from BoiesĪnd others. The resulting litigation cost Tyler $400,000 in legal fees. Sign a confidentiality agreement, then introduced him to a lawyer who handed He later agreed to talk to Carreyrou.Īlso talked to his grandfather, who refused to believe him, prevailed on him to This email come from anyone else in the company, I would have already held themĪccountable for the arrogant and patronizing tone and reckless comments”). Holmes didn’t reply, but Balwani wrote Tyler a Tyler alerted Holmes in an email that all was not Balwani, he learned, was ordering employees to ignore Kissinger who knew absolutely nothing about biomedicine - and Tyler went to workĪt Theranos after graduating from Stanford.īlood tests, which were then starting to be marketed to the public, wereĮxtremely unreliable. Packed the board with establishment types like George Shultz and Henry Shultz met Holmes after his grandfather joined the Theranos board in 2011-Holmes Most painful personal story in Carreyrou’s book concerns Tyler Shultz, grandson of George Shultz, the late secretary of state who died in February. Nine years when anybody who tried to alert the Hill Road and the business press and Theranos’s Nine years during which Holmes became a darling of Sand ![]() It was impossible to state out loud that Theranos’s home blood tests were How long “eventually” might have been is hard to guess. In The Wall Street Journal, evidence that the Theranos productĭidn’t work would have accumulated (probably at the cost of some lives).Įventually the product would have been taken off the market. Truth-tellers into silence forever eventually the facts will out. ![]() To relate all these details to you, demonstrates that corporations can’t bully Theranos board member David Boies, threatens financial ruin.Ĭan argue that the fact that Theranos was finally caught out, and that I’m able Or the press, Theranos’s very aggressive legal team, led by If that person tries to alert investors, or government regulators, That person gets frozen out and, nearlyĪlways, fired. Sufficient to yield reliable lab results). Never could: The engineering problem was that a few tiny drops of blood weren’t Working as advertised (it never did) and can’t seriously be expected to (it Knowledgeable employee reports to Holmes or Balwani that the technology isn’t Rest of the book repeats variations of that story over and over. The company that Mosley got fired for embezzlement. Later, a false rumor somehow circulated within Keep doing that.” In Carreyrous’s telling, “Elizabeth’s expression suddenlyĬhanged.… She leveled a cold stare” and said, “Henry, you’re not a team player.” Switzerland for the demonstration didn’t work, so a bioinformatics team back inĬalifornia beamed in a counterfeit result.Ī private meeting, Mosley told Holmes, “We’ve been fooling investors. Was troubled to discover that a live demonstration of the product for theĮuropean drugmaker Novartis was faked. ![]() Shaped like a credit card, pop the cartridge into a toaster-shaped “reader,” thenīeam the information necessary to analyze the blood to a medical professional. Prick their fingers, squeeze a few drops of blood into a plastic cartridge Theranos was developing a product that allowed people to The sad lessonįirst truth-teller, according to John Carreyrou’s authoritative 2018 book, Bad Blood: SecretsĪnd Lies in a Silicon Valley Startup, was the company’s chief financial Who’s the abuser and her onetime employees who are the abused. More a cautionary tale about the terrifying efficacy of bullying than it is about Settled on seems thematically appropriate, because the Theranos story is But the “Sunny made me” defense that Holmes has Or false, it’s doubtful Holmes’s claim that she was abused will bear much Whose trial will follow Holmes’s, denies it.) It wouldn’tīe the first time that a strong woman was terrorized by a male bully. Holmes is notoriously mendacious-it’s what she’s on trialįor-but we can’t assume these accusations, when we hear them, will be untrue. Holmes.” The details of this abuse are similarly redacted in a ribbon ofīlacked-out lines. Balwani exercised psychological, emotional and over The victim of Theranos’s second-in-command, Ramesh “Sunny” Balwani. Elizabeth Holmes’s signature black turtleneck hide bruises? Theįounder and chief executive of Theranos is preparing to stand trial for fraud andĬonspiracy to commit wire fraud, and her defense will present Holmes as
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