endobj /Lang (EN-US) >> endobj /Type /Page /Pg 241 0 R /P 39 0 R Researchshows that unethical conduct is more likely when people are tempted with the opportunity to cheat on behalf of a good cause, and that cheaters may feel more at ease with their own behavior if they cheat on behalf of the common good. 262 0 obj endobj /P 50 0 R 228 0 obj endobj endobj 293 0 obj >> << /CropBox [0 0 612 792] 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 380 0 R /Pg 240 0 R /Type /Page /S /LBody /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 endobj 18 0 obj endobj 194 0 obj How to run amok with $900M of VC funding /P 340 0 R 261 0 obj /Pg 256 0 R /Type /MCR /Lang (EN-US) 388 0 obj The story raised concerns about the accuracy of Theranos blood-testing technology, which put patients at risk of having conditions either misdiagnosed or ignored. /K 155 0 R /Pg 256 0 R /Lang (EN-US) 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. /Annots [] /Type /Pages According to the March 2018 statement from the SEC, Theranos, . /P 371 0 R >> endobj >> 66 0 R 67 0 R 68 0 R 69 0 R] 185 0 obj 240 0 obj /P 378 0 R endobj According to Temporal Construal Theory, a compelling, unfulfilled mission can trigger this type of operational myopia. 366 0 obj /Lang (EN-US) endobj /P 321 0 R /Pg 256 0 R /Pg 237 0 R endobj /K 119 0 R /S /LBody /K [30 396 0 R] >> In his book Bad Blood, John Carreyrou documented accounts describing Elizabeth Holmes unwillingness to revise the original micro-Lab specs and her reported tendency to shut off whoever tried to provide realistic feedback or solutions to the technical problems Theranos was facing. /CropBox [0 0 612 792] /S /TD >> 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. << /StructParents 14 John Carreyrou writes the story of a gifted 19-year-old who founded a health . >> /Lang (EN-US) /K 5 /P 352 0 R endobj /Pg 257 0 R /Pg 242 0 R /P 55 0 R /Contents [437 0 R 438 0 R 439 0 R] /Contents [497 0 R 498 0 R 499 0 R] endobj >> Companies in Silicon Valley are wonderfully fond of describing themselves as "mission-driven.". << 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. 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 8 0 R /S /P /P 344 0 R It claims its technology can work with just a finger prick. Elizabeth Holmes finishes testifying in Theranos trial - The Washington /Lang (EN-US) endobj /Lang (EN-US) /P 283 0 R >> 398 0 obj >> /Lang (EN-US) endobj /Pg 235 0 R /Type /MCR 396 0 obj /S /LBody 75 0 obj /P 48 0 R /K 151 0 R endobj /Pg 255 0 R null null 214 0 R null null] /K 5 << << endobj /Resources 416 0 R 48 0 obj Zippia Score 4.7. 298 0 obj Theranos Flashcards | Quizlet >> /K 6 /Annots [] << /CropBox [0 0 612 792] endobj /K [26 395 0 R] /CropBox [0 0 612 792] endobj 40 0 obj /K 2 337 0 obj 132 0 obj Theranos is ranked #71 on the Best Start-up Companies to Work For in America list. 250 0 obj endobj << /K 41 endobj endobj /Lang (EN-US) /P 380 0 R /P 40 0 R /P 48 0 R Acrobat PDFMaker 18 for Word /Annots [] >> Heinz and Kraft Foods. null null 162 0 R null null null 163 0 R null null] /P 8 0 R /P 48 0 R ", EX-THERANOS CEO ELIZABETH HOLMES PROVIDING OWN DEFENSE IN CIVIL SUIT: REPORT. 193 0 obj /K 22 /Annots [] /P 336 0 R /P 55 0 R 106 0 obj >> /P 8 0 R 211 0 R null null null 212 0 R null null null 213 0 R null Theranos is a consumer healthcare technology company. << endobj /Resources 408 0 R >> /S /LBody It became evident that audited financial statements hadn't been prepared since 2009. 104 0 obj /CropBox [0 0 612 792] And the company's downfall later became the focus of an HBO documentary, "The Inventor: Out for Blood in Silicon Valley. >> The data presented on this page does not represent the view of Theranos and its employees or that of Zippia. /S /LBody /Contents [425 0 R 426 0 R 427 0 R] /K 29 /Lang (EN-US) >> /P 381 0 R /P 393 0 R 221 0 obj 204 0 obj /K 10 endobj << What Is Theranos CEO Elizabeth Holmes' Net Worth As Founder - Newsweek << /P 368 0 R 74 0 obj The two pleaded not guilty to wire fraud and conspiracy to commit wire fraud. OUR MISSION listen to our readers and cover the topics that matter to them . /Pg 235 0 R << >> 281 0 obj /K 8 >> 47 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. >> 373 0 obj /P 8 0 R /S /P /Lang (EN-US) /Lang (EN-US) /S /LI 122 0 obj /S /LI endobj /Pg 240 0 R 147 0 obj endobj /S /LI /P 374 0 R 11 0 obj 247 0 obj >> endobj endobj 19 [null null 215 0 R null null null 216 0 R null null null /Lang (EN-US) 98 0 obj /P 380 0 R /Lang (EN-US) 249 0 obj /K [349 0 R 350 0 R 351 0 R 352 0 R 353 0 R] << /K [14 389 0 R] 279 0 obj endobj 253 0 obj Theranos competitors include TED, Bloomberg, HuffPost, National Journal, Washington Plaza Hot, Morgan Stanley, Newsweek. endobj %PDF-1.5 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 243 0 R endobj /Type /MCR 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 >> /S /LI << /P 370 0 R /Pg 235 0 R /K 231 0 R What's everyone talking about? /Contents [481 0 R 482 0 R 483 0 R] endobj >> /Lang (EN-US) After Cheung went to the federal government, Theranos hired a private detective to spy on her, according to court documents released last week. >> >> endobj << 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". 171 0 obj >> /P 342 0 R /K 115 0 R Holmes fostered a culture of fear because it served her needs. 287 0 obj 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. 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. /Lang (EN-US) /Pg 240 0 R Indication(s) for use: Same as the intended use 3. endobj >> /S /LBody endobj /S /LBody >> >> Theranos has established itself as a great place to work in California, and it is number 17 on Zippia's list of, The average employee at Theranos makes $44,094 per year. 312 0 obj << The University recognizes the importance of its location in New York City and . /K 28 200 0 obj /P 46 0 R 112 0 obj >> /P 380 0 R /Lang (EN-US) 105 0 obj >> How did Elizabeth Holmes come up with the name "Theranos"? - Quora Holmes rocketed to Silicon Valley stardom nearly a decade ago when she started speaking publicly about Theranos's vision a small . In addition, the defendants represented to investors that Theranos would soon dramatically increase the number of Wellness Centers within Walgreens stores when, in truth, Holmes and Balwani knew by late 2014 that Theranoss retail Walgreens rollout had stalled because of several issues, including that Walgreenss executives had concerns with Theranoss performance. /K 36 128 0 obj /Rotate 0 /P 8 0 R /K 33 About us Our mission is to make actionable information accessible to everyone at the time it matters. /K 16 /S /TR /Lang (EN-US) >> 95 0 obj /Pg 237 0 R /Pg 250 0 R /Resources 476 0 R /K 29 /Pg 245 0 R Most of the tests that Theranos was performing for clients were done on devices made by other companies, Cheung testified. 270 0 obj << /Parent 5 0 R /S /LBody endobj 275 0 obj << !xRnE1$g9`8\\5g1^"z+. endobj endobj Learn about working at Theranos from employee reviews and detailed data on culture, salaries, demographics, management, financial, and more. >> endobj /K 200 0 R 210 0 obj /S /LI /MediaBox [0 0 612 792] /K 6 >> Working At Theranos: Employee Reviews And Culture - Zippia Both schemes involved efforts to promote Palo Alto, Calif.-based Theranos. 27 0 obj >> /Pg 235 0 R /P 48 0 R 347 0 obj /S /LI /K 20 Starbucks: Inspire and nurture the human spirit - one person, one cup and one neighborhood at a time. Holmes, who founded Theranos in 2003 at age 19 with the lofty mission of revolutionizing blood testing, has pleaded not guilty. /K 30 /S /LI 4 [null null 131 0 R null null null 132 0 R null null null 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) << /Resources 464 0 R << /Lang (EN-US) 24 0 obj >> Anyone who engages in deceptive practices should know they will not go undetected and will be held accountable. /Lang (EN-US) << 254 0 obj endobj Theranos is in the biotechnology industry. /P 294 0 R 217 0 obj /Tabs /S 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. 349 0 obj 197 0 obj endobj /P 55 0 R >> /P 48 0 R /K 191 0 R >> /Pg 256 0 R endobj /Pg 235 0 R << The mission statement conveys no values such as honesty, transparency, or integrity. /S /P /Pg 257 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. In November 2022, Holmes was sentenced to 135 months in prison for defrauding investors in the failed Silicon . /S /LBody 236 0 obj /P 8 0 R << 367 0 obj /Pg 235 0 R Theranos' mission was "to make actionable health information accessible to people everywhere in the world, at the time they most need it." It was a lofty, inspiring, and valiantly unifying purpose, . /S /LI /Pg 255 0 R Theranos wanted to make detailed blood sample analysts accessible to all doctors in a timely manner. /Type /StructTreeRoot U.S. Attorneys Office /P 331 0 R endobj /Pg 249 0 R endobj /K 6 /P 48 0 R /Parent 11 0 R /K 18 /K 214 0 R >> Elizabeth Holmes donated endobj << /S /P << endobj >> 387 0 obj >> Instead, a vision made boundless by its sharp divide from reality and its extraordinarily narrow goals ended up only perpetuating a state of motivated blindness. /P 380 0 R << /Pg 244 0 R >> >> 173 0 obj 3553. /Lang (EN-US) 66 0 obj /S /LBody /Pg 247 0 R /K 31 >> << endobj >> endobj /Rotate 0 Theranos' mission is to make actionable information accessible to everyone at the time it matters most. >> 230 0 obj Theranos founder Elizabeth Holmes arrives at San Jose court, Theranos CEO on companys blood testing system. >> /S /P /K 6 << /Pg 235 0 R /S /LBody >> << /S /LBody /Pg 257 0 R endobj 153 0 obj 11 [null null 169 0 R null null null 170 0 R null null null
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