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Inside Elizabeth Holmes's Chilling Final Months at Theranos (vanityfair.com)
In the final months of Theranos, before the blood testing start-up was debunked and its founders charged with fraud, then-CEO Elizabeth Holmes brought a puppy, who she insisted was a wolf to others, with a penchant for peeing into the mix, according to Vanity Fair, which has detailed the chaos that ensued in the waning days of the startup, once valued at $9 billion. The 35-year-old Stanford University dropout has also met with filmmakers who she hopes would make a documentary about her "real story," the outlet reported. She also "desperately wants to write a book." An excerpt from the story: Holmes brushed it off when the scientists protested that the dog hair could contaminate samples. But there was another problem with Balto (name of the dog), too. He wasn't potty-trained. Accustomed to the undomesticated life, Balto frequently urinated and defecated at will throughout Theranos headquarters. While Holmes held board meetings, Balto could be found in the corner of the room relieving himself while a frenzied assistant was left to clean up the mess. [...]
By late 2017, however, Holmes had begun to slightly rein in the spending. She agreed to give up her private-jet travel (not a good look) and instead downgraded to first class on commercial airlines. But given that she was flying all over the world trying to obtain more funding for Theranos, she was spending tens of thousands of dollars a month on travel. Theranos was also still paying for her mansion in Los Altos, and her team of personal assistants and drivers, who would become regular dog walkers for Balto. But there were few places she had wasted so much money as the design and monthly cost of the company's main headquarters, which employees simply referred to as "1701," for its street address along Page Mill Road in Palo Alto. 1701, according to two former executives, cost $1 million a month to rent. Holmes had also spent $100,000 on a single conference table. Elsewhere in the building, Holmes had asked for another circular conference room that the former employees said "looked like the war room from Dr. Strangelove," replete with curved glass windows, and screens that would come out of the ceiling so everyone in the room could see a presentation without having to turn their heads.
By late 2017, however, Holmes had begun to slightly rein in the spending. She agreed to give up her private-jet travel (not a good look) and instead downgraded to first class on commercial airlines. But given that she was flying all over the world trying to obtain more funding for Theranos, she was spending tens of thousands of dollars a month on travel. Theranos was also still paying for her mansion in Los Altos, and her team of personal assistants and drivers, who would become regular dog walkers for Balto. But there were few places she had wasted so much money as the design and monthly cost of the company's main headquarters, which employees simply referred to as "1701," for its street address along Page Mill Road in Palo Alto. 1701, according to two former executives, cost $1 million a month to rent. Holmes had also spent $100,000 on a single conference table. Elsewhere in the building, Holmes had asked for another circular conference room that the former employees said "looked like the war room from Dr. Strangelove," replete with curved glass windows, and screens that would come out of the ceiling so everyone in the room could see a presentation without having to turn their heads.
She is an instrument of fraud. And she risked people's lives with piss poor testing.
Corporatism != Free Market
This cunt is a psycopath
No no, "there was evidence", the problem was it was invented for that purpose, to fool investors and try to skate until the product could live up to the claims. It never made it. If it had worked the fraud might have been sweep-able.
I forgot who but she's somebody's God daughter or something. As long as we continue to pretend our ruling class doesn't exist they're untouchable. Warren Buffet nailed it. (apologies for the WaPo link, open it in incognito/private mode).
Her father was a VP at Enron(!) then worked at government agencies and her mother was a Congressional staffer. Explains why almost all of her board members were former government officials (none of the board members had experience with biomedical technology-how that didn't raise red flags with investors I don't know; they were probably too busy seeing green)
The only thing necessary for evil to triumph is for it to be pitted against a slightly greater evil
Bullshit. Personal connections with people that should have known better and not believing a CEO for a so highly valued company could be lying were the main problems. If someone lost their money for backing a company with a female CEO I'd simply laugh at them - but that wasn't the case for the majority of backers. They backed an incredible technological advancement that could change medical diagnosis all over the world being faster, cheaper, safer. But it was all a gigantic lie.
Oh come now.
It was a huge factor - "she's young! She's a woman CEO in tech!" It was all over the place.
Can you imagine a fund in your 401K funding this frivolity, this literal SHIT SHOW - and yes I wrote shit because she would bring in her non-toilet trained dog and allow it to shit in the board room.Private jets. Insane spending on rent, office....I don't care who you are and how rich you could make my investors be, there have to be limits. This is beyond what is acceptable.Insanity.
If you're quite finished with your rant, Theranos was never publicly traded so no 401K fund would have bought it.