Though highly desirable, these significant features were not as instrumental in the fulfillment of Theranos vision as they were initially pledged. null null null 231 0 R null null null 232 0 R null null /S /LBody /Lang (EN-US) endobj >> /S /LI 359 0 obj /Lang (EN-US) endobj << << Through these advertisements, the defendants explicitly represented to individuals that Theranoss blood tests were cheaper than blood tests from conventional laboratories to induce individuals to purchase Theranoss blood tests. Read company statement regarding investor . /P 8 0 R D:20180314151216 /Parent 14 0 R /Pg 236 0 R << While some are vague affirmations, others can sharpen employees' minds and give them a sense of identity and belonging. 169 0 obj /S /L >> endobj >> /P 8 0 R The Theranos scandal has dominated headlines, and both fascinated and appalled readers worldwide, since John Carreyrou's shattering report first broke in 2015. /S /LI /Rotate 0 /Pg 251 0 R /Lang >> /K 24 154 0 obj /K 5 << 214 0 obj /S /LI /K 124 0 R /P 8 0 R Creating something new is about breaking the status quo. Your California Privacy Rights | Do Not Sell My Personal Information 228 0 obj 52 0 obj /Pg 250 0 R /P 363 0 R Holmes was found guilty on four felony fraud counts associated with a loss to victims of at least $120 million. /Parent 12 0 R << /K 6 /Lang (EN-US) /K 13 >> endobj 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. >> /P 8 0 R 355 0 obj << << /K 172 0 R >> endobj Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT /K 174 0 R Theranos is a now-defunct healthcare technology startup founded by disgraced Stanford drop-out Elizabeth Holmes . /S /LBody /P 312 0 R 370 0 obj endobj endobj << /S /LBody -mission statement: to make actionable information accessible to everyone at the time it matters. 165 0 R null null null 166 0 R null null null null 167 0 R /Parent 11 0 R /Pg 235 0 R /S /LBody /K 37 186 0 obj /CropBox [0 0 612 792] /K 10 endobj 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, . /Pg 258 0 R << /P 48 0 R >> /Annots [] >> All rights reserved. /TextBox /Art << endobj /S /LBody /P 337 0 R /Pg 243 0 R /K 128 0 R /K 10 >> 323 0 obj /Type /Page << They proposed revoking the companys license to test human specimens. << >> /Tabs /S /MediaBox [0 0 612 792] /P 8 0 R >> /K 168 0 R /P 335 0 R /Pg 255 0 R /P 380 0 R << /MediaBox [0 0 612 792] /Lang (EN-US) >> /P 317 0 R 317 0 obj /S /P /K [26 384 0 R] endobj /Pg 256 0 R << /Lang (EN-US) 262 0 obj /S /P /K 6 /Type /Page 381 0 obj /S /LI endobj >> /S /LBody /Pg 258 0 R +1 (202) 442-3507. /S /L 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 . endobj 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. /Lang (EN-US) 233 0 obj /S /LI /Type /Page Join the Ars Orbital Transmission mailing list to get weekly updates delivered to your inbox. /S /P /K 6 << << << /S /LBody /Lang (EN-US) /MCID 2 endobj << Once a strong believer in Theranos' mission, Mattis testified that he eventually realized the Holmes had misled him with empty promises. >> /P 44 0 R 307 0 obj /P 8 0 R /P 39 0 R >> /K 25 . Holmes fostered a culture of fear because it served her needs. /Pg 235 0 R /Lang (EN-US) /Pg 258 0 R /Pg 256 0 R << Theranos founder Elizabeth Holmes, now a mother of two,is asking to delay her11-year sentence for felony fraud so she can be at home with her two young children while she appeals theconviction. endobj << /Lang (EN-US) /P 8 0 R >> >> /Pg 247 0 R /S /LI 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 /K 2 232 0 obj -Theranos is now worth $9 billion dollars; Holmes currently owns about half the company-Forbes named her one of the youngest female self-made billionaire before the age of 30. . According to the indictment, the defendants also allegedly made numerous misrepresentations to potential investors about Theranoss financial condition and its future prospects. There are at least four biases that can let a belief about a desired future state shape reality despite its disconnectedness from reality. An indictment merely alleges that crimes have been committed, and the defendants are presumed innocent until proven guilty beyond a reasonable doubt. >> /S /LBody /Resources 412 0 R /K 120 0 R 217 0 obj 343 0 obj << About us Our mission is to make actionable information accessible to everyone at the time it matters. >> /P 33 0 R << >> 79 0 obj /P 8 0 R >> /P 390 0 R << endobj /P 50 0 R /Pg 256 0 R /MCID 2 >> << 123 0 obj /S /LI << << /S /P >> << Overview Salary Revenue History Demographics Competitors CEO & Executives. << /Pg 254 0 R /Pg 252 0 R /S /P >> /S /LBody endobj /K 203 0 R /K 24 /Lang (EN-US) stream /S /LI 2023 Cond Nast. /P 51 0 R endobj 319 0 obj /Lang (EN-US) /P 302 0 R /P 48 0 R /P 50 0 R 54 0 obj /Type /Page >> >> /MediaBox [0 0 612 792] 149 0 R null null null 150 0 R null null null 151 0 R null /K 22 287 0 obj 49 0 obj The business had garnered hundreds of millions of dollars in investments and was valued at $9 billion in 2015, when a Journal expose showed the company had some not-so-favorable secrets. endobj endobj /K 1 << << /Parent 14 0 R /K 14 /Pg 235 0 R The boundless part of her visioning deserves extra attention. /K [28 394 0 R] /Lang (EN-US) 2018-03-14T09:02:10-07:00 /Pg 235 0 R /MCID 2 endobj . /K 157 0 R << /K 14 /Subtype /XML /P 50 0 R << 16 0 obj >> /Pg 253 0 R 313 0 obj /Lang (EN-US) << We all knew it was coming. The fact that key stakeholders at Safeway remained upbeat despite the arrogant and secretive behaviors of Theranos executives and the lack of any real hard proof associated with many of the claims Theranos was making is extremely revealing. /Pg 250 0 R /StructParents 20 6 [null null 143 0 R null null null 144 0 R null null null 218 0 obj It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. >> /S /LI endobj << But Theranos shared very little about its blood-testing machine with the public or medical community. 1 /Lang (EN-US) endobj 22 0 obj /P 55 0 R /P 315 0 R /S /LBody /S /LI /Resources 484 0 R /Lang (EN-US) >> endobj /Lang (DE-DE) /Lang (EN-US) << << /P 59 0 R endobj endobj << >> << << << /Parent 12 0 R 255 0 obj >> 35 0 obj /Lang (EN-US) /Tabs /S . /Annotation /Span >> /Lang (EN-US) /Pg 237 0 R Based in Palo Alto, CA, Theranos is a small health care company with only 100 employees and an annual revenue of $55.3M. 384 0 obj /K 191 0 R << << 8 0 obj >> 163 0 obj /S /LBody endobj /Pg 257 0 R << /S /LBody << endobj /P 280 0 R /Lang (EN-US) Theranos dissolved in September 2018 and founder Elizabeth Holmes now faces up to 20 years in prison for fraud and conspiracy. /Resources 420 0 R 140 0 obj /K 136 0 R /K 393 0 R endobj 337 0 obj >> << 304 0 obj /Pg 257 0 R /K 22 endobj /K 26 Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. << >> << >> /K 122 0 R /K 206 0 R The startup was founded in Feb. 2014, was headquartered in Palo Alto, Calif., according to Bloomberg. /S /LI /S /LBody >> /Pg 235 0 R endobj /Lang (EN-US) /Type /Page /Tabs /S /S /LI 389 0 obj /P 375 0 R [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 /Type /MCR 347 0 obj endobj /P 346 0 R /P 361 0 R endobj 9 [null null 157 0 R null null null 158 0 R null null null Palantir has . The defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests, including the tests for calcium, chloride, potassium, bicarbonate, HIV, Hba1C, hCG, and sodium. >> /K 228 0 R /Lang (EN-US) /S /LBody /S /LBody 162 0 obj << /S /LI 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. /Pg 249 0 R /K 207 0 R /P 50 0 R endobj 26 0 obj /Pg 235 0 R /Type /Pages 206 0 R null null null 207 0 R null null null 208 0 R null /P 8 0 R /K 18 /Pg 248 0 R She now has "two very young children hertoddler and an infant," according to a recent court filing. /Lang (EN-US) /K 208 0 R Government inspectors who arrived at Theranos in response to Cheungs letter found conditions similar to those in the complaint. 166 0 obj >> /Resources 444 0 R << Theranos wanted to make detailed blood sample analysts accessible to all doctors in a timely manner. /P 55 0 R endstream /S /LBody endobj 113 0 obj /StructParents 23 /S /P 349 0 obj /S /LBody 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 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 237 0 R /Type /MCR /P 268 0 R /P 354 0 R null] /S /LI /S /LBody /Annots [] 99 0 obj 15 [null null 192 0 R null null null 193 0 R null null null /Pg 248 0 R /Pg 235 0 R /S /P << /S /LI 1349, and nine counts of wire fraud, in violation of 18 U.S.C. /S /LBody >> /S /LI /P 380 0 R 19 [null null 215 0 R null null null 216 0 R null null null /Diagram /Figure endobj /Tabs /S /Rotate 0 /CropBox [0 0 612 792] << >> /K 28 << endobj 298 0 obj 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. Several months later, with encouragement from her professor, Channing Robertson, Holmes quit Stanford. /K 9 >> endobj >> /Kids [240 0 R 241 0 R 242 0 R 243 0 R 244 0 R] SAN JOSE - A federal grand jury has indicted Elizabeth A. Holmes and Ramesh Sunny Balwani, announced Acting United States Attorney Alex G. Tse, Federal Bureau of Investigation (FBI) Special Agent in Charge John F. Bennett; Food and Drug Administration (FDA) Commissioner Scott Gottlieb; and U.S. /P 267 0 R /Pg 248 0 R /Pg 235 0 R /S /LI /K [26 383 0 R] /S /LI 272 0 obj 265 0 obj >> /S /TR << /Lang (EN-US) /K 230 0 R /K 9 Holmes, Balwani, and Theranos also made false or misleading statements to investors about many aspects of Theranos' business, including the capabilities of its proprietary /Pg 252 0 R 145 0 R null null null 146 0 R null null null 147 0 R null endobj /K 6 /K 18 /Pg 235 0 R << >> << endobj /S /P The startup entrepreneurial spirit is selling a vision of a fictional product - a product that does not yet exist. /P 50 0 R /S /LBody Theranos CEO Elizabeth Holmes on her company and the landscape of U.S. diagnostic-lab industry. /S /LBody /P 48 0 R 120 0 obj In the age of corporate purpose, the mission statement serves as a reminder of why an organization exists. /Lang (EN-US) /K 14 /S /LBody null null null null 168 0 R null null null 169 0 R null 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 /K 179 0 R /K 9 endobj << /Pg 245 0 R /S /P /P 8 0 R /S /LBody What we know for certain is that behind this particular corporate failure lies a cautionary tale of boundless visioning that all investors, entrepreneurs and organizations seeking breakthrough innovations should be interested in further understanding. << endobj Department of Justice << /K 22 /Pg 243 0 R << /S /LI /StructParents 18 >> /S /LI 57 0 obj << /Contents [421 0 R 422 0 R 423 0 R] /S /LI /Lang (EN-US) 90 0 obj /S /LI /P 333 0 R /Parent 14 0 R /K 21 /Contents [453 0 R 454 0 R 455 0 R] /Lang (EN-US) endobj /P 54 0 R << At times during that period, Balwani worked in several capacities including as a member of the companys board of directors, as its president, and as its chief operating officer. /S /LI endobj /S /P /K 16 /MCID 2 << 235 0 obj endobj << /K 0 endobj /Pg 235 0 R endobj /Pg 244 0 R endobj /S /LBody /Pg 255 0 R /S /LBody 270 0 obj Investors large and small from around the world are attracted to Silicon Valley by its track record, its talent, and its promise. >> /S /LBody /Type /Page /K 3 /K 0 /Length 502 0 R /Annots [] /Lang (EN-US) Yam said she had never seen the document before, nor did she know where those numbers had come from. 3. endobj >> >> << /K 18 /P 8 0 R /S /LBody /K 135 0 R >> /CropBox [0 0 612 792] endobj >> /K 213 0 R 252 0 obj >> 217 0 R null null null 218 0 R null null null 219 0 R null /Pg 251 0 R endobj /P 166 0 R 192 0 obj endobj /Rotate 0 << /S /L /P 366 0 R /Contents [465 0 R 466 0 R 467 0 R] << endobj >> 280 0 obj endobj 183 0 obj endobj << endobj 21 [60 0 R 61 0 R 62 0 R null null 229 0 R null null null 230 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. 141 0 obj endobj /Parent 14 0 R /K 6 /P 355 0 R Holmes said she was inspired to start the company in response to her fear of needles. /S /P /S /P /K 8 0 R /Lang (EN-US) >> 7 0 obj /Lang (EN-US) >> /S /P /K 2 /S /LI 378 0 obj /Pg 237 0 R /Pg 249 0 R 185 0 obj /K 20 /P 8 0 R >> 184 0 obj Having a vested interest in what is at stake as is often the case with founders and investors and envisioning the desired end state via inflexible goals may create a condition known as motivated blindness that can paradoxically prevent us from making realistic progress. 373 0 obj << We connect the world's decision makers to accurate information on the financial markets and help them make faster, smarter decisions. 42 0 obj 212 0 obj 182 0 obj /K 31 /Parent 5 0 R 321 0 obj /K 18 >> endobj /S /LI endobj /S /LI /Pg 256 0 R >> >> /StructParents 21 24 0 obj /Pg 257 0 R /S /P "I was taken with the idea . << /Lang (EN-US) endobj /StructParents 16 /K 173 0 R /K 211 0 R 290 0 obj >> /S /P >> /K 10 7 [null null 147 0 R null null null 148 0 R null null null >> null 52 0 R 53 0 R] /Type /Pages /Pg 235 0 R /K 212 0 R /P 8 0 R /Lang (EN-US) endobj 358 0 obj %PDF-1.5 /Lang (EN-US) >> /K 26 /P 353 0 R /S /P This material may not be published, broadcast, rewritten, or redistributed. >> endobj 340 0 obj endobj /S /P >> /P 42 0 R << Its unclear whether Theranos rise and fall will turn out to be a dazzling mirage of would-be business greatness, one of the most infamous stories of corporate fraud in the 21st century, or, an ironic reminder of the inescapable weakness of biased decision-making. endobj << << /P 51 0 R /P 380 0 R >> /Metadata 4 0 R /Pg 235 0 R /S /LI endobj /Lang (EN-US) 383 0 obj endobj /S /LI 254 0 obj /Filter /FlateDecode /P 55 0 R /P 55 0 R /Pg 252 0 R (Photo by Kristoffer Tripplaar/AP). Further, the indictment alleges that based on the defendants misrepresentations and omissions, many hundreds of patients paid, or caused their medical insurance companies to pay, Theranos, or Walgreens acting on behalf of Theranos, for blood tests and test results, sometimes following referrals from their defrauded doctors. /P 326 0 R >> /P 33 0 R endobj /Contents [445 0 R 446 0 R 447 0 R] /Rotate 0 136 0 obj However, any sentence following conviction would be imposed by the court after consideration of the U.S. >> 227 0 R null null null 228 0 R null null] endobj /Parent 12 0 R 61 0 obj endobj endobj In part, according to the report, Theranos had neglected to use the device it marketed as the "lynchpin of its strategy," called the Edison, for the majority of the tests conducted. Theranos, Inc. is a consumer health technology company founded in 2003 by Elizabeth Holmes. << /S /LI 89 0 obj Morever, Holmes needs to grow a . >> 312 0 obj << Last week, Zuckerberg was back with 3,000 words . 47 0 obj 29 0 obj endobj /K 3 /MediaBox [0 0 612 792] >> 25 0 obj /Pg 254 0 R /K 10 /Lang (EN-US) 229 0 obj /K 10 /P 272 0 R << And while some have observed that her behavior showed various sociopathic tendencies, the relaxed aura that cheating in the service of a larger cause may afford the average person may amp up ethical risk far more than the risk posed by sociopathic individuals. << /Author () >> /P 8 0 R >> /Lang (EN-US) /Lang (EN-US) /P 359 0 R /MediaBox [0 0 612 792] /K 158 0 R While working at Theranos, Cheung sent an email to others in the company, sharing her concerns about the Edison machines. endobj 12 0 obj 335 0 obj endobj /P 50 0 R << 119 0 obj /P 307 0 R The motion for release said that Holmes is not a flight risk and "is highly motivated to continue complying with her conditions of release sothat she can work with her lawyers while she pursues her appeal.". /P 63 0 R /BBox [79.9440002441 274.9559936523 453.9599914551 398.8439941406] >> >> 350 0 obj /Type /Page endobj /Pg 244 0 R /K 154 0 R /Lang (EN-US) /P 8 0 R /S /LI /Annots [] >> It's unclear . << endobj /Rotate 0 /Lang (EN-US) /P 8 0 R Onetime wunderkind Holmes and Balwani, her former partner in business and domestic affairs, stand charged with nine federal counts . /Pg 238 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 93 0 R] 249 0 obj << /Lang (EN-US) /K 8 /Pg 256 0 R 11 0 obj /K 226 0 R The matter was assigned to the Honorable Lucy H. Koh, U.S. District Judge, for further proceedings. It's unclear whether Theranos' rise and fall will turn out to be a dazzling mirage of "would-be" business . << /K 5 268 0 obj /Rotate 0 /S /LBody 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. 145 0 obj /P 59 0 R /Pg 250 0 R /K 38 /Lang (EN-US) endobj /K 51 /P 324 0 R /CreationDate (D:20180314084127-07'00') >> Claiming and updating your company profile on Zippia is free and easy. >> /Type /Page The employee data is based on information from people who have self-reported their past or current employments at Theranos. /S /P endobj 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. /Pg 235 0 R >> /K 123 0 R /Pg 242 0 R /K 142 0 R /Pg 246 0 R endobj /Lang (EN-US) /S /LBody /K 12 85 0 obj 208 0 obj /P 50 0 R endobj Help us make this company more transparent. /Contents [477 0 R 478 0 R 479 0 R] endobj 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 . The company boasted the ability to get results from very small amounts of blood, something that would be revolutionary in medical diagnostics. /Resources 480 0 R << /Pg 247 0 R /Lang (EN-US) /Lang (EN-US) /Pg 235 0 R endobj >> endobj << /Pg 241 0 R /K 18 << /K 2 /P 48 0 R << /K 34 endobj /K 169 0 R 148 0 obj /S /LBody << << /CropBox [0 0 612 792] << /Pg 246 0 R endobj endobj 237 0 obj According to the indictment returned yesterday and unsealed today, the charges stem from allegations Holmes and Balwani engaged in a multi-million dollar scheme to defraud investors, and a separate scheme to defraud doctors and patients. /CropBox [0 0 612 792] << /S /P endobj 399 0 obj /K 45 /S /L /Pg 246 0 R /K 219 0 R /P 50 0 R << << endobj null] /S /P >> >> 391 0 obj endobj << << /Lang (EN-US) /Pg 235 0 R /K 49 282 0 obj emblazoned in block capitals in the Theranos lobby, was 'Do or do not. /K [349 0 R 350 0 R 351 0 R 352 0 R 353 0 R] Balwani, who was convicted on 12 counts of fraud and conspiracy and sentenced to nearly 13 years in prison, is also seeking to remain free amidan appeal. /Chart /Figure >> >> >> 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. /K 29 58 0 obj /Parent 11 0 R << Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. /Pg 242 0 R endobj 92 0 obj /Lang (EN-US) /K 121 0 R /P 8 0 R /P 54 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. 203 0 obj /S /P << /K 156 0 R /Lang (EN-US) /P 275 0 R /Pg 250 0 R Theranos's mission statement is "Our mission is to make actionable information accessible to everyone at the time it matters". 63 0 obj endobj However, any sentence following conviction would be imposed by the court after consideration of the U.S. >> /P 46 0 R /Lang (EN-US) endobj /P 8 0 R /Rotate 0 >> endobj /Lang (EN-US) /Lang (EN-US) Theranos Mission Statement. << /Tabs /S /Lang (EN-US) endobj endobj >> 155 0 obj /Pg 239 0 R null] >> << /Lang (EN-US) /P 8 0 R /Resources 416 0 R /K 197 0 R >> /S /LI /Type /MCR /S /LBody endobj /Pg 235 0 R >> endobj /P 377 0 R endobj /S /LI /Lang (EN-US) /Pg 239 0 R /Resources 408 0 R << The mission statement conveys no values such as honesty, transparency, or integrity. >> And at least one employee told the financial newspaper Theranos executivesdid not report test results that would have caused concerns about the machines accuracy. endobj /P 51 0 R /P 48 0 R << << 299 0 obj /S /LI /Kids [11 0 R 12 0 R 13 0 R 14 0 R] Before sharing sensitive information, make sure you're on a federal government site. << Learn about working at Theranos from employee reviews and detailed data on culture, salaries, demographics, management, financial, and more. endobj /S /LBody /CropBox [0 0 612 792] /K 2 /S /LBody Elizabeth Holmes finished testifying in wire fraud trial. /MediaBox [0 0 612 792] << 1. /Lang (EN-US) Mr. Balwani's lawyer started his opening statement by deflecting blame onto Ms. Holmes, who was the chief executive of Theranos. Both defendants appeared today before U.S. Magistrate Judge Susan van Keulen for their initial appearances. 345 0 obj 295 0 obj /Type /MCR /K 18 /Lang (EN-US) Holmes dropped out of Stanford University at 19 to start the medical diagnostics company in 2003. >> /K 12 /Resources 468 0 R /K 6 /K 178 0 R Terry Masson (Founder and Chief Executive Officer). /P 261 0 R Nov 16, 2021, 6:17 PM PST. /K 22 Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. 286 0 obj /Lang (EN-US) /Type /MCR << >> endobj << /P 48 0 R The defendants nevertheless used interstate electronic wires to purchase advertisements intended to induce individuals to purchase Theranos blood tests at Walgreens stores in California and Arizona. >> /Pg 238 0 R << 66 0 obj "That's a crime . I did not think the technology we were using was adequate enough to be engaging in that behavior.. endobj /K 22 /S /LBody endobj >> Competitors of Theranos include Bloomberg, Morgan Stanley, and National Journal. - Sep 15, 2021 3:40 pm UTC. /Pg 244 0 R << /S /LBody 97 0 obj /K 14 363 0 obj << /S /LBody << /P 8 0 R /Lang (EN-US) << endobj endobj /P 8 0 R /Pg 243 0 R /S /LBody And the company's downfall later became the focus of an HBO documentary, "The Inventor: Out for Blood in Silicon Valley. endobj /Annots [] >> endobj Pay at Theranos is significantly lower than some of its highest paying competitors, like. The site is secure. << 292 0 obj >> 105 0 R 106 0 R 107 0 R 108 0 R 109 0 R 35 0 R 36 0 R 37 0 R 38 0 R null << /Pg 256 0 R << Many of those statements were outright falsehoods or, more charitably, danced around the truth. /Pg 255 0 R /Pg 248 0 R /S /LI endobj /K 225 0 R /K 5 /Type /MCR << /Lang (EN-US) endobj /P 360 0 R << >> /Tabs /S