theranos mission statement

>> /K 29 /S /LI "Sunny Balwani did not start Theranos," said the lawyer . /P 55 0 R /Contents [497 0 R 498 0 R 499 0 R] endobj 284 0 obj endobj Zippia gives an in-depth look into the details of Theranos, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Theranos. << <> >> Elizabeth Holmes and her ill-fated blood-testing start up, Theranos, are the subjects of the latest exceptional read. >> /S /LI 390 0 obj endobj endobj The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. /P 271 0 R /S /LBody Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. The once-lauded businesswoman ultimately stepped down from the company, which announced in Sept. 2018 it would be closing. >> endobj >> Toxic culture: Lessons from Theranos | Eagle Hill Consulting /K 6 >> /P 8 0 R endobj /Tabs /S The United States Postal Inspection Service has a long history of successfully investigating complex fraud cases, said Inspector in Charge Rafael E. Nuez. endobj The next witness was Erika Cheung, who was hired by Theranos out of undergrad as a lab associate. 319 0 obj << /StructParents 4 248 0 obj >> << /Type /Page >> endobj 177 0 obj /S /LBody /K 28 /Resources 412 0 R << Another Theranos Trial Begins, This Time Without the Fanfare /Pg 256 0 R /Pg 235 0 R /Pg 247 0 R 154 0 R null null null 155 0 R null null null 156 0 R null /Lang (EN-US) /P 290 0 R endobj /Lang (EN-US) << endobj /S /LBody 264 0 obj /P 8 0 R /Pg 256 0 R /Annots [] 353 0 obj /Lang (EN-US) /Pg 255 0 R null null 152 0 R null null] /Pg 249 0 R And the company's downfall later became the focus of an HBO documentary, "The Inventor: Out for Blood in Silicon Valley. /Resources 408 0 R During the trial Holmes accused her ex-boyfriend and business partner, Ramesh "Sunny" Balwani, of emotional and sexual abuse at the time of the alleged crimes, impairing her mental state. /Parent 12 0 R >> Holmes fostered a culture of fear because it served her needs. >> /S /P >> 156 0 obj 105 0 obj /K 2 /K 30 /Pg 235 0 R >> /MediaBox [0 0 612 792] /S /LBody /CropBox [0 0 612 792] endobj Ms Holmes faces 12 fraud charges over her . 11 [null null 169 0 R null null null 170 0 R null null null <> Opinions expressed by Forbes Contributors are their own. endobj endobj 33 0 obj Theranos and Elizabeth Holmes: the Marketing of Silicon Valley's /S /LBody 382 0 obj /Pg 248 0 R /P 392 0 R 212 0 obj /Pg 238 0 R /K 122 0 R /P 40 0 R << >> /K 14 Fraud, or just a failure? Theranos founder Elizabeth Holmes's trial 385 0 obj The Trial of Theranos's Elizabeth Holmes Opens << >> /K 162 0 R endobj 252 0 obj 362 0 obj << The company claimed that it had devised . endobj /Parent 12 0 R /Type /MCR 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. /Resources 416 0 R /Type /Page /MediaBox [0 0 612 792] The False Promise of Silicon Valley's Quest to Save the World endobj <> endobj /P 63 0 R /Pg 235 0 R /S /P /Lang (EN-US) /P 381 0 R /Lang (EN-US) /S /LBody /DropCap /Figure 381 0 obj /K 131 0 R /Lang (EN-US) endobj /P 8 0 R endobj /S /P endobj Your California Privacy Rights | Do Not Sell My Personal Information /Pg 235 0 R >> Theranos scandal: Who is Elizabeth Holmes and why was she on trial? 3. /P 380 0 R /P 40 0 R 306 0 obj /P 42 0 R 396 0 obj Ars may earn compensation on sales from links on this site. endobj /K 174 0 R endobj /S /LI Here are three culture takeaways from the Theranos scandal that are relevant to all leaders and employees. >> << >> 41 0 obj /P 55 0 R 360 0 obj << /K 10 /Resources 472 0 R << /StructParents 7 /Lang (EN-US) /Lang (DE-DE) >> /Pg 254 0 R endobj >> /Rotate 0 endobj /P 42 0 R null] << endobj Legal Statement. >> 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. /K 138 0 R /P 171 0 R /S /L 255 0 obj /Resources 456 0 R /Pg 236 0 R Theranos Announces Expansion of Board of Directors and New /Pg 258 0 R endobj Those emails eventually made their way to Holmes, who asked, How fast can we resolve this issue? Another employee replied that, after omitting some data, the problem appeared solved. /Annots [] >> endobj 107 0 obj /K 167 0 R /Pg 239 0 R >> He . 323 0 obj null null 127 0 R null null 45 0 R null null 128 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. /K 22 /Lang (EN-US) endobj >> /Lang (EN-US) /K 183 0 R >> /Pg 243 0 R /P 55 0 R /Type /Page << << Theranos may also be known as or be related to Theranos, Theranos Inc, Theranos Inc. and Theranos, Inc. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. /Lang (EN-US) 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. And although entrepreneurship is very much about turning an imagined future state into reality, the vast and unchecked gap between Theranos vision and the technological incompetence of its operations was breathtaking. /P 343 0 R /Lang (EN-US) >> endobj /Lang (EN-US) endobj /Lang (EN-US) <> The national average salary for a Theranos employee in the United States is $44,094 per year. /K 7 << << endobj /S /LI <> /P 289 0 R /S /P 310 0 obj %PDF-1.5 275 0 obj << >> >> >> << 251 0 obj Help other job seekers by rating Theranos. The Theranos founder intentionally deceived investors, a US . /S /LBody /Contents [473 0 R 474 0 R 475 0 R] >> /Pg 244 0 R /Lang (EN-US) 242 0 obj /Rotate 0 /Lang (EN-US) /Underline /Span /S /LI /P 389 0 R /K 6 /MCID 2 /Endnote /Note /S /LBody /S /LBody endobj endobj /K 221 0 R /P 325 0 R >> /K 34 /Pg 247 0 R /K 9 endobj Working At Theranos: Employee Reviews And Culture - Zippia /Lang (EN-US) >> /Pg 235 0 R /Pg 241 0 R /S /P endobj /K 213 0 R 139 0 R null null null 140 0 R null null null 141 0 R null /Lang (EN-US) /P 51 0 R /P 8 0 R 341 0 obj /SourceModified (D:20180314151216) /Resources 468 0 R endobj Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. 2018-03-14T09:02:10-07:00 /Lang (EN-US) << 176 0 obj /P 339 0 R /P 33 0 R /Tabs /S << /Pg 235 0 R /S /P 387 0 obj /MCID 2 endobj /K 2 /Pg 245 0 R 179 0 obj /P 8 0 R 121 0 obj /S /LI U.S. Attorneys Office 132 0 obj >> 371 0 obj << /K 208 0 R >> Acrobat PDFMaker 18 for Word endobj /P 50 0 R >> 17 0 obj 70 0 obj >> << 78 0 obj Last week, Zuckerberg was back with 3,000 words . /P 306 0 R >> /Pg 255 0 R /Lang (EN-US) /Author () /S /LBody /S /LI >> /P 334 0 R 383 0 obj /K 132 0 R 182 0 obj The company's stated mission was to "revolutionize medical laboratory testing," according to the Department of Justice. HUMo@W~{-E$U i~ q&1KNwf{f(=7E GGY,kf~ _i^04V0[398o%dg2vWvuD`aiqeso"! /P 51 0 R /Pg 242 0 R /Producer (Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT) /P 8 0 R endobj /Type /Page /P 8 0 R /Lang (EN-US) >> /Lang (EN-US) 147 0 obj /K 204 0 R << /Lang (EN-US) /K 144 0 R << endobj 269 0 obj endobj /P 349 0 R endobj /S /LI << >> endobj /S /LBody endobj << 232 0 obj /Resources 476 0 R /P 48 0 R << The data presented on this page does not represent the view of Theranos and its employees or that of Zippia. << 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. endobj /K 21 297 0 obj null] /P 301 0 R The defendants also delivered to doctors and patients blood test results from which critical results were improperly removed. endobj 261 0 obj /Pg 252 0 R 148 0 obj /Contents [477 0 R 478 0 R 479 0 R] /S /LBody /S /LBody << <> >> << >> >> /S /P /S /LBody >> endobj Theranos Company Profile - Office Locations, Competitors, Revenue /CreationDate (D:20180314084127-07'00') 4 0 obj /K 9 /Parent 14 0 R /K 2 << /K 180 0 R /Lang (EN-US) >> The indictment describes a number of schemes that defendants allegedly employed to mislead investors, doctors, and patients. /S /LI Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. << /K 31 /K 49 /K 182 0 R /P 281 0 R endobj /S /LI /S /LBody /Lang (EN-US) /K 5 Onetime wunderkind Holmes and Balwani, her former partner in business and domestic affairs, stand charged with nine federal counts . /P 8 0 R << << /K 24 /S /LI /Lang (EN-US) 35 0 obj 241 0 obj /P 260 0 R /S /LBody >> Fear a Culture of Fear. /S /LI /S /LBody /K 24 365 0 obj /MediaBox [0 0 612 792] endobj /StructParents 15 /StructParents 13 << endobj << When he sentenced Holmes, U.S. District Judge Edward Davila pushed to April 27 her report date to a prison in Byron, Texas, so she could give birth to her second child before being incarcerated. << /K 10 /Contents [441 0 R 442 0 R 443 0 R] /S /P Theranos burned through $2M a week as investors were given rosy /K 219 0 R In November 2022, Holmes was sentenced to 135 months in prison for defrauding investors in the failed Silicon . << endobj << 90 0 obj /S /LI /K 10 endobj /K 137 0 R /S /P /P 8 0 R /Filter /FlateDecode /K 133 0 R endobj 355 0 obj << /Pg 249 0 R /P 8 0 R Brian Grossman had 20 years of experience in the healthcare space but his firm, PFM Health Sciences, invested $96 . >> 210 0 obj /Lang (EN-US) >> /Lang (EN-US) Learn about working at Theranos from employee reviews and detailed data on culture, salaries, demographics, management, financial, and more. /S /LI 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 51 0 R Holmes grew up in Houston, Texas and studied chemical engineering at . /Lang (EN-US) /Chart /Figure The two pleaded not guilty to wire fraud and conspiracy to commit wire fraud. /K 18 307 0 obj /S /LI endobj Did you ever provide financial projections to investors? Robert Leach, an assistant US attorney,asked Yam. >> 94 0 obj /S /LI Theranos representeda potential disruptor to costly and quasi-monopolistic healthcare players that would help people get the right cure at the right time. Using a "nanotainer" (a small device designed to draw, retain, and analyze a . /Pg 235 0 R << Best Mission Statements: 12 Examples You Need to See - Fond Theranos CEO Elizabeth Holmes needs to grow up, and fast /K 9 /S /LI /Lang (EN-US) /P 8 0 R 259 0 obj /P 55 0 R endobj What Is Theranos CEO Elizabeth Holmes' Net Worth As Founder - Newsweek /Pg 240 0 R << endobj /S /P /K [26 388 0 R] /S /LBody 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. 80 0 R 81 0 R 82 0 R] /K 32 331 0 obj /P 366 0 R endobj /Parent 13 0 R /Pages 5 0 R << /Lang (EN-US) endobj Those biases can be understood as the blindness brought about by what seems preeminently important, the righteousness generated by what sounds inherently right, the operational myopia triggered by what is situated far away from us and the sense of potency derived from endeavoring to create something new. 48 0 obj 364 0 obj /S /LBody >> >> 124 0 obj endobj << >> Though highly desirable, these significant features were not as instrumental in the fulfillment of Theranos vision as they were initially pledged. 334 0 obj In the end, the innovations Theranos was after were not only meant for its own success but to secure a better future for millions of people. /K [24 387 0 R] endobj >> endobj endobj /P 336 0 R OUR MISSION listen to our readers and cover the topics that matter to them . << >> /Lang (EN-US) endobj << /S /L /Length 10 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 /K 13 endobj /K 2 << Indication(s) for use: Same as the intended use 3. After Cheung went to the federal government, Theranos hired a private detective to spy on her, according to court documents released last week. endobj Terry Masson (Founder and Chief Executive Officer). /S /LBody /Lang (EN-US) Washington, DC. 287 0 obj endobj /K 6 endobj For example, with respect to investors, defendants performed technology demonstrations during which defendants intended to cause potential investors to believe blood tests were being conducted on Theranoss proprietary analyzer when, in fact, the analyzer really was running a null protocol and was not testing the potential investors blood. In reality, Theranos couldn't perform more than 12 tests on its Edison devices, former lab . <> /Parent 12 0 R /Lang (EN-US) endobj /K 10 << 93 0 R] Similarly, defendants purchased and used commercially-available analyzers to test patient blood, while representing to investors that Theranos conducted its patients tests using Theranos-manufactured analyzers. >> >> /Rotate 0 /P 380 0 R /S /P endobj >> /Parent 13 0 R Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT >> << /ModDate (D:20180314090210-07'00') Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives." >> /Creator (Acrobat PDFMaker 18 for Word) /K 0 /K 11 /P 48 0 R >> /K 154 0 R /CropBox [0 0 612 792] <> /Pg 253 0 R /P 374 0 R >> >> 110 0 obj Pay at Theranos is significantly lower than some of its highest paying competitors, like. << /P 55 0 R /P 372 0 R 2023 Cond Nast. /S /P /K 189 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. /O /Layout endobj /S /LBody 217 0 R null null null 218 0 R null null null 219 0 R null /Type /Page Before sharing sensitive information, make sure you're on a federal government site. /S /P /Lang (EN-US) /Resources 448 0 R GET FOX BUSINESS ON THE GO BY CLICKING HERE. 268 0 obj /Pg 235 0 R (REUTERS/Carlo Allegri). /P 351 0 R /S /P <> Theranos gambit may have extended over time precisely because all four biases played a role in the making of a dream that was never fully tested against the constraints of reality. /Lang (EN-US) 175 0 obj /P 380 0 R /MCID 2 /Pg 241 0 R /Lang >> /Pg 237 0 R 321 0 obj /K 171 0 R /P 8 0 R /P 59 0 R The employee data is based on information from people who have self-reported their past or current employments at Theranos. /Contents [453 0 R 454 0 R 455 0 R] 37 0 obj /P 34 0 R /K 194 0 R >> /K 10 /P 8 0 R /K 145 0 R << << 63 0 obj << /Pg 256 0 R 335 0 obj We all knew it was coming. /Pg 239 0 R >> We connect the world's decision makers to accurate information on the financial markets and help them make faster, smarter decisions. /S /LBody 65 0 obj FAQ - New Privacy Policy. >> /Count 9 /K 187 0 R /K 14 12 [null null null 172 0 R null null null null 173 0 R null 3553. /Pg 240 0 R After asking questions about Theranos continued losses and lack of revenue, prosecutors showed Yam a document they said was shared with investors; it projected $140 million in revenue in 2014 and $990 million in 2015. /Lang (EN-US) Theranos Founder Elizabeth Holmes Found Guilty of Investor Fraud /Type /MCR << /P 54 0 R /P 8 0 R (Photo by Kristoffer Tripplaar/AP). An indictment merely alleges that crimes have been committed, and the defendants are presumed innocent until proven guilty beyond a reasonable doubt. endobj /K 215 0 R /P 8 0 R /K 184 0 R << /Lang (EN-US) endobj 397 0 obj /S /LI endobj 95 0 R 96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 102 0 R 103 0 R 104 0 R 180 0 obj /Pg 248 0 R >> /K 146 0 R /K 232 0 R <> /S /LBody << /Subtype /XML According to The Associated Press, the Journals investigation marked the beginning of the end of Theranos. /Pg 258 0 R << endobj 129 0 obj Despite persistent losses, Holmes salary increased from $200,000 to $400,000, Yam said. << endobj /S /LI The indictment further alleges that Holmes and Balwani knew that many of their representations about the analyzer were false. >> << And at least one employee told the financial newspaper Theranos executivesdid not report test results that would have caused concerns about the machines accuracy. /K 261 0 R /Metadata 4 0 R /Lang (EN-US) /S /LI >> /Annots [] /Pg 251 0 R /S /LI >> /P 380 0 R >> >> About us Our mission is to make actionable information accessible to everyone at the time it matters. 197 0 obj A sign outside of the headquarters of Theranos in Palo Alto, California on January 24, 2016. /S /LI /Strikeout /Span /S /LI x+ | /P 33 0 R >> /P 8 0 R /CropBox [0 0 612 792] /Count 5 /S /LI /P 381 0 R >> /Lang (EN-US) /Pg 235 0 R /Contents [409 0 R 410 0 R 411 0 R] >> In addition, the defendants delivered to doctors and patients blood results that were inaccurate, unreliable, and improperly validated. << Elizabeth Holmes donated /P 8 0 R Theranos Mission Statement. /Resources 500 0 R endobj /Lang (EN-US) /P 342 0 R In 2013, things had "started to get a bit tight," Yam said. /P 375 0 R /Lang (EN-US) /P 55 0 R 1. endobj /P 269 0 R 3 min read. 142 0 obj In fact, Yam relied heavily on Holmes for financial projections. /S /P /K 45 /Lang (EN-US) Elizabeth Holmes' trial begins with opening statements - CNN /Lang (EN-US) /Pg 258 0 R /Lang (EN-US) 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] 207 0 obj /K 207 0 R Holmes will head to trial starting Aug. 4, and Balwani will be tried afterthe conclusion of Holmes case, Bloomberg reported. /Pg 258 0 R << 15 0 obj >> /K 200 0 R endobj endobj endobj /K 155 0 R << /S /LI /S /LI /Pg 235 0 R /Lang (EN-US) >> >> /S /L endobj /Lang (EN-US) /S /LI /Lang (EN-US) << /K 173 0 R endobj /K 12 THERANOS FOUNDER ELIZABETH HOLMES IN COURT; ANATOMY OF A FRAUD. << /S /LBody >> endobj >> Theranos Inc. founder Elizabeth Holmes was criminally charged in June 2018 with defrauding investors following the collapse of her blood-testing startup. 295 0 obj /Pg 240 0 R endobj 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 . endobj << 34 0 obj >> << /P 59 0 R Theranos founder Elizabeth Holmes arrives at San Jose court, Theranos CEO on companys blood testing system. /P 393 0 R In many ways, Theranos is the embodiment of Silicon Valley startup culture. << << When Yam was working with an analytics firm to price stock options, she asked Holmes for some key financial forecasts, including projected revenue, because the CEO had the best information. During that process, Yam had emailed Holmes asking her how much revenue she was anticipating. /Lang (EN-US) /Type /Page /S /P << << /Lang (EN-US) /K 17 199 0 obj << >> >> Holmes dropped out of Stanford University at 19 to start the medical diagnostics company in 2003. endobj /S /P /S /LBody /Lang (EN-US) << /S /P 52 0 obj /Resources 488 0 R What is Theranos? | Fox Business /P 48 0 R /Lang (EN-US) /S /LBody /CropBox [0 0 612 792] 223 0 obj /Pg 256 0 R 89 0 obj << >> endobj endobj /K [349 0 R 350 0 R 351 0 R 352 0 R 353 0 R] /P 8 0 R Market data provided byFactset. /Contents [413 0 R 414 0 R 415 0 R] 178 0 obj The University recognizes the importance of its location in New York City and . null null 121 0 R null null null 122 0 R null null null >> << /S /LBody 235 0 obj /Contents [417 0 R 418 0 R 419 0 R] /Parent 14 0 R 312 0 obj >> /K 18 /Pg 250 0 R << << The Securities and Exchange Commission also brought civil fraud charges against Holmes and Balwani. /S /P /K 41 /Pg 235 0 R /P 295 0 R << >> /P 59 0 R 72 0 obj /P 312 0 R >> /Pg 238 0 R /K 225 0 R /Pg 253 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 /S /L /Contents [425 0 R 426 0 R 427 0 R] << Theranos is headquartered in Palo Alto, CA. /S /LI >> << /Annots [] /S /LI /Tabs /S /P 48 0 R /Lang (EN-US) Mutual Fund and . /S /LI /K [26 397 0 R] Now a mom of two, ex-Theranos CEO Elizabeth Holmes wants to delay /K 147 0 R /K 6 Theranos competitors include TED, Bloomberg, HuffPost, National Journal, Washington Plaza Hot, Morgan Stanley, Newsweek. /P 8 0 R << 164 0 obj >> /S /LBody 155 0 obj endobj /Pg 257 0 R 104 0 obj endobj by Elizabeth Holmes. /P 320 0 R /Pg 255 0 R /Lang (EN-US) /K 30 /S /P 257 0 obj /MediaBox [0 0 612 792] /P 357 0 R /Pg 251 0 R /S /P /Pg 251 0 R << 50 0 obj endobj endobj endobj /Lang (EN-US) /K 25 endobj /Pg 242 0 R null null 220 0 R null null null 221 0 R null null] << /Tabs /S /P 40 0 R /K 150 0 R /S /LI /Parent 11 0 R /Pg 256 0 R 190 0 obj /Pg 245 0 R 213 0 obj /S /P 180 0 R null null null 181 0 R null null null 182 0 R null /P 8 0 R /Pg 239 0 R Theranos: Vision, Effort - No Compliance Ends with DOJ, SEC <> /Pg 250 0 R << endobj /S /P /S /P >> How Theranos's Big Investors Were Taken - Forbes These detailed accounts show a pattern of behaviors consistent with a distorted motivational and cognitive state. 327 0 obj /S /LI Answer (1 of 7): In 2003, Elizabeth Holmes, then a sophomore studying chemical engineering at Stanford, founded a company called Real-Time Cures. /P 50 0 R 240 0 obj /K 134 0 R endobj /S /P /Parent 13 0 R << /Pg 256 0 R /StructParents 10 In November 2022, Holmes was sentenced to 135 months in prison for defrauding investors in the failed Silicon Valley startup that sought to revolutionize blood testing. endobj 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. >> /S /LI /S /LBody "I was taken with the idea . /P 8 0 R 24 0 obj << /K 10 375 0 obj << >> /P 51 0 R >> 146 0 obj /Lang (EN-US) 293 0 obj 340 0 obj /Tabs /S 27 0 obj 68 0 obj 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. 169 0 obj /Pg 254 0 R 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. >> << 186 0 obj Nov 16, 2021, 6:17 PM PST. /K 170 0 R 16 0 obj /Tabs /S /P 8 0 R Moreover, Theranos and Holmes made "false and misleading statements" in press accounts to bolster the startup's profile. $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. endobj >> endobj /Lang (EN-US) 51 0 obj /S /LBody endobj << /S /P /K 22 /Lang (EN-US) /P 8 0 R << << endobj 13 0 obj /Lang (EN-US) << /K 185 0 R endobj /P 380 0 R /S /LI /Annots [] /K 176 0 R << /Lang (EN-US) /S /Table 21 0 obj 42 0 obj /Resources 444 0 R /K 16 /Rotate 0 Elizabeth Holmes Mission | Full Interview Fortune MPW - YouTube The tests performed on Theranos technology, in addition, were likely to contain inaccurate and unreliable results. /S /LI /P 365 0 R Easy acce View the full answer