307 0 obj >> endobj >> /P 366 0 R /P 55 0 R 59 0 obj /K 170 0 R << endobj /S /LBody /K 147 0 R /Pg 235 0 R >> 273 0 obj << /S /LI endobj /Filter /FlateDecode endobj 304 0 obj /Lang (EN-US) endobj >> /Lang (EN-US) /P 48 0 R 207 0 obj 136 0 obj /K 180 0 R endobj /S /P /K 35 15 0 obj /K 22 endobj >> /S /LI >> /CropBox [0 0 612 792] /K [26 388 0 R] /K 201 0 R /S /LI >> In addition, the defendants delivered to doctors and patients blood results that were inaccurate, unreliable, and improperly validated. /P 332 0 R << endobj 382 0 obj /K 14 << >> /Pg 257 0 R /K 5 : Sign up for our trending newsletter to get the latest news, This article originally appeared on USA TODAY: Ex-Theranos CEO Elizabeth Holmes has second child, seeks prison delay, American businessperson; a subject of an SEC investigation, the failed Silicon Valley startup that sought to revolutionize blood testing, Student accused of attacking teacher's aide over Nintendo Switch, Optimism of US consumers declined in February, reflecting fears of a recession, her conviction onfour counts of fraud and conspiracy, Sign up for our trending newsletter to get the latest news, Ex-Theranos CEO Elizabeth Holmes has second child, seeks prison delay, Kellyanne Conway, George Conway To Divorce After Decadeslong Marriage: Report, Reports: 3 children dead, 2 wounded in attack at Texas home, 'Extremely dangerous': Spike in illegal crossings at Canada-Vermont border has feds sounding alarm, School punished teen girl for working out in sports bra in 100-degree Texas heat, ACLU says, Republicans Use Arcane Political Tactic to Thwart Democrats, I Wore Katie Holmes Go-To Bag Trend for a Week, and I Finally Get the Appeal, Alex Murdaugh sentenced to life in prison for murders of wife and son, NBA Player Richaun Holmes Sues Sacramento Bee Parent for Defamation, Murdaugh defense vows appeal, even to Supreme Court, Alex Murdaugh sentenced to life in prison. /P 319 0 R >> << << /S /P /Contents [485 0 R 486 0 R 487 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. << /S /TD According to Temporal Construal Theory, a compelling, unfulfilled mission can trigger this type of operational myopia. /MCID 2 >> 191 0 obj endobj 70 0 obj 345 0 obj /K 145 0 R /K 154 0 R /S /LBody 48 0 obj 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. 343 0 obj /Pg 257 0 R >> << 104 0 obj The .gov means its official.Federal government websites often end in .gov or .mil. >> 73 0 obj >> << endobj /P 48 0 R The request for Holmes toremain free pending an appeal, filed Feb. 23 with the U.S. District Court for the Northern District of California, did not say when Holmes had her second baby. /K 9 /S /LBody /Parent 14 0 R /Pg 235 0 R /Lang (EN-US) << The extraordinary entrepreneur on Fortune's June cover explains her mission and opportunity aheadWant to see more Fortune Video? 117 0 R null null null 118 0 R null null] /K 173 0 R /Pg 258 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. >> >> 378 0 obj /P 48 0 R >> /K 6 /P 8 0 R endobj 266 0 obj >> >> /P 8 0 R endobj /Type /Page /Pg 245 0 R /K [368 0 R 369 0 R 370 0 R 371 0 R 372 0 R 373 0 R] /K 167 0 R 77 0 obj endobj >> >> << Theranos is ranked #71 on the Best Start-up Companies to Work For in America list. endobj 60 0 obj /S /LBody << /Pg 250 0 R endobj /K 10 /Resources 412 0 R Quotes displayed in real-time or delayed by at least 15 minutes. 306 0 obj /Lang (EN-US) /Parent 13 0 R 5 [null null 137 0 R null null null 138 0 R null null null >> << /P 55 0 R /Parent 5 0 R 392 0 obj /StructParents 12 << /Pg 245 0 R These detailed accounts show a pattern of behaviors consistent with a distorted motivational and cognitive state. >> << /S /LBody /S /LBody /Parent 12 0 R /K 169 0 R /K 1 /K 10 Rankings are based on government and proprietary data on salaries, company financial health, and employee diversity. endobj 268 0 obj 174 0 obj /K 172 0 R The average salaries at Bloomberg rank the highest, with their employees earning an. 148 0 obj The effects of cheating in the service of good are not only treacherous for those who cheat, but also for those who interact and deal with the cheaters. null] We calculated the performance score of companies by measuring multiple factors, including revenue, longevity, and stock market performance. >> /K 29 /P 390 0 R /Lang (EN-US) /Annots [] endobj /P 8 0 R /S /LBody /Lang (EN-US) However, any sentence following conviction would be imposed by the court after consideration of the U.S. /P 334 0 R >> /Pg 252 0 R null null 220 0 R null null null 221 0 R null null] /Lang (EN-US) /K 25 /Pg 256 0 R << endobj /P 8 0 R /K [262 0 R 263 0 R 264 0 R 265 0 R 266 0 R 267 0 R] /S /P endobj 319 0 obj /K 26 << /Tabs /S /Parent 14 0 R And the company's downfall later became the focus of an HBO documentary, "The Inventor: Out for Blood in Silicon Valley. /K 6 She already settled with the Securities and Exchange Commission (SEC) for a $500,000 penalty and 10-year ban on serving as an officer or director of a public company. >> /P 48 0 R /S /LBody /S /LBody >> << Terry Masson (Founder and Chief Executive Officer). Nov 16, 2021, 6:17 PM PST. << /Pg 258 0 R /P 8 0 R /P 312 0 R 360 0 obj /K 123 0 R endobj Anyone who engages in deceptive practices should know they will not go undetected and will be held accountable. /PageLayout /OneColumn Holmes dropped out of Stanford University at 19 to start the medical diagnostics company in 2003. 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. /S /P endobj << She is photographed in 2014 while speaking about the company's vision at their headquarters in Palo Alto . /Pg 256 0 R /K [18 385 0 R] << << Whistleblower and former Theranos lab tech Erika Cheung. << 194 0 R null null null 195 0 R null null null 196 0 R null endobj /Lang (EN-US) /Pg 235 0 R /K 199 0 R /P 278 0 R 199 0 obj /S /LI >> << "Sunny Balwani did not start Theranos," said the lawyer . Theranos employees are most likely to be members of the Democratic Party. /Pg 251 0 R >> << 280 0 obj >> >> << /P 8 0 R >> /K 9 /Lang (EN-US) /Lang (EN-US) /Lang (EN-US) Department of Justice /Type /Pages 353 0 obj /P 286 0 R << /Lang (EN-US) /P 340 0 R << endobj /Lang (EN-US) 36 0 obj /Pg 238 0 R endobj 208 0 obj /Lang (EN-US) /K [26 383 0 R] endobj endobj 94 0 obj endobj 151 0 obj null 24 0 R 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R /K [30 396 0 R] /Pg 258 0 R /MediaBox [0 0 612 792] null null 127 0 R null null 45 0 R null null 128 0 R null endobj /P 291 0 R 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. /Pg 237 0 R << /CropBox [0 0 612 792] /Pg 241 0 R /Pg 235 0 R /K 121 0 R /P 320 0 R /S /LI /S /P endobj /Pg 249 0 R %PDF-1.5 Holmes rocketed to Silicon Valley stardom nearly a decade ago when she started speaking publicly about Theranos's vision a small . >> << << /P 8 0 R /K 179 0 R . /S /LI endobj endobj /Pg 257 0 R >> << Theranos is a now-defunct healthcare technologystartup founded by disgraced Stanford drop-out Elizabeth Holmes. endobj /S /LBody /K 10 /S /LBody endobj endobj endobj 344 0 obj 119 0 obj 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. << 237 0 obj 331 0 obj /Lang (EN-US) 7 [null null 147 0 R null null null 148 0 R null null null << endobj >> 368 0 obj endobj << /S /P 192 0 obj /K 140 0 R /K 128 0 R /StructParents 0 /Lang (EN-US) >> overstating the extent of Theranos' relationships with commercial partners and government entities, to whom they had also made misrepresentations . /P 261 0 R /Pg 256 0 R 33 0 obj << /Pg 248 0 R << >> 210 0 obj /P 299 0 R Mutual Fund and . /Length 501 0 R /K [105 0 R 106 0 R 107 0 R 108 0 R 109 0 R] endobj endobj /Pg 255 0 R << >> /S /P /Resources 496 0 R 72 0 obj >> /Pg 258 0 R >> /Type /MCR Legal Statement. 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] endobj /P 51 0 R 216 0 obj /P 375 0 R << 373 0 obj /S /LI /MediaBox [0 0 612 792] /Pg 254 0 R 43 0 obj << /K 20 endobj /K 163 0 R /K 219 0 R /S /P /K 6 /S /LBody >> /K 5 >> /Lang (EN-US) /Annots [] /Pg 235 0 R /Pg 235 0 R /K 5 << 126 0 obj /S /LI << /K 204 0 R /S /LBody endobj endobj /Filter /FlateDecode >> /Resources 456 0 R << /K 14 >> endobj endobj null] >> /S /LBody << >> endobj /Pg 243 0 R /Type /Page >> endobj The University recognizes the importance of its location in New York City and . 318 0 obj endobj . endobj 140 0 obj 298 0 obj Easy acce View the full answer /Length 10 0 R >> /Lang (EN-US) /P 298 0 R /S /P Theranos Inc. founder Elizabeth Holmes was criminally charged in June 2018 with defrauding investors following the collapse of her blood-testing startup. /P 8 0 R /P 51 0 R /S /LBody /K 6 We just didn't know what new form it would take. /Lang (EN-US) /Annots [] endobj Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". /S /P << endobj 274 0 obj >> endobj >> /Pg 235 0 R endobj /S /P FAQ - New Privacy Policy. /Lang (EN-US) /Pg 235 0 R endobj /S /LI Theranos founder Elizabeth Holmes arrives at San Jose court, Theranos CEO on companys blood testing system. >> /Pg 235 0 R /Lang (DE-DE) /S /P /P 48 0 R endobj /Lang (EN-US) endobj /Outline /Span endobj << 371 0 obj >> /P 338 0 R Claiming and updating your company profile on Zippia is free and easy. endobj 267 0 obj /S /LI 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. /K 188 0 R 234 0 obj endobj endobj << /Lang (EN-US) endobj /P 8 0 R << 233 0 obj >> /CropBox [0 0 612 792] 84 0 obj /K 47 Initially she funded Real-Time Cures with her co. /CropBox [0 0 612 792] /P 48 0 R /Lang (EN-US) endobj /S /LBody /Pg 239 0 R endobj 379 0 obj >> endobj Elizabeth Holmes, the former CEO of Theranos convicted of defrauding investors, is seeking to delay the start of her 11-year prison sentence because she has "two very young children" to be with. /P 268 0 R She had a charisma to her; she was very articulate,Cheung saidof Holmes. U.S. Attorneys Office 63 0 obj /S /LI The United States Postal Inspection Service has a long history of successfully investigating complex fraud cases, said Inspector in Charge Rafael E. Nuez. /Pg 240 0 R The company spent over $150,000 surveilling her and another whistleblower. >> null] /Pg 255 0 R 245 0 obj Bundled together, these biases not only warped Holmes sense of truth, but they likely slanted the perspective of key stakeholders who were attracted to the many promises made by Theranos. /K 2 endobj /K 3 >> endobj /K 162 0 R >> >> 1. /Footnote /Note /Lang (EN-US) The indictment alleges Holmes and Balwani defrauded doctors and patients by making false claims concerning Theranoss ability to provide accurate, fast, reliable, and cheap blood tests and test results, and through omissions concerning the limits of and problems with Theranoss technologies. << >> /S /P 180 0 obj >> >> /Pg 244 0 R /P 44 0 R 399 0 obj << /Rotate 0 /S /LI >> /P 8 0 R /K 22 endobj 3553. << /P 8 0 R /Pg 253 0 R /Lang (EN-US) Tim De Chant 390 0 obj 65 0 obj /K 19 endobj 1. /S /LI /K 2 162 0 obj >> null 49 0 R null null 157 0 R null null] /K 34 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. /K 22 /CropBox [0 0 612 792] 89 0 obj endobj >> endobj << /Lang (EN-US) /K 221 0 R According to The Associated Press, the Journals investigation marked the beginning of the end of Theranos. /Pg 253 0 R /P 393 0 R << What's everyone talking about? /K [273 0 R 274 0 R] null null null null 168 0 R null null null 169 0 R null /Subscript /Span >> 19 0 obj >> /K 164 0 R << 217 0 R null null null 218 0 R null null null 219 0 R null null null 197 0 R null null null 198 0 R null null null /Pg 235 0 R << /P 372 0 R /Lang (EN-US) /S /LBody >> /K 36 endobj /P 40 0 R /K 6 42 0 obj >> endobj << /MediaBox [0 0 612 792] /P 51 0 R 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. 197 0 obj 20 0 obj A vision and its attached goals may inspire and motivate, but they can also severely contrive our ability to consider a broader set of possibilities or address contradictory information. endobj << >> /Pg 256 0 R /S /LI /Pg 256 0 R /Resources 468 0 R /Lang (EN-US) >> 322 0 obj << /Type /Pages endobj << 20 [null null 221 0 R null null null 222 0 R null null 56 0 R /S /L >> /K 150 0 R /Pg 235 0 R 293 0 obj /K 20 << endobj /P 48 0 R >> /K 200 0 R /S /LBody /P 376 0 R In court documents, federal prosecutors have said Holmes is a flight risk. Help us make this company more transparent. >> /Pg 237 0 R /K 29 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. /Tabs /S >> /CropBox [0 0 612 792] /S /LBody /Lang (EN-US) /K 38 /Rotate 0 /S /P /Lang (EN-US) endobj /P 328 0 R /S /LI << << 166 0 obj >> << For example, the defendants represented to investors that Theranos conducted its patients tests using Theranos-manufactured analyzers; when, in truth, Holmes and Balwani knew that Theranos purchased and used for patient testing third party, commercially-available analyzers. << /P 3 0 R The indictment describes a number of schemes that defendants allegedly employed to mislead investors, doctors, and patients. /S /LBody /MediaBox [0 0 612 792] /K [26 384 0 R] 348 0 obj endobj << /P 55 0 R /S /L << /P 8 0 R /K 6 201 0 obj << >> /S /LBody << /P 365 0 R /Pg 235 0 R Mission Statement. /S /LI 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. >> >> /P 294 0 R /Lang (EN-US) >> 214 0 obj /Lang (EN-US) >> >> /Resources 492 0 R /S /LBody The Theranos HSV-1 IgG Assay is for use with the Theranos System which performs automated sample processing steps and result analysis. << /K 260 0 R The boundless part of her visioning deserves extra attention. >> /S /P 272 0 obj >> << 398 0 obj >> /Type /Page /Contents [425 0 R 426 0 R 427 0 R] >> endstream x+ | endobj /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. 265 0 obj 291 0 obj /Lang (EN-US) /Contents [493 0 R 494 0 R 495 0 R] We searched far and wide for the best company mission statement examples. endobj endobj << 163 0 obj 25 0 R 26 0 R 27 0 R 28 0 R 29 0 R 30 0 R 31 0 R 32 0 R 33 0 R 34 0 R >> /Rotate 0 /P 8 0 R << /S /P /Pg 235 0 R - Sep 15, 2021 3:40 pm UTC. /Lang (EN-US) /S /LBody /S /LI /Rotate 0 /Type /Page /K 158 0 R 292 0 obj /S /LBody /Resources 452 0 R /Lang (EN-US) 87 0 obj 315 0 obj << endobj >> 395 0 obj << endobj /S /LI 82 0 obj 97 0 obj >> At the time, Holmes, 39,was a mother of a 1-year-old son and pregnant with another child. << /S /P >> << /StructParents 17 << << 79 0 obj /S /LI THERANOS FOUNDER ELIZABETH HOLMES TO FACE TRIAL SEPARATE FROM EX-LOVER. 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. /P 315 0 R But indictments said Holmes andher colleague and former romantic partner Ramesh Sunny Balwani, lied about the technology, the company's finances, and its partnerships with the Department of Defense and Walgreens. 376 0 obj endobj /Pg 257 0 R Holmes said she was inspired to start the company in response to her fear of needles. 21 0 obj >> /Tabs /S /S /LI Theranos presenting poster on an investigational ELISA for the serodiagnosis of #Zika virus infection - today at the American Society of Tropical Medicine & Hygiene . << << << >> << endobj << << << >> /K 1 /S /LBody /S /LI /K [374 0 R 375 0 R 376 0 R 377 0 R 378 0 R 379 0 R] << /K 24 18 [null null 209 0 R null null null 210 0 R null null null /K 2 /P 8 0 R /S /L /P 50 0 R Holmes said in the recent court filing, she had planned to attend a wedding of close friends in Mexico and theticket was canceled immediately when the governmentraised the issue. /P 8 0 R << << << /SourceModified (D:20180314151216) >> The story raised concerns about the accuracy of Theranos blood-testing technology, which put patients at risk of having conditions either misdiagnosed or ignored. endobj /K 16 Elizabeth Holmes donated 98 0 obj /S /LI endobj /Pg 235 0 R 147 0 obj << /Lang (EN-US) /K 175 0 R /P 8 0 R Holmes was found guilty on four felony fraud counts associated with a loss to victims of at least $120 million.
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