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>> 51 0 obj 259 0 obj As Holmes’ lawyers noted, the part-time lab directors were allowed under government regulations. /S /P /Pg 256 0 R /P 55 0 R endobj << >> 359 0 obj In The Charisma Machine, Morgan Ames chronicles the life and legacy of the One Laptop per Child project and explains why—despite its failures—the same utopian visions that inspired OLPC still motivate other projects trying to use ... 334 0 obj endobj An ambitious development goal: Ending hunger and ... 335 0 obj /P 48 0 R <<
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Mattis ultimately joined Theranos’ board of directors in 2013, just a few months after retiring from the Marines after serving as a four-star general. /Lang (EN-US) 6 0 obj >> /K 4 /Contents [409 0 R 410 0 R 411 0 R] /K 18 endobj /CropBox [0 0 612 792] /Lang (EN-US) << Preparation for the Next Life << /P 48 0 R /P 40 0 R /S /LBody << /Lang (EN-US) We Learn from the Downfall of Theranos /S /LI << /S /LBody /P 55 0 R

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140 0 obj 287 0 obj /P 51 0 R Much is at stake should the company fail to prove the accuracy of its claims, the efficacy of its technologies and its compliance with lab standards. endobj /P 8 0 R /K 31 283 0 obj /P 8 0 R null] >> It seems the board never pushed for proof of the product’s efficacy, either because they did not know any better—having no industry experience—or because they were not encouraged to be vigilant and involved. /Type /Metadata /P 171 0 R << endobj

/K 145 0 R >> endobj << /K 12 /Pg 235 0 R /P 288 0 R /S /LI /Lang (EN-US) >> >> /Pg 237 0 R null] /S /LBody /S /L << /S /LI /P 54 0 R endobj /Lang (EN-US) /K 10 /Contents [417 0 R 418 0 R 419 0 R] endobj He personally invested $85,000 of his own money into the start-up.

165 0 obj /P 55 0 R /P 8 0 R /K 190 0 R /Lang (EN-US) “What she wore, where she stayed, how she flew /MediaBox [0 0 612 792] /K 8 /K 10 /K 187 0 R /K 2 /Pg 235 0 R /Lang (EN-US) endobj 25 0 obj /StructParents 21 >> >> Tom Wolf's appointees, state Treasurer Stacy Garrity, state Sen. Katie Muth and the head of the Pennsylvania School Boards Association — … 378 0 obj /K 212 0 R >> >> 86 0 obj /P 348 0 R endobj endobj << /P 63 0 R << /Pg 238 0 R endobj endobj endobj << /S /P >> /S /LI /P 279 0 R /S /LI >> © 2021 Forbes Media LLC. /P 33 0 R /P 63 0 R /S /LBody 273 0 obj /S /LI << << /Annots [] >> /Pg 247 0 R >> /S /LI /Contents [489 0 R 490 0 R 491 0 R] << endobj /S /LBody /P 362 0 R /S /LI /Lang (EN-US) /S /P

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/Pg 251 0 R endobj 393 0 obj /Pg 248 0 R /P 303 0 R /MediaBox [0 0 612 792] /K 201 0 R >> << /Length 502 0 R endobj /P 270 0 R /Contents [485 0 R 486 0 R 487 0 R] /K [28 391 0 R] /K 10 >> << /MediaBox [0 0 612 792] 340 0 obj endobj 186 0 obj /K 9 << /P 389 0 R 8 0 obj /S /P /S /LBody /StructParents 5 endobj /Lang (EN-US) 48 0 obj null] << In the case of Theranos, we are seeing what can happen when such a board does not exist. 59 0 obj /K 12 endobj /K 6 << >> 21 0 obj 295 0 obj endobj /MediaBox [0 0 612 792] 21 [60 0 R 61 0 R 62 0 R null null 229 0 R null null null 230 0 R /Pg 235 0 R /S /LBody << /Lang (EN-US) 63 0 obj 154 0 obj /Pg 258 0 R /Pg 246 0 R << 250 0 obj /Lang (EN-US) /Annots [] /S /LI endobj >> endobj /P 50 0 R /K [368 0 R 369 0 R 370 0 R 371 0 R 372 0 R 373 0 R] 159 0 R null null null 160 0 R null null null 161 0 R null As stated by Fortune senior editor Jennifer Reingold, [W]hile it’s probably useful to have a retired government official or two to teach and offer good leadership skills, when there are six with no medical or technology experience—with an average age, get this, of 80—one wonders just how plugged in they are to Theranos’ day-to-day activities. /K 14 endobj NEXT STEPS. /Lang (EN-US) Mattis, a retired four-star general, served on Theranos' board of directors from 2013 until December 2016., and was the first high-profile witness since the trial kicked off last month. /S /LBody /K [32 382 0 R] /Filter /FlateDecode /Metadata 4 0 R But there was apparently no one on the board to point out that this approach doesn't work very well for technology startups. << /S /P /K 2 /K 160 0 R 78 0 obj /Pg 235 0 R <<

/Type /Page /Lang (EN-US) /K 174 0 R /P 8 0 R Sep. 30, 2021. /S /LI << /Lang (EN-US) << /K 18 The jury listened carefully to his testimony, which lasted three hours. >> /K 129 0 R << /K 10

/S /LBody Google CEO Sundar Pichai says the company’s next $1 trillion will come from its oldest product. /Resources 468 0 R >> << /Lang (EN-US) 356 0 obj endobj /K 168 0 R

/Pg 244 0 R /P 342 0 R Four different types of ventures created by entrepreneurs are explored in What Do Entrepreneurs Create?: survival, lifestyle, managed growth and aggressive growth. << endobj endobj

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What the (Bleep) Just Happened?: The Happy Warrior's Guide ... endobj 162 0 obj /S /LBody /Resources 432 0 R /P 63 0 R Each spread in this board book is actually something else entirely -- from a flip phone and a folded t-shirt to an elephant's trunk and much more. /P 48 0 R /Pg 253 0 R The jury listened intently to his testimony, which lasted three hours. /P 291 0 R << >> >> << The jury listened intently to his testimony, which lasted three hours. 75 0 obj /P 380 0 R /Lang (EN-US) endobj /ModDate (D:20180314090210-07'00') endobj /K 2 117 0 obj endobj << /P 40 0 R endobj >> << Her brother Christian Holmes V works with her as the direct of product management at endobj /Rotate 0 /MediaBox [0 0 612 792] << << << 344 0 obj 37 0 obj >> /Type /StructTreeRoot >> >> /Lang (EN-US) /S /LI /Parent 5 0 R 212 0 obj endobj /S /LI Holmes served as chairman of the board, and Balwani served on the board as well. /Lang (EN-US) /Annots [] /Lang (EN-US) Holmes, an aspiring billionaire, claimed she feared needles.

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180 0 R null null null 181 0 R null null null 182 0 R null << /K 49 This helps broaden perspective and increase each individual’s sense of responsibility to the company. /P 8 0 R /P 34 0 R /P 380 0 R endobj /Pg 249 0 R << >> Theranos investor: "There was not a lot of transparency" Black Diamond Ventures founder and managing director Chris Lucas told the jury this week that he invested roughly $1.5 million in Theranos in 2006 and another $5.4 million in 2013, according to The New York Times. /P 48 0 R /P 328 0 R endobj /P 347 0 R /Lang (EN-US) 22 0 obj /S /LI /S /P /Type /MCR /S /LBody An instant New York Times bestseller, Dan Lyons' "hysterical" (Recode) memoir, hailed by the Los Angeles Times as "the best book about Silicon Valley," takes readers inside the maddening world of fad-chasing venture capitalists, sales bros, ... << /Resources 460 0 R /K 22 /Pg 237 0 R << /Lang (EN-US) /K 0 1 0 obj All too often these individuals are remembered for just one part of their valuable achievements. In this engaging, erudite account, renowned cultural historian Peter Burke argues for a more rounded view. /Subtype /XML /S /LBody << /S /P /Rotate 0 /S /LBody

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44 0 obj endobj Warriors and Citizens: American Views of Our Military endobj /S /TR << << /P 281 0 R /S /LBody 178 0 obj /S /P /S /LI endobj >> /Superscript /Span /Lang (EN-US) By Susan Nash. endobj Probabilistic Knowledge /S /P /Lang (EN-US) /S /LBody /S /LI /K 159 0 R endobj 109 0 obj >> >> 110 0 obj /P 8 0 R endobj /Lang (EN-US) /P 50 0 R /Pg 251 0 R << >> 142 0 obj /Lang (EN-US) >> /P 269 0 R /Count 5 /P 8 0 R endobj /Pg 256 0 R << /Pg 235 0 R 291 0 obj endobj /O /Layout /K 22 endobj 337 0 obj /S /LBody << >> /K [262 0 R 263 0 R 264 0 R 265 0 R 266 0 R 267 0 R] /CropBox [0 0 612 792] << /Pg 240 0 R endobj << 268 0 obj endobj /P 284 0 R 296 0 R 297 0 R 298 0 R 299 0 R 300 0 R 301 0 R 302 0 R 303 0 R] /K 28 >> /P 334 0 R The jury listened carefully to her testimony, which lasted three hours. >> /P 359 0 R /P 48 0 R

/K 6 /S /LI /K 8 >> /K 24 << 251 0 obj << /K 222 0 R /Pg 242 0 R >> /Lang (EN-US) /Rotate 0 Bad Blood: Secrets and Lies in a Silicon Valley Startup >> /P 48 0 R

endobj /Pg 257 0 R /Lang (EN-US) /S /P /K [105 0 R 106 0 R 107 0 R 108 0 R 109 0 R] << /S /LI /MediaBox [0 0 612 792] Opinions expressed by Forbes Contributors are their own. /S /LBody

<< Influential figures including George Shultz, General Jim Mattis, and Henry Kissinger joined Theranos’ board of directors. /Pg 236 0 R endobj /Lang (EN-US)

endobj /P 380 0 R The jury listened intently to his testimony, which lasted three hours. endobj << /P 8 0 R /K 219 0 R /Tabs /S

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/Pg 246 0 R /Pg 254 0 R That was true for author Rich Karlgaard, who had a mediocre academic career at Stanford (which he got into by a fluke), and after graduating, worked as a dishwasher, nightwatchman, and typing temp before finally finding the inner motivation ... << /P 380 0 R 202 0 obj << /Pg 235 0 R /S /LBody << /S /LI >> >> /Lang (EN-US) /Pg 235 0 R 65 0 R 66 0 R 67 0 R 68 0 R 69 0 R 70 0 R 71 0 R 72 0 R 73 0 R 74 0 R /Lang (EN-US) The jury listened intently to his testimony, which lasted three hours. /Pg 243 0 R /S /LBody /CropBox [0 0 612 792] null null 162 0 R null null null 163 0 R null null] /K 183 0 R >> >> /Resources 444 0 R /P 63 0 R 18 0 obj << >> 264 0 obj Elizabeth Holmes starts Theranos — a word that combines “therapy” and “diagnosis” — when she is just 19. /S /LBody /K 198 0 R 28 0 obj /CropBox [0 0 612 792] /Rotate 0

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/Lang (EN-US) 381 0 obj /MediaBox [0 0 612 792] /S /LBody /K 158 0 R << /P 8 0 R /Type /Pages /Pg 256 0 R 118 0 obj 106 0 obj >> /K 33 However, these claims were later proven to be false. Founded in 2003 by 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. /Pg 257 0 R /Type /MCR /Annots [] /Pg 241 0 R The book says that a new data network that integrates emerging research on the molecular makeup of diseases with clinical data on individual patients could drive the development of a more accurate classification of diseases and ultimately ... /P 50 0 R /K 231 0 R 195 0 obj endobj >> endobj /Pg 239 0 R 149 0 obj endobj /S /LBody 94 0 obj /StructParents 2 endobj

286 0 obj endobj /K 38 260 0 obj But if you put them into a group that discourages dissent, they nearly always start to conform. /S /LBody endobj

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154 0 R null null null 155 0 R null null null 156 0 R null >> 324 0 obj Zou Lei, a Chinese Muslim of the Uighur tribe, enters the U.S. via Mexico, and makes her way to New York City. Keeping a low profile and employed in a restaurant, she meets Skinner, a veteran of the Iraqi war, who's afflicted with PTSD. endobj /Pg 241 0 R << !�x���Rn���E1$�g���9���`8�\������\�5�g�1^"z+�. endobj >> endobj /P 349 0 R Initiated in response to resurgent interest in food and nutrition security, the series offers a yearly overview of the food policy developments that have contributed to or hindered progress in achieving food and nutrition security. Nor is there anyone with formal accounting or auditing expertise or legal expertise […]”. /Pg 239 0 R endobj /P 8 0 R endobj /Lang (EN-US) /Type /Page /S /Table << endobj << /K 26 /S /P Elizabeth Holmes' lavish lifestyle looms over Theranos ... >> /Rotate 0 /S /Span /Lang (EN-US) >> endobj /Pg 236 0 R endobj <<

>> /P 8 0 R << /S /P >> 346 0 obj /Pg 253 0 R /Lang (EN-US) In this Nov. 2, 2015 file photo, Elizabeth Holmes, founder and CEO of Theranos, speaks at the Fortune Global Forum in San Francisco. /S /LBody /Pg 245 0 R /K 8 0 R /K 19 /Pg 237 0 R /Resources 492 0 R /MCID 2 323 0 obj 275 0 obj /Pg 249 0 R The original twelve-member Board of Directors was stacked with two former Secretaries of State, two former senators and several high-level former military officers. Pay ranges for employees at Theranos, Inc. by degree. >> /S /L 200 0 obj << /Pg 242 0 R /S /L /Pg 256 0 R /Lang (EN-US) /Pg 235 0 R endobj /S /P

Cross-examination of former Theranos laboratory director Adam Rosendorff continued on Wednesday in the federal trial against company founder and CEO Elizabeth Holmes. /Pg 244 0 R /K 206 0 R /S /LBody /MCID 2 >> /Pg 256 0 R /InlineShape /Figure /P 344 0 R /K 45 >> << 365 0 obj /S /P /S /LI endobj /P 50 0 R /P 42 0 R >> /S /P /K 10 << >> 222 0 obj 45 0 R 46 0 R 47 0 R 48 0 R 49 0 R 50 0 R 51 0 R 52 0 R 53 0 R 54 0 R /P 306 0 R 49 0 obj >> endobj /S /LBody 11 [null null 169 0 R null null null 170 0 R null null null /Pg 258 0 R

<< << /S /P << The most effective boards are also the ones where dissent is welcomed. >> 120 0 obj 54 0 obj According to the Journal, part of Holmes’ strategy was to secure investments from private donors as part of an effort to keep Theranos a private company. /S /LI At the end of the day, the difference between an effective board and a failing board boils down to whether or not there is a social system of respect, trust and candor among members of management. 2018-03-14T08:41:27-07:00

/Annots [] << endobj /StructParents 1 Now it’s … /Lang (EN-US) /S /P

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<< /P 317 0 R /Parent 5 0 R /S /P /Lang (EN-US) During the same period, she also exercised approximately 53.7 million stock options and received super-majority voting, /K 8 << << /Pg 257 0 R 89 0 obj << /K 121 0 R 1 [null null 115 0 R null null null 116 0 R null null null << >> In October 2015, a Wall Street Journal investigation exposed Silicon Valley startup Theranos for making fraudulent claims about its “breakthrough advancements” in blood-testing technologies. endobj >> endobj /P 263 0 R endobj /Contents [465 0 R 466 0 R 467 0 R] /Lang (EN-US) 66 0 obj /Annots [] Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT /S /P /S /LI endobj >> >> /MCID 2 /Lang (EN-US) Theranos has since changed its board structure to include a smaller board of directors, a new board of counselors and a medical advisory board staffed with physicians and researchers. >> endobj 322 0 obj endobj /S /LBody /S /LBody /P 297 0 R endobj << endobj endobj There is much to be said about the makeup of the board as well as the board members’ apparent lack of vigilance. The makeup of Theranos’ boardroom has done very little for its credibility in the medical technology industry. >> endobj >> Holmes dropped out of Stanford in 2003 and used the education trust from her parents to found the company that would l…

endobj endobj /P 283 0 R << endobj /Contents [473 0 R 474 0 R 475 0 R] << << endobj 12 0 obj >> << << 281 0 obj >> /Type /Page 392 0 obj 87 0 obj /P 51 0 R A series of whimsical, briskly paced essays by the popular New York Times "Social Q's" columnist provides modern advice on navigating today's murky moral waters, sharing recommendations for such everyday situations as texting on the bus to ... /P 374 0 R endobj << << In addition, other former employees working in Theranos’ labs will testify. <<

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>> /P 381 0 R /Type /Page >> /K 132 0 R Prosecutors also questioned two part-time lab directors, including Balwani’s dermatologist, who spent only a few hours scrutinizing Theranos’ blood-testing technology during late 2014 and most of 2015. /Pg 252 0 R /P 54 0 R This book doesn't just give you a collection of questions and answers, it walks you through the process of coming up with the solution so you learn the skills and techniques to shine on whatever problems you’re given. << /S /LBody 19th Jul 2018 by Bija Knowles. /Lang (EN-US) /Annots [] /P 312 0 R endobj /Pg 257 0 R 331 0 obj 215 0 obj 180 0 obj << /Pg 249 0 R /Lang (EN-US) /P 51 0 R Why didn’t directors demand a better accounting of the company’s direction and well-being?” These were questions asked at the collapse of Enron, for example, and the answers were revealing. /CropBox [0 0 612 792] 96 0 obj 123 0 obj /P 48 0 R When employees and media started raising concerns, the board did nothing. /K 30 /K 138 0 R 288 0 obj /S /P endobj /Lang (EN-US) 324 0 R 325 0 R 326 0 R 327 0 R 328 0 R 329 0 R 330 0 R] /Parent 12 0 R /S /LI /P 278 0 R /StructParents 4 << /K [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]

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352 0 obj /K 204 0 R 132 0 obj << 300 0 obj endobj Business Ethics is designed to meet the scope and sequence requirements of the single-semester business ethics course. /Lang (EN-US) endobj endobj Contributors: Rosa Brooks, Matthew Colford,Thomas Donnelly, Peter Feaver, Jim Golby, Jim Hake, Tod Lindberg, Mackubin Thomas Owens, Cody Poplin, Nadia Schadlow, A. J. Sugarman, Lindsay Cohn Warrior, Benjamin Wittes /P 8 0 R /P 356 0 R Strong companies—such as GE and Home Depot—are known for ensuring their boards do an effective job. /Lang (EN-US) /S /Sect >> 349 0 obj

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/P 44 0 R endobj /Pg 252 0 R << << >> /S /P >> 171 0 obj Selected accounts from Flying Magazine's long-running accident-analysis column, Aftermath. endobj /K 25 >> /S /LBody >> >> endobj /S /LI /Annots [] /Parent 14 0 R /Pg 244 0 R /Lang (EN-US) /Pg 244 0 R Mattis, a retired four-star general, served on Theranos’ board of directors from 2013 until December 2016., and was the first high-profile witness since the trial kicked off last month. /P 50 0 R /Tabs /S /K 144 0 R >> /P 55 0 R /S /LBody >>

<< << /S /P /P 358 0 R endobj /P 59 0 R /MediaBox [0 0 612 792] endobj /Pg 235 0 R /S /LBody

396 0 obj /Lang (EN-US) >> /P 8 0 R /P 287 0 R /MCID 2 41 0 obj /P 50 0 R /P 260 0 R /K 18 >> endobj >> /S /LBody /P 48 0 R /MediaBox [0 0 612 792] /Lang (EN-US) endobj 100 0 obj /Pg 250 0 R /S /LI endobj /K 149 0 R /K 16 endobj /S /LI endobj /Pg 235 0 R << /S /LI /Contents [469 0 R 470 0 R 471 0 R] /S /LBody /P 48 0 R /P 380 0 R /Rotate 0 /Pg 250 0 R << /P 8 0 R >> /Pg 239 0 R endobj 30 0 obj /S /LI /P 50 0 R /P 314 0 R endobj /K 2 /Lang (EN-US) /S /P /StructParents 19 /S /P /Pg 235 0 R >> 107 0 obj 266 0 obj endobj /S /LBody /S /P /Annots [] endobj /K 29 Mattis, a retired four-star general, served on Theranos’ board of directors from 2013 until December 2016., and was the first high-profile witness since the trial kicked off last month. << endobj 223 0 obj /Pg 255 0 R endobj In fact, Tyler first met Theranos founder Elizabeth Holmes at his grandfather's house and was inspired by her vision for the company. /P 336 0 R /K 184 0 R << /K 22 20 0 obj endobj 73 0 obj /K 136 0 R /P 55 0 R 190 0 obj 176 0 R null null null 177 0 R null null null 178 0 R null /Lang (EN-US) /K 6 /S /P /S /LI /K 224 0 R << endobj /K 21 289 0 obj Yes, We Have No Choice, Gender Bias: Trademark Act Never Contemplated A Woman Or Gay Male President, Cannabis Challenges Differ In Each State Where It’s Newly-Legal, 5 Unexpected Places To Find Your Next Great Business Idea. /K 20 /Rotate 0 /K [273 0 R 274 0 R] /K 110 0 R /S /P According to evidence submitted by Holmes’ lawyers, Theranos paid Mattis a $150,000 annual salary as a board member. /Lang (EN-US) 93 0 obj /K 234 0 R <<

/K 10 /P 329 0 R /P 8 0 R endobj << >> /Author () /P 55 0 R 82 0 obj /Tabs /S endobj endobj /Lang (EN-US) /PageLayout /OneColumn endobj /P 332 0 R That begs the question for many startups as to whether or not they need a board of directors, and if so, when? /Pg 248 0 R The basicidea was to create a miniature laboratory that could perform blood tests usingonly a drop or two of blood pricked from a finger. /Lang (EN-US) /K 214 0 R null 114 0 R null] endobj 145 0 obj 18 [null null 209 0 R null null null 210 0 R null null null /P 8 0 R /S /LI << /Lang (EN-US) << << /S /LI << Mattis, a retired four-star general, served on Theranos’ board of directors from 2013 until December 2016., and was the first high-profile witness since the trial kicked off last month. >> /S /P /S /P endobj >> >> /P 8 0 R endobj /Lang (EN-US) /S /P Publicly held companies have to have a board of directors, while private companies don’t. /Pg 254 0 R << /K 14 /P 350 0 R << >> 185 0 R null null]

/Tabs /S << /S /LI 143 0 obj /StructParents 18 endobj 326 0 obj endobj /StructParents 8 /K 2 /Rotate 0 /Pg 245 0 R 217 0 R null null null 218 0 R null null null 219 0 R null Mattis ultimately joined Theranos’ board of directors in 2013, just a few months after retiring from the Marines after serving as a four-star general. endobj >> >> << >> /S /P /S /LI endobj /S /LI /Lang (EN-US) /K 20 Mattis is the seventh overall witness to be called to the stand in the case. /Pg 258 0 R /StructParents 14 187 0 obj /S /LI /Contents [461 0 R 462 0 R 463 0 R] endobj /S /LBody For example, GE strives for “a diversity of board views.” The company commits to having a board that represents a range of experience in various areas of expertise “that are relevant to the Company’s global activities.”, Another way companies encourage strong boards is through performance evaluations, regular feedback and required involvement outside the boardroom. >> 40 0 obj << /P 54 0 R << /S /LI /K 15 191 0 obj He received an annual salary of around $150,000. /P 51 0 R 170 0 obj >> << /Lang (EN-US) << /Tabs /S Sonnenfeld states in the Harvard Business Review that when honest dialogue is not actively encouraged, it is common for groupthink to take over: Directors are, almost without exception, intelligent, accomplished, and comfortable with power. 192 0 obj endobj

/Lang (EN-US) /Tabs /S /Lang (EN-US) Theranos billed its lab technology as having the ability to perform more than 240 tests, ranging from cholesterol to cancer screenings, from just a few drops of blood. 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 /K 30 /Contents [425 0 R 426 0 R 427 0 R] 341 0 obj

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