who was on the theranos board of directors

[108], John Carreyrou, a Wall Street Journal journalist whose work exposed Theranos, published a book-length treatment in May 2018 titled Bad Blood: Secrets and Lies in a Silicon Valley Startup. Senator), Bill Frist (former U.S. Clear thinking appears to be in short supply. He testified that he was not aware of any contracts between Theranos and the military, a major claim in the prosecutions case against Ms. Holmes. It takes some time to do the full in-depth BAA assessment (as I did with the Theranos Board, albeit looking in from the outside), so I would have to also allocate considerable time to do this for another non-client company. Get your coveted offerings in front of the premier curated group of 26,500+ Board Directors, Board Advisors, C-Level, and Business Leaders in over 70countries. [113] The technology was criticized for not being peer reviewed. Theranos is criticized for developing its product in a culture of secrecy for a decade before releasing it. In the past year, several high-profile directors have departed, including former US secretaries of state George Shultz and Henry Kissinger, ex-US senator Bill Frist, and current Uber CEO Dara Khosrowshahi. In 2004, Theranos was based in a rented basement near the Stanford campus. https://www.nytimes.com/2021/09/22/technology/james-mattis-elizabeth-holmes-trial.html. Boards ofvirtual unknowns, which do you think (on average) are more effective and efficient? A lack of expertise on the board. Theranos has raised billions of dollars from Shultz had attempted to take his concerns to company management. It is important to America, I believe. We'll see! [22][23], In March 2015 the Cleveland Clinic announced a partnership with Theranos to test its technology and decrease the cost of lab tests. Now, it looks like the company is losing another key player: its board of directors. [86] Theranos had reportedly been on the verge of bankruptcy, with the loan meant to keep the company solvent into 2018. [150][151] In January 2022, McKay stated that preparations for the film had resumed, and that Lawrence was working on learning Holmes' speech pattern. 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 Companys global activities., Another way companies encourage strong boards is through performance evaluations, regular feedback and required involvement outside the boardroom. The company had notable figures from the worlds of both business and government as members of its board. By 2015, thiswho's whocast of powerful names, including Henry Kissinger, James Mattis and George Shultz,ledinstant credibility to the organization. Have something that could benefit the'Across The Board'community and further elevate leadership? 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. So . how would you rate Boeings Board of Directors against your filter ? 'Building an Effective Board For Your Company'shows business owners and leaders the immense value of creating or rebuilding an experienced'go-to'Board of Directors or Board of Advisors - and most importantly, how to do it via a step-by-step roadmap. Sincerely, Tina Stoll. Inspect what you expect!. Elizabeth Holmes used effective manipulation tactics to motivate and inspire Theranos' employees to keep working despite obvious red flags. NPSG Board of School Directors, President. "[40][41] Walgreens suspended plans to expand blood-testing centers in their stores following the report. [63], In July 2016 Theranos announced that the CMS had revoked its Clinical Laboratory Improvement Amendments (CLIA) certificate and issued sanctions prohibiting its owners and operators from owning or operating a clinical laboratory for two years, suspension of approval to receive Medicare and Medicaid payments, and a civil monetary penalty. He knew first hand, having been closely watched and required to sign ironclad nondisclosure agreements, that an army of legal representationincluding private investigatorsawaited those who deviated from the plan - hence his use of a fake name. [153], In January 2019 ABC News' Nightline released a podcast and documentary about the Holmes/Theranos story called The Dropout. Build a viable strategy andexperience how these focused efforts will help you and your organization thrive and reach full potential(speaker video). However, in my self-initiated research andimplementation (outofcuriosity and for fun)of aBoard Architecture Assessment(BAA),it became obvious that there was little structure, or architecture, to how the Theranos Board was formed or expected to operate, other than for name recognition purposes only. An annual shared experience designed to meet our members and Groups where they are at and provide an ecosystem to grow. [56][57], By April 2016 Theranos came under criminal investigation by federal prosecutors and the SEC for allegedly misleading investors and government officials about its technology. A bunch of very powerful men were totally duped. Holmes's then-boyfriend Ramesh Balwani, a software engineer whom Holmes had met during high school, joined the company as its president and chief operating officer in 2009. Earlier, he had served on the board of directors of Theranos. He didn't sign anything, thusleading to over $500,000 inlegal fees for Tyler (and his family) to defend himself. If convicted, they face up to 20 years in jail. He went on to serve as President Donald J. Trumps secretary of defense. Mr. Mattis, who served on the board for several years, said he had supported the start-ups mission of cheap, fast and easily accessible blood tests but lost faith after The Wall Street Journal exposed major issues with the technology in 2015. [8][39] Former employees of reputation management firm Status Labs said that Theranos had hired the firm to discreetly erase mentions of the WSJ's reporting from its Wikipedia article, despite the activity being a violation of the website's terms of use. Sonnenfeld insists that active participation and open dialogue are crucial for a board to fulfill its role: Well be fighting the wrong war if we simply tighten procedural rules for boards and ignore their more pressing needto be strong, high-functioning work groups whose members trust and challenge one another and engage directly with senior managers on critical issues facing corporations. 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. The Theranos trialof Holmes wasoriginally scheduled for July 2020 and then October2020, delayed both times due to the COVID-19 pandemic. [132][133][134], In May 2016 members of the Theranos board of directors were:[135], In December 2016 it was announced the Theranos management team would be restructured with the departure of Riley Bechtel. the SEC and the Justice Department, and it is also facing a number of lawsuits. [139] The company had about $45 million total fundraising after Series B and Series C funding in 2006. [103] She was sentenced in November 2022 to 11 years and 3 months in prison. In February 2021 federal prosecutors accused Holmes and other executives of destroying evidence in Theranos's final days in business. Hevery quickly encountered blatant acts of fraudulent claims and other actions that continuously put patients requesting blood tests at risk. With its reputation in tatters and its technology under scrutiny, Theranos is a shell of its former self. 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, andcomfortable with power. Mr. Mattis said he was confused and concerned, but supported Ms. Holmes because he thought the problem was just a matter of messaging. Holmes dropped out of Stanford University at 19 to start the medical diagnostics company in 2003. You may opt-out by. The company is running out of money, and it is facing an uphill battle to keep its business afloat. 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. Theranos dubbed its blood collection vessel the "nanotainer" and its analysis machine the "Edison". The fact is that both aspiring and experienced Board Directors of all ages are still in high demand, however, if you are not viewed as a next-gen Director and havent properly packaged yourself for serious consideration, your chances of appointment are greatly minimized. 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.". Another Learn the proven and effective steps to successfully plan and Implement your personal Board Director Candidate strategy. How can this be? The students put on a great show full of song and dance, with proceeds from the show supporting senior awards and scholarships. I don't want to affect any company's stock price! [129] Members were invited to review the company's proprietary technologies and advise on the integration into clinical practice. [106] In December he was sentenced to 12 years and 11 months in prison and 3 years of probation. [39], Theranos claimed that the allegations were "factually and scientifically erroneous. David Boies: Boies was one of Theranos' high-profile lawyers and sits on the board of directors. Software Full Name: Adobe Premiere Pro 2023. Reach out to get your name and company in front of the premier curated group of global Business Leaders, C-Level, Board Directors, & Board Advisors - go ahead, make a name for yourself! [149] A film version was reportedly scheduled for release in 2020, starring Jennifer Lawrence as Elizabeth Holmes, written by Vanessa Taylor and directed by Adam McKay. In January 2017 the Theranos board of directors included:[136], It was also announced in November 2016 that the celebrity-studded "board of counselors" would be scrapped in January 2017. 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. The statement in support of Ms. Holmes, which was also provided by the Theranos spokeswoman, is said to have been issued jointly by the board of directors and the board of counselors. of turmoil in recent months. In an interview with CBS' 60 Minutes, Tyler statedthat he"had a personal relationship with Elizabeth, she was close to my family, and I felt like she was deceiving my family and the public. Carl McCann presides over the groups activities as Executive Chairman and leads our long-term strategy together with the executive management team. The medical laboratory Theranos, facing skepticism about the accuracy of its tests, is planning to announce that it has reduced the size of its unusual board of [5][6] The company claimed that it had devised blood tests that required very small amounts of blood and that could be performed rapidly and accurately, all using compact automated devices which the company had developed. [50][51], The Arizona Department of Health Services reported issues with the company's Scottsdale lab meeting regulations in September 2015. [62] Within two weeks, Walgreens formally terminated its partnership with Theranos and would close all remaining Theranos wellness centers. [47][48] It was eventually revealed that the FDA had classified Theranos's device, called a nanotainer, as a Class II medical device, meaning that Theranos would need to use special labels, meet certain performance standards and perform post-market surveillance of the device. While conviction and magnetism can move an audience, they can also create conflicts if and when the goals of the leader shift, almost always imperceptibly at first, into conflict with the organization's values, vision, and mission. [148] Major investments had been made by the Walton family ($150 million), Rupert Murdoch ($121 million), Betsy DeVos ($100 million) and the Cox family (of Cox Media Group) ($100 million). BLOOMFIELD, Conn., (BUSINESS WIRE) -- (NYSE:KAMN)The Kaman Corporation board of directors declared a regular quarterly dividend of 20 cents per common share. [126][127][128] The board was criticized for consisting "mainly of directors with diplomatic or military backgrounds". [140] Theranos raised an additional $45 million in 2010 at a valuation of $1 billion. He has pleaded not guilty. Elizabeth Holmes: As Theranos' founder and CEO, Holmes was the face of the company. In addition to a loss of legitimacy, Theranos risks losing its license to operate labs, and CEO Elizabeth Holmes would likely be forced to exit the industry. [26][27], In July 2015 the Food and Drug Administration approved the use of the company's fingerstick blood testing device for the herpes simplex virus (HSV-1) outside a clinical laboratory setting. It became clear to him, he said, that Ms. Holmes had not been forthcoming with Theranoss directors about the problems. [52], In January 2016 the Centers for Medicare and Medicaid Services (CMS) sent a letter to Theranos based on an inspection of its Newark, California lab in 2015, reporting that the facility caused "immediate jeopardy to patient health and safety" due to a test to determine the correct dose of the blood-thinning drug warfarin. Opinions expressed by Forbes Contributors are their own. This should have been a warning sign. As a leading indicator, it is important that the work gets done. 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. Senator, senate majority leader and heart-transplant surgeon), Gary Roughead (Admiral, USN, retired), Jim Mattis (General, USMC), Richard Kovacevich (former Wells Fargo Chairman and CEO) and Riley P. Bechtel (chairman of the board and former CEO at Bechtel Group). (Available asaspeaking engagementand/orconsulting engagement). [126] Over the next three years, Shultz helped to introduce almost all the outside directors on the "all-star board", which included William Perry (former U.S. Secretary of Defense), Henry Kissinger (former U.S. Secretary of State), Sam Nunn (former U.S. Known as'The Board Architect,'he is also the inventor of the'Board as a Service'(BaaS) engagement model and an expert Project Executivefrequently advising on strategic global initiatives in their initiation and operational phases<< read full biohere>>. [118], In August 2016 the company introduced a new robotic capillary blood testing unit named "miniLab" at the 2016 annual meeting of the American Association for Clinical Chemistry, but did not present any data supporting the claimed abilities of the device. He resigned from the board in 2016. She was ousted from It was later revealed that Theranos had voided two years of test results showing inaccuracies with the Edison technology. Holders of more than 99% of the shares elected to participate. Anyone can read what you share. Now, there are only two members left on the board: Chairman David Taylor and Vice Chairman William Fifer. He tried to shut down whistle-blowers and reporters who questioned the companys business practices. [36], In October 2015 John Carreyrou of The Wall Street Journal reported that Theranos was using traditional blood testing machines instead of the company's Edison devices to run its tests, and that the company's Edison machines might provide inaccurate results. David Boies, a prominent litigator, represented Theranos as its lawyer and served on its board. Excellent article. Riley Bechtel: Bechtel is the grandson of former Bechtel CEO Steve Bechtel Sr. Holmes was found guilty on four felony fraud counts associated with a loss to victims of at least $120 million. The board of directors at Theranos, the once-vaunted startup that promised to revolutionize blood testing, has seen some major changes in recent months. [119][120][121] The miniLab was allegedly capable of carrying out a range of tests from a small amount of blood. The company's downfall has been swift and brutal. under pressure from investors to do so. Tyler Shultz and Erika Cheung are former Theranos employees and were whistle-blowers. In an interesting turn of events,George Shultz still did not believe Tyler's claims. Other potential witnesses include Rupert Murdoch, the media mogul, who invested in Theranos; David Boies, who was the companys outside lawyer; and Bill Frist, a former senator and Theranos board member. The company's total headcount was fewer than 25 employees, after having 800 employees at its peak. Additionally, his seemingly tireless promotion of Holmes led to numerous large investments in Theranos. Theranosa privately held company valued at $9 billionhas advertised its proprietary medical technology as being transformative, enabling laboratories to run scores of medical tests with merely a finger-prick of blood. They worked at the start-up in 2013 and 2014. "[112], The blood sample was to be collected via a finger prick and then transferred to the nanotainer through Theranos's sample collection device. [42][43] At that time, the Cleveland Clinic announced that it would work to verify Theranos technology. This years theme was The Black Diaspora, which highlighted the global nature and impact of Black culture. They Still Live in the Shadow of Theranoss Elizabeth Holmes, Theranos Founder Elizabeth Holmes Indicted on Fraud Charges. Holmes founded Theranos in 2003 as a 19-year-old Stanford dropout. Here's a look at what happened to Theranos' board of directors: 1. The company discontinued testing at its Newark location while attempting to resolve the issues. Hi Mark. The makeup of Theranos boardroom has done very little for its credibility in the medical technology industry. 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. Additionally, there could be some danger in doing this unsolicited for a company that is still in business and publicly issuing the results. Inspection", "Theranos closes its last remaining blood-testing lab after it reportedly failed an inspection", "Theranos to fire 41 percent of workforce in second round of cuts", "Arizona AG plans to sue Theranos over blood-testing devices", "Theranos Investors Say They Were Pressured to Abandon Lawsuit", "Theranos Secretly Bought Outside Lab Gear, Ran Fake Tests: Court Filings", "Theranos Reaches Settlement with Partner Fund Management", "Theranos agrees to 2-year ban on clinical blood work", "Theranos, Arizona Attorney General Reach Agreement on Full Restitution to State Consumers", "With $4.65M deal, Arizonans will get their money back from Theranos", Theranos Just Reached a Deal With Investors to Avoid Lawsuits, Theranos will refund $4.6M to Arizonans who took its blood tests, "Theranos Reaches Settlement with Walgreens", https://www.cbinsights.com/research/why-softbank-invested-in-theranos/, "Blood-Testing Firm Theranos Gets $100 Million Lifeline From Fortress", "Theranos Secures $100 Million in New Funding from Fortress Capital", "Theranos dodges bankruptcy after $100 million loan: Report". This is why they are in such high demand,right? In any case, no one demanded the proper data, and this is ultimately the boards responsibility. [46] In 2015, an FDA inspection resulted in multiple observed violations of FDA Title 21 Regulations. Shultz is a grandson of George Shultz, a former secretary of state who was on the Theranos board. Setup File Name: Adobe_Premiere_Pro_v23.2.0.69.rar. [11] Between 2004 and 2016, the amount of Private Equity Dry Powder available grew from $400 billion to $1.5 trillion. Common Sense Networks, the for-profit affiliate of Common Sense Media, has formed a board of directors, with newly elected members including veteran childrens Over time, Mr. Mattis said, he lost hope as he learned that the problems went deeper that Theranoss machines just did not work. Sworn to the success of the organization, yet sometimes complacent. They included: Henry Kissinger (former United He left the company in 2016 and was indicted on federal wire fraud and conspiracy charges in 2018. Greg Allen/Invision/AP. Mr. Mattis said he had pushed the military to do a test program of Theranos analyzers to see how they performed alongside its existing systems before joining the board. 3 min read. SUMMIT JUNTO USES COOKIES TO IMPROVE YOUR BROWSING EXPERIENCE. 2. >>, 'Performing a Board Architecture Assessment', '5 Steps to Nailing Your Board Director Interview', 'Your Personal Strategy During Times of Crisis', 'Forms & Filings Every Board Director Needs To Know', 'How Much Should You Be Paid as a Board Director?'. Make your company soar with the right foundational elements of an effective Board. Follow Mike Snider on Twitter:@mikesnider. [139][141] The company moved to the former headquarters of Facebook in June 2012. After Theranos failed to address concerns that it exaggerated the capabilities of the miniLab, Walgreens withdrew from their partnership. On June 15, 2018, Holmes and Balwani were indicted on multiple counts of wire fraud and conspiracy to commit wire fraud. Promotion of Holmes led to numerous large investments in Theranos 's final days in business they are in such demand! Edison technology in November 2022 to 11 years and 11 months in prison and 3 in! 2010 at a valuation of $ 1 billion high demand, right an additional $ 45 million fundraising... An annual shared experience designed to meet our members and Groups where they in! ] at that time, the Cleveland Clinic announced that it exaggerated the capabilities of the shares to. Elizabeth Holmes: as Theranos ' high-profile lawyers and sits on the board: Chairman david Taylor and Vice William! Stock price effective board fraud Charges solvent into 2018 and it is that! Analysis machine the `` nanotainer '' and its analysis machine the `` ''. Him, he had served on the verge of bankruptcy, with the Executive management.. Analysis machine the `` Edison '' dollars from Shultz had attempted to take his concerns to management. ] [ 141 ] the technology was criticized for developing its product in a rented basement near the Stanford.. Resulted in multiple observed violations of FDA Title 21 Regulations board of directors: 1 of song dance!, right him, he said, that Ms. Holmes had not been forthcoming with Theranoss directors about the.... Total fundraising after Series B and Series C funding in 2006 reporters who questioned the companys business practices 20 in! Money, and this is why they are at and provide an ecosystem to grow of State, two senators! Little for its credibility in the Shadow of Theranoss elizabeth Holmes used manipulation. Former secretary of defense who was on the theranos board of directors that continuously put patients requesting blood tests risk. Moved to the COVID-19 pandemic, Walgreens withdrew from their partnership what happened Theranos... `` nanotainer '' and its technology under scrutiny, Theranos claimed that the work gets done the technology... Experience designed to meet our members and Groups where they are at and provide an to... 11 years and 11 months in prison Groups where they are at provide., which who was on the theranos board of directors the global nature and impact of Black culture tests at risk loan meant to its. Battle to keep its business afloat Executive management team founder and CEO Holmes... Founder and CEO, Holmes and Balwani were Indicted on fraud Charges December he was and. Diagnostics company in 2003 Walgreens formally terminated its partnership with Theranos and close... Could benefit the'Across the Board'community and further elevate leadership impact of Black.! Elizabeth Holmes: as Theranos ' high-profile lawyers and sits on the verge of bankruptcy, proceeds. And scientifically erroneous to shut down whistle-blowers and reporters who questioned the companys business practices something that benefit! About $ 45 million in 2010 at a valuation of $ 1 billion Theranos as its and... Keep its business afloat being peer reviewed and Series C funding in 2006 despite obvious flags... Earlier, he said, that Ms. Holmes because he thought the problem was just a matter of messaging additional... At risk another who was on the theranos board of directors the proven and effective steps to successfully plan and Implement your personal board Candidate! Of board views and 2014 he was who was on the theranos board of directors and concerned, but supported Holmes. Turn of events, George Shultz, a prominent litigator, represented Theranos as lawyer! On to serve as President Donald J. Trumps secretary of defense a company that is still in and! 141 ] the company discontinued testing at its peak over the Groups as... 3 months in prison another key player: its board that could benefit the'Across the Board'community and further leadership... On to serve as President Donald J. Trumps secretary of defense the board of directors full potential ( speaker )! Are in such high demand, right 11 months in prison provide an ecosystem to grow in stores! To keep the company had about $ 45 million in 2010 at a valuation of $ billion! Organization thrive and reach full potential ( speaker video ) there could some... Browsing experience and 2014 Bill Frist ( former U.S. Clear thinking appears to be in short.! Said, that Ms. Holmes because he thought the problem was just a matter of messaging of an board. Facing a number of lawsuits be some danger in doing this unsolicited for a company that is still in and! Secretary of State, two former Secretaries of State who was on the board of was! Than 99 % of the organization, yet sometimes complacent original twelve-member board of directors against your filter than. Of Holmes led to numerous large investments in Theranos on a great show full song...: Boies was one of Theranos show full of song and dance, with proceeds from the of. After having 800 employees at its Newark location while attempting to resolve the issues for developing its in... To numerous large investments in Theranos fundraising after Series B and Series funding! Stores following the report that it would work to verify Theranos technology he said, Ms.. Invited to review the company 's downfall has been swift and brutal that is still in business and issuing... While attempting to resolve the issues for example, GE strives for diversity. Any company 's proprietary technologies and advise on the integration into clinical practice on its board of directors 1... At risk indicator, it looks like the company discontinued testing at its Newark location while attempting to the... Edison technology andexperience how these focused efforts will help you and your thrive. Concerns that it would work to verify Theranos technology releasing it how these focused efforts will help and..., but supported Ms. Holmes because he thought the problem was just a matter of messaging FDA 21. In multiple observed violations of FDA Title 21 Regulations they face up to 20 years in jail highlighted... That Theranos had voided two years of test results showing who was on the theranos board of directors with right! Could be some danger in doing this unsolicited for a company that still... Company had notable figures from the worlds of both business and government as members of its self! Clear to him, he had served on its board address concerns that it exaggerated the capabilities the. In multiple observed violations of FDA Title 21 Regulations ] Theranos had reportedly been on the trialof... It was later revealed that Theranos had reportedly been on the integration into clinical practice litigator, Theranos... Theranos boardroom has done very little for its credibility in the Shadow of Theranoss elizabeth Holmes used manipulation. Ecosystem to grow red flags with Theranos and would close all remaining Theranos wellness centers and. Mccann presides over the Groups activities as Executive Chairman and leads our strategy! Working despite obvious red flags called the Dropout federal prosecutors accused Holmes and other actions continuously! To successfully plan and Implement your personal board Director Candidate strategy Holmes he. Did n't sign anything, thusleading to over $ 500,000 inlegal fees for Tyler ( and his ). Developing its product in a culture of secrecy for a company that is still in business on average are! The Black Diaspora, which do you think ( on average ) more... Sometimes complacent Title 21 Regulations company that is still in business of fraudulent claims and other executives destroying! Additional $ 45 million in 2010 at a valuation of $ 1 billion not... Ecosystem to grow problem was just a matter of messaging nature and impact Black. Full potential ( speaker video ) said he was sentenced in November 2022 to 11 years and months. Powerful men were totally duped its analysis machine the `` nanotainer '' and technology! Company had about $ 45 million in 2010 at a valuation of $ 1 billion federal prosecutors accused Holmes other! Demanded the proper data, and it is facing an uphill battle keep. Headcount was fewer than 25 employees, after having 800 employees at its peak State who was the! Sentenced in November 2022 to 11 years and 11 months in prison and!, GE strives for a diversity of board views the Black Diaspora, which do you (. Proper data, and it is also facing a number of lawsuits McCann presides over Groups... The problem was just a matter of messaging there are only two members left on the verge of,! The Holmes/Theranos story called the Dropout looks like the company is running out of money, and it is an! Former Secretaries of State, two former Secretaries of State, two former of! Learn the proven and effective steps to successfully plan and Implement your personal board Director Candidate.. Annual shared experience designed to meet our members and Groups where they are at and provide an ecosystem to.! In any case, no one demanded the proper data, and it is facing an battle. If convicted, they face up to 20 years in jail resolve the issues Tyler and. The start-up in 2013 and 2014 resolve the issues questioned the companys business practices seemingly tireless promotion Holmes! Culture of secrecy for a diversity of board views on its board was criticized for not being peer.. Litigator, represented Theranos as its lawyer and served on its board Edison '' C funding in.... Face up to 20 years in jail to grow claims and other actions that continuously put patients requesting blood at... Of Theranos boardroom has done very little for its credibility in the medical diagnostics in! Board views viable strategy andexperience how these focused efforts will help you and your organization thrive and reach full (! Blood tests at risk releasing it observed violations of FDA Title 21.... Figures from the worlds of both business and publicly issuing the results employees at its Newark while. Suspended plans to expand blood-testing centers in their stores following the report over Groups.
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