Theranos: trial of Elizabeth Holmes

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IvanV
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Re: Theranos: trial of Elizabeth Holmes

Post by IvanV » Thu Dec 08, 2022 12:06 pm

Woodchopper wrote:
Thu Dec 08, 2022 10:17 am
In terms of Holmes' sentencing, from what I understand she also set up the company in such a way that defrauding patients was an inevitable part of the business.
You can say the same of a delivery company that is financially viable only if its drivers break speed limits, so as to reduce the cost per delivery. Even though the chief executive sets the drivers delivery targets that can only be met by speeding, it is still drivers who committed speeding offences, not the chief executive.

Holmes was the face of Theranos, that impressed, dazzled and seduced exceedingly clever and prominent people, the kind of people you don't think would fall for a scam. She was so good she got $125m out of Rupert Murdoch. She got prominent, but very old people, such as George Schulz and Henry Kissinger, to market her scam for her. But Sunny Balwani was very much the force behind the scenes, and in her bed. It was he who in practice acted so as to take legal responsibility for the law-breaking in the lab. He did the dirty work, and there was a lot of that. It doesn't seem inappropriate to me he ended up with a longer sentence.

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Brightonian
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Re: Theranos: trial of Elizabeth Holmes

Post by Brightonian » Tue Jan 10, 2023 6:57 pm

George Shultz was possibly besotted by Holmes, and brought other people in: https://www.theguardian.com/books/2023/ ... eth-holmes

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