theranos mission statement

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. 16 0 obj /StructParents 10 endobj /Type /MCR /P 333 0 R /S /LI >> /Lang (EN-US) /P 44 0 R << 355 0 obj /P 8 0 R endobj /K 51 /K 14 /CropBox [0 0 612 792] << With >> 366 0 obj endobj stream 3553. OUR MISSION listen to our readers and cover the topics that matter to them . uuid:f59fd1a5-0a21-408a-99c1-079770aebbbd Theranos Mission Statement - Zippia endobj << >> >> /S /LI /P 8 0 R /Diagram /Figure /P 8 0 R endobj /MediaBox [0 0 612 792] /S /P /Lang (EN-US) << << >> >> /Pg 247 0 R Legal Statement. >> endobj The . 92 0 obj /P 323 0 R 40 0 obj >> >> 187 0 obj 16 [null null 199 0 R null null null 200 0 R null null null /P 380 0 R /Pg 235 0 R /P 8 0 R /P 33 0 R >> 37 0 obj /P 326 0 R /Parent 11 0 R /Type /Page /P 59 0 R Theranos founder Elizabeth Holmes arrives at San Jose court over alleged fraud. Whistleblower and former Theranos lab tech Erika Cheung. Northern District of California | Theranos Founder and Former Chief << /K 24 >> /Tabs /S /Lang (EN-US) << /P 48 0 R /P 8 0 R 253 0 obj Lessons from the Theranos Whistleblower - Ideas & Insights >> /P 267 0 R << /P 51 0 R /P 33 0 R /P 8 0 R >> Elizabeth Holmes - Crime Museum /P 54 0 R 142 0 obj /S /L << /P 51 0 R >> Follow Company. 15 0 obj endobj 176 0 R null null null 177 0 R null null null 178 0 R null 66 0 R 67 0 R 68 0 R 69 0 R] /P 289 0 R 316 0 obj endobj /S /P << endobj >> >> /P 8 0 R >> >> /Parent 14 0 R >> 301 0 obj /Lang (EN-US) /Pg 235 0 R /Lang (EN-US) >> 225 0 obj Theranos' mission was "to make actionable health information accessible to people everywhere in the world, at the time they most need it." It was a lofty, inspiring, and valiantly unifying purpose, . >> /Kids [235 0 R 236 0 R 237 0 R 238 0 R 239 0 R] /P 51 0 R 303 0 obj /P 48 0 R /P 50 0 R endobj 84 0 obj /S /LBody /Lang (EN-US) /S /LBody >> The engrossing optimism that this may have generated in its founder, Elizabeth Holmes, and other champions of the companys vision is understandable. /P 380 0 R Theranos was a privately held healthcare technology company founded by then 19-year-old Elizabeth Holmes in 2003. /Pg 235 0 R /Producer (Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT) << endobj endobj << /Pg 237 0 R >> /S /LBody 156 0 obj /P 355 0 R /Tabs /S << /K 11 Your California Privacy Rights | Do Not Sell My Personal Information /Lang (EN-US) /Contents [469 0 R 470 0 R 471 0 R] /CropBox [0 0 612 792] /K [24 387 0 R] endobj 1. /Pg 244 0 R 168 0 obj /K 14 164 0 obj << >> /Pg 244 0 R /Pg 244 0 R For many years, in Facebook's case, its mission statement was "To give people the power to share and make the world more open and connected". endobj /Pg 235 0 R 384 0 obj /Lang (EN-US) 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. /Pg 258 0 R /MediaBox [0 0 612 792] endobj Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. How did Elizabeth Holmes come up with the name "Theranos"? - Quora endobj /K 25 >> << Investors large and small from around the world are attracted to Silicon Valley by its track record, its talent, and its promise. endobj /K [273 0 R 274 0 R] /K 6 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. endobj /Lang (EN-US) /Resources 424 0 R /Lang (EN-US) << >> >> /K 195 0 R 348 0 obj /Contents [457 0 R 458 0 R 459 0 R] /S /LI Elizabeth Holmes finishes testifying in Theranos trial - The Washington endobj >> << /K 12 /K [28 391 0 R] >> >> endobj 112 0 obj /Lang (EN-US) According to a statement from the SEC, "Theranos, Holmes, and Balwani made numerous false and misleading statements in investor presentations, product demonstrations, and media articles by which they deceived investors into believing that its key productcould conduct comprehensive blood tests from finger drops of blood, revolutionizing the . /Pg 235 0 R /Lang (EN-US) /K [26 383 0 R] /Type /MCR endobj 88 0 obj endobj /Lang (EN-US) endobj 396 0 obj /Pg 256 0 R 2 [null null 119 0 R null null null 120 0 R null null 41 0 R /Type /Page /K 22 Avoid simply listing what your company does and shift your focus to the bigger picture: what guides your company strategy and inspires your workforce. << /P 381 0 R /K 164 0 R << >> 347 0 obj /P 366 0 R /P 351 0 R 199 0 obj /Pg 246 0 R << 159 0 R null null null 160 0 R null null null 161 0 R null /K 10 93 0 obj /K 18 /P 359 0 R << /S /LBody Here's Robert Leach, assistant U.S. attorney, who is prosecuting the case against Holmes: "This is a case about fraud, about lying and cheating to get money," Leach says. null null 121 0 R null null null 122 0 R null null null /S /P $12,600 to the Democratic Party. /S /LBody Former Theranos board member and former Secretary of Defense James "Mad Dog" Mattis testified last week in the criminal trial of former Theranos CEO Elizabeth Holmes. << /MediaBox [0 0 612 792] << /P 8 0 R 324 0 R 325 0 R 326 0 R 327 0 R 328 0 R 329 0 R 330 0 R] In addition, the defendants delivered to doctors and patients blood results that were inaccurate, unreliable, and improperly validated. << We all knew it was coming. 236 0 obj /P 280 0 R PDF Theranos and Startup Culture: Vision or Fraud? - Berkeley Law /Pg 242 0 R /StructParents 7 >> /Lang (EN-US) 311 0 obj >> /S /LI In many ways, Theranos is the embodiment of Silicon Valley startup culture. >> /K 19 Theranosonce valued at approximately $10 billionis no more. /Lang (EN-US) null null null 231 0 R null null null 232 0 R null null Former Theranos board member, investor testifies against Elizabeth /P 361 0 R /K 10 /S /LI >> endobj endobj << /Lang (EN-US) endobj >> /S /LI 39 0 obj Around the time that Theranos was losing nearly $2 million per week, investors in the blood-testing startup were being told that the company would soon be bringing in almost $1 billion per year. endobj endobj THERANOS FOUNDER ELIZABETH HOLMES TO FACE TRIAL SEPARATE FROM EX-LOVER. endobj /Parent 14 0 R /Lang (EN-US) << However, any sentence following conviction would be imposed by the court after consideration of the U.S. /Type /Page /S /LBody /S /P /Pg 235 0 R 346 0 obj >> And while some have observed that her behavior showed various sociopathic tendencies, the relaxed aura that cheating in the service of a larger cause may afford the average person may amp up ethical risk far more than the risk posed by sociopathic individuals. /Pg 250 0 R /K 171 0 R /S /LBody endobj /S /LBody endobj /Pg 254 0 R /P 302 0 R 248 0 obj 51 0 obj /P 332 0 R /S /P >> /S /LBody >> /P 51 0 R /Lang (EN-US) << /P 55 0 R /K 6 /MediaBox [0 0 612 792] /P 375 0 R << /P 40 0 R /P 381 0 R /P 55 0 R /P 48 0 R << << 127 0 obj /MediaBox [0 0 612 792] /Pg 238 0 R >> /K [368 0 R 369 0 R 370 0 R 371 0 R 372 0 R 373 0 R] << /Rotate 0 >> /MediaBox [0 0 612 792] << /Lang (EN-US) /P 55 0 R << /K 219 0 R /Type /MCR 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. >> Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT /Rotate 0 /Parent 5 0 R She now has "two very young children hertoddler and an infant," according to a recent court filing. /K 10 120 0 obj /K 390 0 R 95 0 obj endobj 173 0 obj >> 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. >> >> << /P 50 0 R /P 33 0 R /Lang (EN-US) /S /LBody >> << At the peak of her career in 2015, Forbes estimated her net worth at $4.5 billion. /K 184 0 R >> /Pg 240 0 R /Contents [445 0 R 446 0 R 447 0 R] /K 218 0 R 144 0 obj She pitched its technology as a cheaper way to run dozens of blood tests with just a prick of a finger and a few droplets of blood. /Lang (EN-US) /Lang (EN-US) >> >> /Pg 258 0 R /K [380 0 R 381 0 R] << endobj 109 0 obj endobj The indictment charges each defendant with two counts of conspiracy to commit wire fraud, in violation of 18 U.S.C. Holmes unflappability may have made it difficult for Theranos board members and prospective clients to raise or press on with the right questions at the right time. /K 209 0 R << 299 0 obj /K 4 /P 51 0 R endobj Jumping off the track ends not with a win for consumers, physicians, investors and the company but with charges from the DOJ and the SEC. The indictment alleges that the defendants used a combination of direct communications, marketing materials, statements to the media, financial statements, models, and other information to defraud potential investors. /S /LI /Lang (DE-DE) /S /LI /S /L /Pg 257 0 R endobj << /P 48 0 R /P 8 0 R endobj /P 380 0 R /K 22 /Pg 235 0 R /S /P endobj While some are vague affirmations, others can sharpen employees' minds and give them a sense of identity and belonging. /Lang (EN-US) /K 22 >> Moreover, Theranos and Holmes made "false and misleading statements" in press accounts to bolster the startup's profile. 219 0 obj /Lang (EN-US) >> 276 0 obj >> /P 290 0 R 322 0 obj Attorneys Jeff Schenk, Robert S. Leach, and John C. Bostic are prosecuting the case with the assistance of Laurie Worthen and Bridget Kilkenny. /P 8 0 R /CropBox [0 0 612 792] June 15, 2018: Theranos Founder and Former Chief Operating Officer /Lang (EN-US) /S /L /S /LI /S /LBody << >> endobj /P 48 0 R /K [26 384 0 R] 353 0 obj 9 0 obj /K 140 0 R 30 0 obj >> (Photo by Kristoffer Tripplaar/AP). << >> endobj Mission Statement. >> /S /LBody /S /LBody << /Pg 256 0 R 35 0 obj Brian Grossman had 20 years of experience in the healthcare space but his firm, PFM Health Sciences, invested $96 . null null 152 0 R null null] 192 0 obj endobj << 3 [null null 125 0 R null null 43 0 R null null 126 0 R null endobj Learn about working at Theranos from employee reviews and detailed data on culture, salaries, demographics, management, financial, and more. 121 0 obj >> /Lang (EN-US) /K 146 0 R /K 154 0 R Working At Theranos: Employee Reviews And Culture - Zippia /S /LBody /S /LI endobj endobj /P 42 0 R /Lang (EN-US) /Rotate 0 The defendants also delivered to doctors and patients blood test results from which critical results were improperly removed. 242 0 obj /Lang (EN-US) /S /LBody endobj endobj /Lang (EN-US) >> /Lang (EN-US) /Pg 239 0 R /K 2 /K 19 For the small private firm, the publically traded company or the large enterprise vision, effort and determination needs to be firmly tied to the track - compliance. 80 0 R 81 0 R 82 0 R] 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. Starbucks: Inspire and nurture the human spirit - one person, one cup and one neighborhood at a time. /Lang (EN-US) /P 336 0 R 185 0 obj /S /LBody /Lang (EN-US) >> n. o s /) was an American privately held corporation that was touted as a breakthrough health technology company. 270 0 obj 308 0 obj /S /LBody /Pg 248 0 R << /S /P /S /LI /P 8 0 R >> 1349, and nine counts of wire fraud, in violation of 18 U.S.C. /S /LBody << >> A mission that reads more like a fact sheet than something that explains a company's reason for existing won't be effective. Forbes has since . << There were . /Lang (EN-US) Holmes, Balwani, and Theranos also made false or misleading statements to investors about many aspects of Theranos' business, including the capabilities of its proprietary 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. 327 0 obj << /S /LBody /MediaBox [0 0 612 792] /K 194 0 R /P 8 0 R /P 51 0 R Washington, DC. /Pg 235 0 R /CropBox [0 0 612 792] >> /P 345 0 R endobj /S /L >> /P 287 0 R null 47 0 R null null 129 0 R null null null 130 0 R null 239 0 obj /P 50 0 R /K 5 /Rotate 0 >> /StructParents 11 233 0 obj /Pg 248 0 R /P 48 0 R /Lang (EN-US) /K 7 /K 26 endobj 72 0 obj << /K 6 /K 181 0 R << /Type /Page /Lang (EN-US) /MediaBox [0 0 612 792] 373 0 obj >> >> >> endobj Fear a Culture of Fear. /Lang (EN-US) endobj 70 0 obj endobj /Lang (EN-US) /K 1 342 0 obj /Lang (EN-US) << endobj /Lang (EN-US) endobj >> /S /P /S /P x+ | /Annots [] /K 2 186 0 obj endobj Assistant U.S. /S /LI /Pg 241 0 R /P 8 0 R /P 363 0 R /S /LBody /P 48 0 R << << /S /LBody /K 191 0 R /S /P << In his book Bad Blood, John Carreyrou documented accounts describing Elizabeth Holmes unwillingness to revise the original micro-Lab specs and her reported tendency to shut off whoever tried to provide realistic feedback or solutions to the technical problems Theranos was facing. << /K 128 0 R

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