theranos mission statement

/Lang (EN-US) null 49 0 R null null 157 0 R null null] /K 11 A mission that reads more like a fact sheet than something that explains a company's reason for existing won't be effective. /K 21 /K 124 0 R endobj endobj /K [105 0 R 106 0 R 107 0 R 108 0 R 109 0 R] /S /P endobj /Pg 256 0 R endobj /Pg 256 0 R /Pg 235 0 R /K 12 >> /Pg 255 0 R /S /LBody Investors large and small from around the world are attracted to Silicon Valley by its track record, its talent, and its promise. 223 0 obj >> << /K 6 << 146 0 obj /S /P >> /Lang (EN-US) >> >> >> $12,600 to the Democratic Party. /Lang (EN-US) /K [268 0 R 269 0 R 270 0 R 271 0 R 272 0 R] 137 0 obj /K 200 0 R >> /Annotation /Span /P 55 0 R /Pg 258 0 R << /Lang (EN-US) 312 0 obj /Lang (EN-US) endobj If convicted, the defendants face a maximum sentence of twenty (20) years in prison, and a fine of $250,000, plus restitution, for each count of wire fraud and for each conspiracy count. endobj >> /K 199 0 R << The company grew to be worth more than $9 billion, employing more than800 employees attracting investors such asLarry Ellison, founder of Oracle; Rupert Murdoch, billionaire media mogul; and the Walton family, who founded Walmart. /Lang (EN-US) /S /LBody ] endobj << 225 0 obj /Type /Page endobj endobj << /Pg 254 0 R << /P 55 0 R /Parent 11 0 R /P 380 0 R !xRnE1$g9`8\\5g1^"z+. endobj /CropBox [0 0 612 792] >> /Artifact /P << /Parent 14 0 R >> >> 347 0 obj /S /LI /P 42 0 R /Pg 256 0 R 305 0 obj /Pg 251 0 R /S /LI /K 9 << << /K 30 /P 8 0 R x+ | . /Pg 253 0 R << /K 115 0 R /Lang (EN-US) /P 55 0 R endobj << /Lang (EN-US) 311 0 obj << /Parent 14 0 R >> /P 48 0 R endobj 5 [null null 137 0 R null null null 138 0 R null null null Ms. Holmes's lawyers have said the entrepreneur dedicated 15 years to Theranos's mission and her only crime was having a startup that failed, as so many do /S /LI >> /K 10 The employees at Morgan Stanley earn an average yearly salary of $103,933 per year, and the salaries at National Journal average $73,533 per year. /Lang (EN-US) A sign outside of the headquarters of Theranos in Palo Alto, California on January 24, 2016. >> >> >> /P 8 0 R >> << /Resources 496 0 R 111 0 obj 191 0 obj The defendants also represented that the analyzer could produce results that were more accurate and reliable than those yielded by conventional methodsall at a faster speed than previously possible. /Tabs /S 56 0 obj << /S /LBody >> 345 0 obj /Pg 238 0 R << << 47 0 obj /K [26 384 0 R] endobj /Type /Page << endobj /Type /Page /K 231 0 R 211 0 R null null null 212 0 R null null null 213 0 R null /K 33 /P 310 0 R >> 272 0 obj /S /LI /Lang (EN-US) 124 0 obj /K [368 0 R 369 0 R 370 0 R 371 0 R 372 0 R 373 0 R] /Parent 12 0 R /S /LI /K 147 0 R /K 393 0 R 164 0 obj << >> << 314 0 obj 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 . /P 8 0 R emblazoned in block capitals in the Theranos lobby, was 'Do or do not. Starbucks: Inspire and nurture the human spirit - one person, one cup and one neighborhood at a time. endobj endobj /K 149 0 R /S /LI 321 0 obj 351 0 obj /K 10 << endobj /K 176 0 R /MediaBox [0 0 612 792] Entrepreneurship lives in the realm of threading between the present and the future. /Pg 235 0 R /Contents [409 0 R 410 0 R 411 0 R] endobj endobj /S /LBody 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. /Lang (EN-US) endobj /K 132 0 R /Lang (EN-US) /P 326 0 R /P 299 0 R endobj According to the March 2018 statement from the SEC, Theranos, . Prosecutors Call Theranos Ex-CEO Elizabeth Holmes A Liar And A Cheat As Trial Opens Defense lawyers say Holmes believed the company could screen for hundreds of diseases with just a finger prick . 288 0 obj Moreover, Theranos and Holmes made "false and misleading statements" in press accounts to bolster the startup's profile. /P 48 0 R << 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. /S /P 81 0 obj >> >> /Lang (EN-US) /K 6 /P 263 0 R >> /Pg 249 0 R 385 0 obj << We just didn't know what new form it would take. endobj /K 2 >> /S /P /P 351 0 R /S /LI /Lang (EN-US) endobj << /Pg 256 0 R >> >> << /P 325 0 R 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 16 endobj << >> << /K 219 0 R 19 0 obj << /S /P /P 8 0 R endobj /S /LI Elizabeth Holmes speaks on stage at the Glamour Women of the Year Awards where she receives an award, in New York, NY on Nov. 9, 2015. endobj 79 0 obj 324 0 R 325 0 R 326 0 R 327 0 R 328 0 R 329 0 R 330 0 R] /P 337 0 R /P 285 0 R /S /LI /S /P /Type /MCR endobj /K 157 0 R endobj endobj /K 230 0 R >> /Lang (EN-US) endobj Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. /Lang (EN-US) << /K 7 /Lang (EN-US) 189 0 obj /S /P << /Pg 242 0 R endobj As company founder Elizabeth Holmes is sentenced to over eleven years in prison and TV adaptation The Dropout earns star Amanda Seyfried an Emmy, we reveal everything you need to know about the Theranos controversy. /Parent 11 0 R /K 22 /Pg 245 0 R /P 50 0 R /K 25 >> 6 0 obj The indictment describes a number of schemes that defendants allegedly employed to mislead investors, doctors, and patients. /K 6 /P 50 0 R endobj 85 0 obj << << /Lang (EN-US) Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. << /Lang (EN-US) /Contents [473 0 R 474 0 R 475 0 R] /P 50 0 R /Annots [] He . endobj << endobj >> >> /Pg 235 0 R /Lang (EN-US) /Lang (EN-US) >> /Parent 14 0 R /Pg 249 0 R 73 0 obj /K 18 >> /K [24 387 0 R] Researchshows that unethical conduct is more likely when people are tempted with the opportunity to cheat on behalf of a good cause, and that cheaters may feel more at ease with their own behavior if they cheat on behalf of the common good. /P 50 0 R /Lang (EN-US) >> /K 169 0 R << /Lang (EN-US) 133 0 R null null null 134 0 R null null null 135 0 R null endobj >> We searched far and wide for the best company mission statement examples. /CropBox [0 0 612 792] endobj /S /P /K 18 /S /P << endobj While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. /S /LBody /P 294 0 R /S /P endobj /Lang (EN-US) /K 14 263 0 obj CNN . /K 14 114 0 obj /MediaBox [0 0 612 792] null null 131 0 R null null] /S /LI /S /LI /Parent 11 0 R >> /P 33 0 R According to the indictment, Holmes and Balwani used advertisements and solicitations to encourage and induce doctors and patients to use Theranoss blood testing laboratory services, even though the defendants knew Theranos was not capable of consistently producing accurate and reliable results for certain blood tests. /P 318 0 R /K 10 Tim De Chant endobj U.S. Attorneys Office Holmes was found guilty on four felony fraud counts associated with a loss to victims of at least $120 million. >> /P 42 0 R 265 0 obj /Lang (EN-US) 11 0 obj 214 0 obj Holmes, Balwani, and Theranos also made false or misleading statements to investors about many aspects of Theranos' business, including the capabilities of its proprietary >> << /P 330 0 R /Lang (EN-US) endobj endobj << >> /P 338 0 R The defendants are charged with two counts of conspiracy to commit wire fraud and nine counts of wire fraud. >> endobj /S /P 395 0 obj /Lang (EN-US) 180 0 obj /K 171 0 R Both schemes involved efforts to promote Palo Alto, Calif.-based Theranos. null null 121 0 R null null null 122 0 R null null null /K 14 /K 12 286 0 obj >> >> endobj /S /LI 280 0 obj /K 15 198 0 obj << << >> 1349, and nine counts of wire fraud, in violation of 18 U.S.C. >> /Lang (EN-US) 297 0 obj /MCID 2 /Pg 242 0 R /Lang (EN-US) >> << 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. /SourceModified (D:20180314151216) /Annots [] According to the indictment returned yesterday and unsealed today, the charges stem from allegations Holmes and Balwani engaged in a multi-million dollar scheme to defraud investors, and a separate scheme to defraud doctors and patients. 273 0 obj /S /P 253 0 obj Columbia University is one of the world's most important centers of research and at the same time a distinctive and distinguished learning environment for undergraduates and graduate students in many scholarly and professional fields. /MCID 2 /K 18 /Parent 13 0 R /K 7 endstream /P 50 0 R -Theranos is now worth $9 billion dollars; Holmes currently owns about half the company-Forbes named her one of the youngest female self-made billionaire before the age of 30. . 356 0 obj /P 275 0 R << /K 118 0 R endobj >> /P 51 0 R endobj endobj endobj This conspiracy misled doctors and patients about the reliability of medical tests that endangered health and lives.. 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. /Pg 237 0 R /S /LI Nov 16, 2021, 6:17 PM PST. Holmes dropped out of Stanford University at 19 to start the medical diagnostics company in 2003. >> /K 10 What's everyone talking about? /S /LBody endobj >> /Pg 255 0 R /K [304 0 R 305 0 R 306 0 R 307 0 R 308 0 R 309 0 R 310 0 R 311 0 R 312 0 R 313 0 R /Pg 248 0 R 229 0 obj /Lang (EN-US) endobj >> << /S /P /Pg 235 0 R endobj /P 8 0 R Companies in Silicon Valley are wonderfully fond of describing themselves as "mission-driven.". It claims its technology can work with just a finger prick. 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. >> /Length 502 0 R >> /K 0 endobj /P 350 0 R >> Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". >> Theranos wanted to make detailed blood sample analysts accessible to all doctors in a timely manner. Instead, Theranos continued to produce mounting losses. /Pg 235 0 R 241 0 obj 4 [null null 131 0 R null null null 132 0 R null null null /Type /Catalog /Parent 14 0 R << 375 0 obj endobj /Lang (EN-US) 18 0 obj endobj 324 0 obj >> >> 123 0 R null null null 124 0 R null null] /P 8 0 R /P 347 0 R << /P 50 0 R >> 75 0 R 76 0 R 77 0 R 78 0 R 79 0 R 80 0 R 81 0 R 82 0 R 83 0 R 84 0 R endobj 348 0 obj /Pg 239 0 R 49 0 obj /P 355 0 R /K 186 0 R A young (age-defying), pure-looking (evil-defying), masculine-sounding (stereotype-defying) female CEO speaking about Theranos unfulfilled feats in the present or past present tense, Holmes proposition was so enticing that she was able to assemble one of the most impressive boards in corporate America. /K 130 0 R /S /P /K 175 0 R 232 0 obj /P 393 0 R With OUR MISSION listen to our readers and cover the topics that matter to them . << >> /Lang (EN-US) /S /LBody /Lang (EN-US) She had a strong sense of conviction to her mission., Cheung quit after seven months on the job and filed a whistleblower complaint with the Centers for Medicare and Medicaid Services, alleging that the company used expired lab supplies for tests run on its proprietary Edison testing devices, which themselves had major stability, precision, and accuracy problems., I was uncomfortable processing patient samples, she said.