theranos mission statement

/S /LI 236 0 obj /S /LBody /P 171 0 R /Pg 242 0 R endobj endobj /Lang (EN-US) /P 8 0 R endobj 292 0 obj Theranos is a now-defunct healthcare technology startup founded by disgraced Stanford drop-out Elizabeth Holmes . /K 120 0 R endobj /Parent 5 0 R /K 219 0 R endobj /P 309 0 R /K 9 350 0 obj Holmes fostered a culture of fear because it served her needs. /Lang (EN-US) Connor Radnovich/The Chronicle. /P 8 0 R >> /P 55 0 R 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. /S /LBody /S /LBody << /K [10 392 0 R] <> /S /P endobj /Annots [] >> /CropBox [0 0 612 792] /MCID 2 The Company's clinical laboratory offers comprehensive laboratory tests. /S /LBody /P 8 0 R /Pg 235 0 R Government inspectors who arrived at Theranos in response to Cheungs letter found conditions similar to those in the complaint. /Lang (EN-US) /S /LI 239 0 obj endobj Since this form of unethical behavior may lack the pangs of guilt and/or shame that generally provide people with a certain amount of self-restraint and hesitation, it can be difficult for others to suspect any bad conduct. /Pg 241 0 R /P 267 0 R /Pg 248 0 R /Footnote /Note /S /P /Lang (EN-US) /S /LBody /Lang (EN-US) << 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. endobj The defendants nevertheless used interstate electronic wires to purchase advertisements intended to induce individuals to purchase Theranos blood tests at Walgreens stores in California and Arizona. 214 0 obj /P 325 0 R /K 134 0 R /Tabs /S << >> endobj /K 5 null 49 0 R null null 157 0 R null null] endobj endobj >> /Pg 246 0 R /P 282 0 R /P 304 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. /Pg 248 0 R 3553. << << Instead, a vision made boundless by its sharp divide from reality and its extraordinarily narrow goals ended up only perpetuating a state of motivated blindness. /Pg 255 0 R /P 8 0 R Using a "nanotainer" (a small device designed to draw, retain, and analyze a . 103 0 obj /S /LI endobj >> << /K 180 0 R 2018-03-14T09:02:10-07:00 237 0 obj null null 225 0 R null null null 226 0 R null null null THERANOS FOUNDER ELIZABETH HOLMES IN COURT; ANATOMY OF A FRAUD. /ParentTree 9 0 R /S /P endobj endobj >> /Lang (EN-US) 304 0 obj Holmes said in the recent court filing, she had planned to attend a wedding of close friends in Mexico and theticket was canceled immediately when the governmentraised the issue. << /K 2 270 0 obj /P 55 0 R /K 14 /S /LBody /S /LBody /MCID 2 /S /LI /K 6 >> /Pg 235 0 R /S /LBody /Lang (EN-US) Its unclear whether Theranos rise and fall will turn out to be a dazzling mirage of would-be business greatness, one of the most infamous stories of corporate fraud in the 21st century, or, an ironic reminder of the inescapable weakness of biased decision-making. 367 0 obj /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 >> endobj <> << Creating something new is about breaking the status quo. 315 0 obj Theranos is headquartered in Palo Alto, CA. Theranos Inc. (/ r. 123 0 R null null null 124 0 R null null] >> /S /LI /Parent 14 0 R /K 223 0 R << 240 0 obj Starbucks: Inspire and nurture the human spirit - one person, one cup and one neighborhood at a time. /Lang (EN-US) /Lang (DE-DE) /P 3 0 R /P 63 0 R /K 233 0 R /Pg 235 0 R /S /LI 115 0 obj /Type /MCR /Resources 436 0 R 24 0 obj /K [331 0 R 332 0 R 333 0 R 334 0 R 335 0 R 336 0 R 337 0 R 338 0 R 339 0 R 340 0 R /K 165 0 R << << /K 10 >> << 342 0 obj /P 51 0 R /S /LBody 192 0 obj ", EX-THERANOS CEO ELIZABETH HOLMES PROVIDING OWN DEFENSE IN CIVIL SUIT: REPORT. /K 36 /P 51 0 R Holmes, 34, of Los Altos Hills, Calif., founded Theranos in 2003. /Pg 237 0 R << /Lang (EN-US) /K 162 0 R /CropBox [0 0 612 792] /P 338 0 R /S /P endobj >> /S /P /S /LBody /K 12 /K 188 0 R >> endobj >> endobj >> /S /P endobj /MediaBox [0 0 612 792] Theranos Mission Statement. /MediaBox [0 0 612 792] /K 154 0 R 48 0 obj /Lang (EN-US) endobj Theranos Inc. founder Elizabeth Holmes was criminally charged in June 2018 with defrauding investors following the collapse of her blood-testing startup. The two pleaded not guilty to wire fraud and conspiracy to commit wire fraud. << endobj 36 0 obj << >> /K 147 0 R >> /P 354 0 R /Type /Catalog /CropBox [0 0 612 792] /Rotate 0 >> << endobj endobj /S /P . >> /Pg 255 0 R 353 0 obj /Pg 256 0 R /Pg 256 0 R /S /LI /P 355 0 R 81 0 obj 178 0 obj Here are three culture takeaways from the Theranos scandal that are relevant to all leaders and employees. endobj /S /LI /S /P 2018-03-14T08:41:27-07:00 << endobj Most of the tests that Theranos was performing for clients were done on devices made by other companies, Cheung testified. /Lang (EN-US) endobj /Pg 245 0 R endobj >> 170 0 obj /K 23 >> 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". <> /P 8 0 R Zippia gives an in-depth look into the details of Theranos, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Theranos. >> endobj /Lang (EN-US) >> << >> /K 14 /CropBox [0 0 612 792] /P 40 0 R /K 18 endobj D:20180314151216 1343. << /K 161 0 R endobj /P 8 0 R /Pg 239 0 R >> /Count 5 /P 50 0 R /P 380 0 R /S /LBody 60 0 obj /Annots [] /S /LI endobj /Rotate 0 >> 184 0 obj 317 0 obj >> endobj /Lang (EN-US) /P 352 0 R /Artifact /P /K 202 0 R /Lang (EN-US) >> << >> /S /LI >> /P 51 0 R 147 0 obj /Type /MCR >> /Lang (EN-US) 307 0 obj /S /LBody << /K 214 0 R /Rotate 0 87 0 obj /Lang (EN-US) We searched far and wide for the best company mission statement examples. /K [26 384 0 R] endobj /P 8 0 R /Pg 235 0 R << /P 300 0 R /Parent 12 0 R /K 7 << endobj /K 10 << << /K 47 /StructParents 19 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 "I was taken with the idea . << /MediaBox [0 0 612 792] /Placement /Block Many of those statements were outright falsehoods or, more charitably, danced around the truth. /Rotate 0 /S /L >> /K 22 Companies in Silicon Valley are wonderfully fond of describing themselves as "mission-driven.". 141 0 obj >> /S /P >> /K 199 0 R /Lang (EN-US) 311 0 obj endobj "Sunny Balwani did not start Theranos," said the lawyer . /S /LI /P 46 0 R /Contents [497 0 R 498 0 R 499 0 R] I write about culture, leadership and ethics in business and work. << endobj 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. /Lang (EN-US) /S /LBody endobj /Parent 11 0 R /P 369 0 R /P 51 0 R 110 0 obj /Tabs /S 201 0 R null null null 202 0 R null null null 203 0 R null /Rotate 0 /S /P << << << /K 173 0 R /S /LI /K 187 0 R /Pg 251 0 R /P 50 0 R Learn about working at Theranos from employee reviews and detailed data on culture, salaries, demographics, management, financial, and more. /K 118 0 R /S /LI /K 148 0 R /P 8 0 R 299 0 obj 2 [null null 119 0 R null null null 120 0 R null null 41 0 R /Lang (EN-US) << 151 0 obj << /P 339 0 R It was not only motivated blindness that may have triggered the slippery slope of unethical conduct at Theranos. /Pg 257 0 R /S /LI /S /P /S /LI 230 0 obj /P 389 0 R /S /LBody /Pg 242 0 R And the company's downfall later became the focus of an HBO documentary, "The Inventor: Out for Blood in Silicon Valley. /P 373 0 R /S /LI SAN JOSE - A federal grand jury has indicted Elizabeth A. Holmes and Ramesh Sunny Balwani, announced Acting United States Attorney Alex G. Tse, Federal Bureau of Investigation (FBI) Special Agent in Charge John F. Bennett; Food and Drug Administration (FDA) Commissioner Scott Gottlieb; and U.S. 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 . 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. 14 0 obj /P 59 0 R 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. >> 138 0 obj /Type /Page >> /K 18 /K 11 /MediaBox [0 0 612 792] In the end, the innovations Theranos was after were not only meant for its own success but to secure a better future for millions of people. /S /LBody /Resources 416 0 R >> A mission that reads more like a fact sheet than something that explains a company's reason for existing won't be effective. /P 366 0 R /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. /Lang (EN-US) /P 50 0 R << /Type /Metadata 219 0 obj >> /Tabs /S >> /Type /Page >> /S /LI /P 50 0 R endobj endobj /MarkInfo 2 0 R /Lang (EN-US) >> /Type /Page /StructParents 20 >> /S /LBody 18 0 obj 221 0 obj 23 0 obj << >> >> 187 0 obj 1349, and nine counts of wire fraud, in violation of 18 U.S.C. endobj >> 1. << endobj 68 0 obj 5 [null null 137 0 R null null null 138 0 R null null null /P 342 0 R Theranos was a blood testing company based in Palo Alto and Newark, Calif. Holmes used a combination of direct communications, marketing materials, statements to the media, financial statements . /S /P /Lang (EN-US) /MediaBox [0 0 612 792] null null 183 0 R null null null 184 0 R null null null >> >> HUMo@W~{-E$U i~ q&1KNwf{f(=7E GGY,kf~ _i^04V0[398o%dg2vWvuD`aiqeso"! /S /P /Lang (EN-US) /K 171 0 R endobj /Underline /Span Avoid simply listing what your company does and shift your focus to the bigger picture: what guides your company strategy and inspires your workforce. Mission Statement. /S /LI <> /K 6 << /K 151 0 R /P 48 0 R 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. endobj /K 185 0 R /S /LBody Theranos CEO Elizabeth Holmes on her company and the landscape of U.S. diagnostic-lab industry. >> /Lang (EN-US) /K 220 0 R >> Theranos was a privately held healthcare technology company founded by then 19-year-old Elizabeth Holmes in 2003. /S /LBody >> According to the indictment, the defendants also allegedly made numerous misrepresentations to potential investors about Theranoss financial condition and its future prospects. John Carreyrou writes the story of a gifted 19-year-old who founded a health . << << /K 14 /Lang (EN-US) /K 140 0 R /K 119 0 R >> /S /LBody << endobj /Lang (EN-US) /P 374 0 R << Balwani . /K 2 333 0 obj endobj Initially she funded Real-Time Cures with her co. Holmes, Balwani, and Theranos also made false or misleading statements to investors about many aspects of Theranos' business, including the capabilities of its proprietary endobj /Pg 243 0 R >> 56 0 obj /Lang (EN-US) /Lang (EN-US) 101 0 obj The data presented on this page does not represent the view of Theranos and its employees or that of Zippia. /P 63 0 R endobj /Pg 256 0 R /Pg 245 0 R >> endobj /Lang (EN-US) >> /K 204 0 R /Lang (EN-US) /K 6 /CropBox [0 0 612 792] /CropBox [0 0 612 792] /Annots [] 312 0 obj endobj /Annots [] /Lang (EN-US) >> endobj /S /LI /Lang (EN-US) << /K 6 /K 6 143 0 obj endobj >> /S /LBody >> /K [15 0 R 16 0 R 17 0 R 18 0 R 19 0 R 20 0 R 21 0 R 22 0 R 23 0 R 24 0 R /P 40 0 R 16 0 obj /P 8 0 R 283 0 obj 247 0 obj 119 0 obj << << /S /P by Elizabeth Holmes. /P 51 0 R 375 0 obj /P 8 0 R 45 0 obj /S /L Cultivating a boundless vision until the very end completely untethered from the status quo, rules, requirements and the demands of the here and now Holmes and Theranos were on a special kind of journey. The University recognizes the importance of its location in New York City and . /S /LI /S /LI /S /LI 380 0 obj << endobj /P 8 0 R /K 208 0 R << << /Pg 254 0 R /Contents [465 0 R 466 0 R 467 0 R] /K 135 0 R /K 126 0 R endobj /S /LI endobj 285 0 obj >> 378 0 obj Elizabeth Holmes, the infamous biotech chief executive who promised to revolutionize blood testing, has been found guilty of fraud. endobj /P 8 0 R << << /Lang (EN-US) null null 191 0 R null null null 192 0 R null null] 167 0 obj << /MCID 2 /StructParents 22 << /K 221 0 R /Metadata 4 0 R 338 0 obj /P 48 0 R /P 296 0 R /P 48 0 R /K 164 0 R endobj >> /S /P 176 0 obj /K 24 /S /LBody Theranos' mission is to make actionable health information accessible to people everywhere in the world at the time it matters, enabling early detection and intervention of disease. << 255 0 obj >> /Lang (EN-US) >> endobj /Pg 258 0 R << endobj << stream /P 48 0 R /CropBox [0 0 612 792] >> << endobj In fact, those challenges dwarfed in relation to the potential benefits of the vision the tech company eagerly shared with those with whom it wished to partner. >> endobj endobj /S /LBody /S /L Further, defendants allegedly represented to investors that Theranos had a profitable and revenue-generating business relationship with the United States Department of Defense and that Theranoss technology had deployed to the battlefield when, in truth, Theranos had limited revenue from military contracts and its technology was not deployed in the battlefield. 2018-03-14T09:02:10-07:00 endobj /P 48 0 R >> <> /Rotate 0 stream 203 0 obj The mission statement of Theranos is stated as, "To make actionable information accessible to everyone at the time that it matters". /Pg 245 0 R /S /LBody << /S /LI /S /LI 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. << << . /Lang (EN-US) << /K 127 0 R << endobj /K 8 0 R << /Lang (EN-US) /Rotate 0 /P 372 0 R << >> 145 0 obj /Tabs /S /S /LBody >> >> >> 231 0 obj 370 0 obj /P 55 0 R /S /LI 65 0 obj >> endobj /Annots [] /S /LI endobj endobj endobj /Pg 235 0 R /P 50 0 R 100 0 obj Holmes will head to trial starting Aug. 4, and Balwani will be tried afterthe conclusion of Holmes case, Bloomberg reported. null] >> endobj /S /LBody /P 346 0 R /Lang (EN-US) >> /Pg 235 0 R /S /LBody 371 0 obj /K 14 /Pg 235 0 R /K [349 0 R 350 0 R 351 0 R 352 0 R 353 0 R] /S /LBody << 345 0 obj /Parent 11 0 R /K 26 /Pg 251 0 R /P 381 0 R /K 32 << >> /Pg 258 0 R endobj /K 21 /Pg 239 0 R /P 379 0 R << The mission statement conveys no values such as honesty, transparency, or integrity. >> << endobj /Contents [481 0 R 482 0 R 483 0 R] endobj >> 191 0 obj /K 9 << /K 6 /P 8 0 R <> /Lang (EN-US) 15 [null null 192 0 R null null null 193 0 R null null null /Lang (EN-US) << /Lang (EN-US) /S /LI << 118 0 obj /Pg 248 0 R /Parent 12 0 R Theranos was a private health care company, with a mission to revolutionize lab testing through innovative methods for drawing blood, testing blood, and interpreting resulting patient data. /P 306 0 R /K 17 /Type /MCR The once-lauded businesswoman ultimately stepped down from the company, which announced in Sept. 2018 it would be closing. /S /LI /K 33 /Pg 253 0 R /K 6 >> endobj /K 218 0 R >> << endobj << /K 122 0 R /P 291 0 R According to the March 2018 statement from the SEC, Theranos, . /P 380 0 R /P 303 0 R There is no try', stolen from . /S /LBody endobj >> << >> endobj /S /LI It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. endobj 235 0 obj Balwani, 53, of Atherton, Calif., was employed at Theranos from September of 2009 through 2016. 228 0 obj endobj 1349, and nine counts of wire fraud, in violation of 18 U.S.C. endobj /Pg 255 0 R /P 272 0 R Instead, Theranos continued to produce mounting losses. /P 8 0 R /K 5 >> /Lang (EN-US) endobj /K 14 >> << /P 290 0 R /K 7 /Annots [] Four Blind Spots at the Core of Theranos' Failure. 206 0 obj /Annots [] << /S /LI /Rotate 0 /K 12 In reality, Theranos couldn't perform more than 12 tests on its Edison devices, former lab . /S /P /K 18 217 0 obj It became evident that audited financial statements hadn't been prepared since 2009. /Type /MCR null null 136 0 R null null null 137 0 R null null] /MediaBox [0 0 612 792] /S /LBody << << /S /LI According to The Associated Press, the Journals investigation marked the beginning of the end of Theranos. << /S /LI endobj << /K 18 /Lang (EN-US) endobj /Lang (EN-US) /K 158 0 R /K 19 /P 297 0 R << /K 6 >> 368 0 obj << /Resources 480 0 R endobj Cheungs testimony continues today. /K 10 /P 55 0 R /Resources 452 0 R /Pg 238 0 R /S /LBody 261 0 obj >> /P 8 0 R /Annots [] /S /LI /Lang (EN-US) /Pg 242 0 R endobj endobj endobj /Lang (EN-US) /S /LI 132 0 obj 54 0 obj endobj 397 0 obj Claim This Company. << The . 164 0 obj /S /LBody << /P 284 0 R /S /P 341 0 obj /S /LI 62 0 obj 77 0 obj /S /P /K 194 0 R Once a strong believer in Theranos' mission, Mattis testified that he eventually realized the Holmes had misled him with empty promises. We all knew it was coming. 21 [60 0 R 61 0 R 62 0 R null null 229 0 R null null null 230 0 R Both schemes involved efforts to promote Palo Alto, Calif.-based Theranos. >> /Pg 254 0 R /Lang (EN-US) /S /LI endobj Theranos stood as the next big breakthrough innovator in the healthcare industry offering an affirming achievement of the value of human ingenuity. /MediaBox [0 0 612 792] endobj /S /LI 362 0 obj /P 48 0 R 336 0 obj 72 0 obj /Pg 255 0 R /Type /Page endobj /P 344 0 R 26 0 obj /Resources 424 0 R /Kids [235 0 R 236 0 R 237 0 R 238 0 R 239 0 R] 74 0 obj endobj 361 0 obj /Pg 257 0 R /K [30 396 0 R] endobj << /S /LBody /S /L endobj /S /LI /Lang (EN-US) /S /LI /S /P << /K 261 0 R /Lang (EN-US) >> 3480 Washington, DC. such statements undermine confidence . /Lang (EN-US) endobj <> /K 229 0 R /Pg 252 0 R >> Best Companies to Work for in Palo Alto, CA, Best Start-up Companies to Work For in America, Best Health Care Companies to Work For in California, Best Start-up Companies to Work For in California, Best Companies to Work For in Palo Alto, CA, Best Health Care Companies to Work For in Palo Alto, CA, Best Start-up Companies to Work For in Palo Alto, CA. 352 0 obj /P 321 0 R However, any sentence following conviction would be imposed by the court after consideration of the U.S. /S /LBody 212 0 obj /Type /Page /K 22 /Pg 237 0 R /S /LI /P 8 0 R /Pg 241 0 R << /Lang (EN-US) >> /S /P endobj 291 0 obj /P 8 0 R /S /LBody /Type /Page <> 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 /P 320 0 R /Lang (EN-US) /S /P endobj /Pg 235 0 R /Pg 240 0 R endobj endobj /MediaBox [0 0 612 792] /P 34 0 R endobj /Type /Page endobj 1. endobj /K 21 >> endobj /Pg 255 0 R Legal Statement. << /Lang (EN-US) /Lang (EN-US) << /Lang (EN-US) 354 0 obj 266 0 obj /Lang (EN-US) /P 283 0 R >> 16 [null null 199 0 R null null null 200 0 R null null null 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. Elizabeth Holmes finished testifying in wire fraud trial. << << << Based in Palo Alto, CA, Theranos is a small health care company with only 100 employees and an annual revenue of $55.3M. >> /K 170 0 R /K 227 0 R endobj 322 0 obj /Contents [485 0 R 486 0 R 487 0 R] /P 33 0 R /S /LBody /Lang (EN-US) . 129 0 obj /P 262 0 R endobj . /Lang (EN-US) /Parent 5 0 R /Pg 256 0 R endobj >> /K 49 << The prosecution is the result of an investigation by the FDA Office of Criminal Investigations, the FBI, and the US Postal Inspection Service. 277 0 obj endobj /Author () /Parent 13 0 R >> endobj 279 0 obj 330 0 obj endobj endobj /S /P /S /Sect /Parent 14 0 R endobj /Pg 244 0 R >> /Lang (EN-US) 105 0 R 106 0 R 107 0 R 108 0 R 109 0 R 35 0 R 36 0 R 37 0 R 38 0 R null The company's stated mission was to "revolutionize medical laboratory testing," according to the Department of Justice. /Pg 239 0 R /Count 24 endobj /P 55 0 R null null 131 0 R null null] /S /LBody /Lang (EN-US) endobj endobj /Annots [] 64 0 obj /Lang (EN-US) /Pg 258 0 R /S /L /Contents [417 0 R 418 0 R 419 0 R] 53 0 obj /S /P /P 8 0 R Holmes rocketed to Silicon Valley stardom nearly a decade ago when she started speaking publicly about Theranos's vision a small . /K 0 /K 184 0 R /Resources 496 0 R /Kids [11 0 R 12 0 R 13 0 R 14 0 R] /K 124 0 R 153 0 obj endobj /Pg 248 0 R << 6 0 obj /Pg 239 0 R /K 6 endobj >> /P 335 0 R endobj /P 48 0 R /P 263 0 R 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.".

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theranos mission statement

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