Women CEOs, never never never!
Theranos was under investigation by the Securities and Exchange Commission, the Department of Justice, and the Federal Bureau of Investigation. It had been sued by investors. Walgreens, its largest partner, terminated the relationship and shut down 40 testing sites. Forbes, which once estimated Holmes’s wealth at $4.5 billion, wrote it down to zero. The young founder, who was once compared to Steve Jobs, had recently been dubbed a “millennial Madoff” by the New York Post. According to two former executives at the company, Theranos had as many as nine different law firms on retainer, including the formidable Boies Schiller Flexner, to handle the mess—what appeared to be the end of a long, labored, highly visible, and heinous corporate death march.
[]
But Holmes had other ideas. Despite the chaos, she believed that Theranos could still be saved, and she had an unconventional plan for redemption. That September, according to the two former executives, Holmes asked her security detail and one of her drivers to escort her to the airport in her designated black Cadillac Escalade. She flew first class across the country and was subsequently chauffeured to a dog breeder who supplied her with a 9-week-old Siberian husky. The puppy had long white paws, and a grey and black body. Holmes had already picked out a name: Balto.
She bought a fucking corporate dog to save the company. Jesus.
(post is archived)