Bad Blood Book

From the Slope of Hope: 

At the risk of getting all Holden Caulfield-y on you, I really hate phony. Anything fake or phony drives me to distraction. Dyed hair. Insincere compliments. Ulterior motives. Plastic surgery. Anyone or anything constructing a facade just rubs me the wrong way.

And that is the principal reason I have written so many posts about Theranos (this is my eleventh one) even though it was never a public company and there's nothing to chart about it. Some have even wondered out loud if I'm obsessed with Elizabeth Holmes. Far from it. First off, take my word for it, she isn't my type, and secondly, I don't get all tingly about baritone-voiced business criminals. Never been a turn-on. Honest.

I was prompted to write this post since John Carreyrou's book Bad Blood is coming out next month. John is the multiple Pulitzer Prize-winning journalist who brought down the company through his thorough, diligent investigative reporting, and scumbug Holmes (while Theranos still had hundreds of employees) led her entire organization into a cheer "Fuck Carreyrou! Fuck Carreyrou!" over and over again when his story hit the stands. A shameless charlatan like Elizabeth Holmes is naturally going to lead her followers with such Nuremberg-style rallies in order to counteract the forces of the truth.

In case by some chance you missed my first ten posts about Theranos, here's a blurb about the book which will help catch you up:

The full inside story of the breathtaking rise and shocking collapse of Theranos, the multibillion-dollar biotech startup, by the prize-winning journalist who first broke the story and pursued it to the end, despite pressure from its charismatic CEO and threats by her lawyers.

In 2014, Theranos founder and CEO Elizabeth Holmes was widely seen as the female Steve Jobs: a brilliant Stanford dropout whose startup "unicorn" promised to revolutionize the medical industry with a machine that would make blood testing significantly faster and easier. Backed by investors such as Larry Ellison and Tim Draper, Theranos sold shares in a fundraising round that valued the company at more than $9 billion, putting Holmes's worth at an estimated $4.7 billion. There was just one problem: The technology didn't work.

A riveting story of the biggest corporate fraud since Enron, a tale of ambition and hubris set amid the bold promises of Silicon Valley.

The book isn't out yet, but a handful of folks have advance copies, and here are a few tidbits that are reportedly in it:

+ Elizabeth Holmes was 19 when she started the company, and in the early days of the company, she and her partner in crime Ramesh "Sunny" Balwani were - - what's the euphemism these days? - - oh, yeah, "dating". I don't want to imagine these two in coitus, particularly since he was more than double her age. Yuck.

+ One employee took the time and trouble to create a Space Invaders-like arcade game in which Mr. Carreyrou was the object to be destroyed. This shows the twisted mentality of the salaried employees in the organization although, let's face it, this was the ONE working product that emerged from the $700 million invested into this fiasco.

+ According to StatNews.com, in the book it reveals for the first time: "Carreyrou describes a surreal scene from 2006, in which the company’s first chief financial officer learned that Theranos had deceived Novartis executives in demonstrating its technology at a pitch meeting in Switzerland. The trick: Because the blood-testing system was inconsistent in generating results, Theranos staffers had recorded a result from one of the times it worked to display in the demonstration. And when the CFO raised concern about that with Holmes? He was fired on the spot."

+ As Theranos senior executives were trying to scam companies like Novartis into pouring more money into the organization, there is one almost comic scene retold in which Holmes pricked her finger hundreds of times in a hotel room before a key meeting in a clumsy effort to get the faulty technology to actually function.

+ In a shameless example of nepotism, Elizabeth hired her younger brother Christian (oh, the irony........) to join, and he, in turn, got jobs for a bunch of his frat brothers. They were collectively known as the "Therabros", and I suspect their main function at the organization was the enjoy direct deposit of their inflated salaries and make copious use of Friday beer fetes. Below are the lovely siblings at a state dinner at the White House:

Tim Draper, the first investor in the company, defiantly claimed the innocence of Holmes (to this very day, I assume). Last year he went on a media rant about how there was a "conspiracy" to take her down. “Well, they first say: ‘There’s a great woman entrepreneur and she's on the cover of Forbes. Let's see what we can do to take her down,’” Draper explained. So - - umm - - it's basically because she's a woman that the world is so mean to her. I would counter that the fact she's a woman is the ONLY reason she isn't in prison at this very moment. Sort of like - - just to grab an example - - Hillary. Here's an image of the shy, self-effacing Tim Draper, who probably at this very moment is thinking about the importance of opportunities for women-folk in technology.

+ Oh, and going back to my dislike of "fake", the book also reveals that her ridiculously deep voice is an affectation, and that her actual voice is several octaves higher. That makes a lot of sense, because if you've ever seen a video of her speaking, what comes out of her mouth sounds completely alien.

+ There's much, much more, of course, including the tale of the sad, sorry, son of a bitch who killed himself because he couldn't bear the guilty of the fraud any longer. For him, suicide was better than facing the wrath of Elizabeth Holmes.

As for Holmes - - her blonde hair is fake - - her deep voice is fake - - her technology is fake - - it seems the only thing that's real is the $700 million that her unsuspecting investors lost by getting duped in this elaborate scheme.

The fact that Holmes and her much older, umm, "date" Sunny Balwani were able to get away with something so blatant for so long is a combination of (a) bull market mentality, in which people look the other way and (b) the old white men on her board of directors like Henry Kissinger and James Mattis who didn't know shit about blood analysis technology but probably liked staring at Holmes' ass during presentations.

Suffice it to say, although I personally have not been harmed one iota by anything Theranos ever did, I hope Holmes and Balwani both wind up being thrown into prison. And that's all I've got to say about that.

Comments

Richard640 Koba the Dread Sun, 04/15/2018 - 07:12 Permalink

GOOD FOR ELIZABETH HOLMES!! WHY ALL THE VITRIOL FOR HER? CAUSE SHE'S A GAL? CAUSE SHE'S SKANKY LOOKING WITH HER DYED HAIR?

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IS SHE ANY WORSE THAT THE WHITE SHOE-BLUE BLAZER BOYS THAT RUN THE CRIMMINAL ENTERPRISES KNOWN AS JPM--WELLS FARGO OR ALL THE OTHER FINANCIAL INSTITUTIONS THAT HAD TO BE BAILED OUT IN 2008? 700 MILL IS SMALL POTATOES...I LOVE THE STORY!! SLEEPING WITH THAT PUFFY-FACED-POT BELLIED, CREEPY OLDER GENTLEMAN...HAVING TO GIVE HIS SWIZZLE-STICK A HUMMMM-JOB...O THE HUMANITY OF IT ALL-!!!!

In reply to by Koba the Dread

DownWithYogaPants HenryKissinger… Mon, 04/16/2018 - 08:20 Permalink

God dang guys learn how to get laid and this shit won't happen.

Holmes is not cute / sexy enough to merit distraction.  She's the type of girl you'd get a tweak from letting her suck you off in the car, cumming in her hair and dropping her off outside her house. 

Not cute enough to merit 700 million. Jeepers.  At least Trump got laid for his 160 thousand :)

In reply to by HenryKissinger…

Nuclear Winter Sat, 04/14/2018 - 21:29 Permalink

Elizabeth "black turtleneck" Holmes, with the bug-eyed skank and the blood dripping from (t)her-anus is well done. She can stop blowing the old men on her board. It's over, sweetheart.

Richard640 Nuclear Winter Sun, 04/15/2018 - 07:04 Permalink

HMMMMM...I WONDER WHAT DENOMINATION THIS FRAUDSTER  IS? EPISCOPALIAN? METHODIST? CATHOLIC? CLEARLY SHE IS NOT A DIRTY JOO-!! MAYBE HE'S A DIRTY BAPTIST? PROTESTANT? 

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THE ABOVE WAS [not for nuclear Winter]  FOR THE JOO-HATING VERMIN ON THIS SITE-STOP WITH THE JOO-HATING ALREADY--IT'S GETTING BORING--IF U DON'T LIKE WHAT SOMEBODY WRITES OR DOES, JUST CALL HIM OR HER  A NO-GOOD, COCK-SUCKING,  LOW DOWN, WHORE SON ASS-FUCKER...AND LEAVE OFF THE RELIGION...U'LL FEEL BETTER...AND SO WILL THE REST OF US...

In reply to by Nuclear Winter

nmewn DeadFred Sun, 04/15/2018 - 07:46 Permalink

Pretty much...lol.

And for the love of "click bait" international intrigue, nobody has had the opportunity to tie the Deep State raids on Cohen's office, apartment and home to...his $100 million defamation lawsuit against Buzzfeed & Fusion GPS.

But a few of us will endeavor to persevere ;-)

In reply to by DeadFred

Automatic Choke jmack Sun, 04/15/2018 - 04:22 Permalink

I don't disagree..... but your list is all politics.   We EXPECT politicians to lie to us, it is their nature.

The others are thieving lying treacherous scumsucking malodorous predatory loathsome revolting repulsive repugnant vile lizards.... and they aren't very nice either.   Politicians start out as sleazebags.....these folks presented themselves as our kin, thus ensuring that any diety that may or may not exist will expunge them to the putrid depths of agonizing fecal infested eternity.

Oh yeah, forgot one:   Bill Cosby.

In reply to by jmack

divingengineer Enoughalready Mon, 04/16/2018 - 08:44 Permalink

Well, since even I know about the epi-pen debacle it must not be that unknown.

And you’re right, it is a national shame that a lifesaving device that has been in use for so long could be manipulated like that. How many deaths attributable to that little shenanigan? She should answer for the results of her little scheme, and since Medicare/Medicaid no doubt buy the bulk of them, where is the Inspector General on this one?

In reply to by Enoughalready

jmack Automatic Choke Sun, 04/15/2018 - 08:15 Permalink

not all politics , and your excusing politicians like that is exactly the problem.  They should be held to a higher standard, but instead they get the "they all do it pass",  and thus their ranks fill with people that all do it.   It is a self fulfilling prophecy.

 

     If you look at all the most egregious cases, you will always find people that are politically connected.  They will almost always have a whitehouse photo such as Holmes had, if not one in the oval office.   The political connections are part and parcel of what they do, and how they are allowed to get away with it to whatever degree that they do.

 

     

In reply to by Automatic Choke

jmack A Sentinel Sun, 04/15/2018 - 23:41 Permalink

you want some denny hastert love?   how about this lame ass list https://www.ranker.com/list/corrupt-republicans/lstone   I mean compare that list to gain some perspective.   

 

    there are some evil fucking republicans, but the evil ones dont get taken down, they are easily co-opted.  wake the fuck up.

 

     you ignorant fucks dont even understand the game.  Everyone playing the game understands the game, and laughs uproariously at your defense of red team vs blue team, or blue team vs red team.    You ignorant fucks dont even understand the real teams.  every name you see in the media is the washington generals,  everyone you never hear about is the harlem globetrotters.   Everyone that you hear about, but gets off, has something tangible on the harlem globetrotters.    You will never hear about the harlem globetrotters, anyone that may give you a hint, gets dead, somehow.... its all a coincidence, repeatedly.   

 

    Feel free to dismiss that as tinfoil hat talk, in fact, please do, may extend my timeline.... or dont.  I am not holding a gun to your head. Are they holding a nuke to your head? to your children's heads?   its an honest question.

In reply to by A Sentinel

divingengineer A Sentinel Mon, 04/16/2018 - 08:55 Permalink

The government is over represented with psychos.

They are drawn to positions where they can advance based on networking and bullshitting rather than merit and hard work.

Fact, general population 1% psychos, prison population 25% psychos, politics must account for the other 74%. (I know it doesn’t add up like that, don’t get bent)

https://www.livescience.com/16585-psychopaths-speech-language.html

We are learning more and more about psychos.

 

In reply to by A Sentinel

WillyGroper Automatic Choke Sun, 04/15/2018 - 10:17 Permalink

" her deep voice is fake "

uh...fellas

think she wanted to copy the likes of audrey hepburn/jobs?

not only do i think that voice was real, that turtleneck is to cover that madams apple.

take a look at that digit...like michael obonono, more often than not, when that index is shorter than the ring...you gots you a MAN.

https://fortunedotcom.files.wordpress.com/2016/05/gettyimages-493352638.jpg

In reply to by Automatic Choke

Fish Gone Bad Automatic Choke Mon, 04/16/2018 - 20:57 Permalink

Fancy Bear gives a rather large list of all the dirty athletes: https://fancybear.net/

If one takes a look around fancybear.net, all one needs to cheat is a doctor's OK for WADA.  The Williams sisters were using steroids and hydromorphone (Dilaudid™)?  The winning gymnast was allowed to take Ritalin™?  There are too many dirty athletes to list here.

I like Lance Armstrong, he out-cheated the other cheaters. 

In reply to by Automatic Choke

roddy6667 HRH of Aquitaine 2.0 Sat, 04/14/2018 - 23:29 Permalink

You'll want to avoid Thailand. They have three genders. Last year I was a tourist there. I asked our tour guide about the women I observed walking around. I had always pictured Thai women as being short and petite, but I was seeing mostly tall, long-legged young women. He told me those were ladyboys, male-to-female transsexuals. I was with a group of Chinese senior citizens. Definitely something we had not seen before.

In reply to by HRH of Aquitaine 2.0

jmack Sat, 04/14/2018 - 22:08 Permalink

Tim misses the point, somewhat, I mean I hate to berate a guy that is drilling the right zip code, but if he wants to hit pay dirt then he has to state the real fact of the matter.  It was not a "bull market mentality" that enable holmes to metastasize into theranos, and it certainly was not a bunch of old codgers wanting to check out her ass in the board room.  

 

    The fact of the matter is that it is a bull market for females generally, and female entrepreneurs specifically, even more so than female CEO's  of which there is a manic gluttony.    Hillary wants and needs a holmes , hollywood, news media, all these old hedgefund fucks that need to show their young paramours how progressive they are, and thus need to support that hot young thang, all need a holmes, and thus a holmes appears.  Demand and Supply.   She was not supplying a blood testing device, she was supplying a much more fundamental need in the market, the need to be politically progressive for all the other retarded fucks that are impressed by such facades.     It is the difference in a self made man  and a social climber, and in today's america, the social climbers have all the advantages, because self made people are bourgeois simpletons.

 

      This is the fact of the matter. although the fact that she was fucking her way to the top at 19 seems quite relevant to the whole thesis as well.   You have to hand it to her, she did not settle for $500 an hour like most honest whores.