Elizabeth Holmes And Theranos - What her investors can teach us about greed

Holmes was associated with many powerful and well-connected individuals who supported her. The 12-member Theranos board included former Secretary of State Henry Kissinger, former Secretary of Defense William Perry, former Secretary of State George Shultz, former Senators Sam Nunn and Bill Frist, former Navy Admiral Gary Roughead, former Marine Corps General James Mattis, and former CEOs Dick Kovacevich of Wells Fargo and Riley Bechtel of Bechtel. Her high-profile private investors included media-mogul Rupert Murdoch, President Trump's Secretary of Education Betsy DeVos, Walmart's Walton family, the billionaire Cox family of Cox Enterprises and Mexican billionaire Carlos Slim, all of whom lost tens to hundreds of millions of dollars each when the company folded. Holmes was a supporter of Hillary Clinton during her 2016 run for president, and was on friendly terms with her daughter Chelsea Clinton.

In some cases she had personal friendships. She often attended parties at George Shultz's house as a family friend.Shultz's grandson Tyler Shultz, a recent college graduate, landed his first job at Theranos. Tyler was one of the whistleblowers who spoke to WSJ investigative reporter John Carreyrou about corruption in the company. On learning this, Holmes threatened through her lawyer David Boies to sue the Shultz family and bankrupt them if his grandson continued to talk. George Shultz stayed loyal to Holmes and demanded his grandson cease talking to the Wall Street Journal.


 Theranos was valued at $9 billion with more than $400 million in venture capital.

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