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'The Dropout' Part 3: Former Theranos employees claim toxic work culture

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Archived series ("Inactive feed" status)

When? This feed was archived on October 13, 2021 18:11 (2+ y ago). Last successful fetch was on March 28, 2020 15:21 (4y ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

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Manage episode 229629268 series 2469755
Content provided by ABC News. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by ABC News or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
WATCH THE FULL EPISODE OF 20/20: https://bit.ly/2HCTEUE Some employees say CEO Elizabeth Holmes didn't want to hear criticism or too many questions. "Not a lot of camaraderie. A lot of paranoia," said Justin Maxwell, Theranos' former design director. READ MORE: https://abcn.ws/2AWxmcA Ex-Theranos employees describe culture of secrecy at Elizabeth Holmes' startup: ‘The Dropout’ podcast ep. 1 Not so long ago, Elizabeth Holmes was Silicon Valley’s rising star. Like so many of the most successful entrepreneurs before her, she dropped out of college to start a company. But unlike many others, her startup would go on to be valued at almost $10 billion making her the world’s youngest self-made female billionaire. The company was called Theranos, a combination of the words “therapy” and “diagnosis.” It was praised for being revolutionary and for creating a breakthrough that would change the medical industry forever. Her board of directors was a who’s who of government heavyweights that at a time included former Secretaries of State George Shultz and Henry Kissinger, former Secretaries of Defense Gen. James Mattis and William Perry and former U.S. Senators Bill Frist and Sam Nunn. Investments came from some of the wealthiest and most connected people in the world, like media mogul Rupert Murdoch, the Walton family, the DeVos family and even the Kraft family behind the New England Patriots. But it all came crashing down. Today, Holmes is facing up to 20 years in prison and awaiting a criminal trial for charges of wire fraud and conspiracy to commit wire fraud, to which she has pleaded not guilty. SUBSCRIBE to ABC NEWS: https://www.youtube.com/ABCNews/ Watch More on http://abcnews.go.com/ LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews FOLLOW ABC News on TWITTER: https://twitter.com/abc GOOD MORNING AMERICA'S HOMEPAGE: https://www.goodmorningamerica.com/
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4909 episodes

Artwork
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Archived series ("Inactive feed" status)

When? This feed was archived on October 13, 2021 18:11 (2+ y ago). Last successful fetch was on March 28, 2020 15:21 (4y ago)

Why? Inactive feed status. Our servers were unable to retrieve a valid podcast feed for a sustained period.

What now? You might be able to find a more up-to-date version using the search function. This series will no longer be checked for updates. If you believe this to be in error, please check if the publisher's feed link below is valid and contact support to request the feed be restored or if you have any other concerns about this.

Manage episode 229629268 series 2469755
Content provided by ABC News. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by ABC News or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
WATCH THE FULL EPISODE OF 20/20: https://bit.ly/2HCTEUE Some employees say CEO Elizabeth Holmes didn't want to hear criticism or too many questions. "Not a lot of camaraderie. A lot of paranoia," said Justin Maxwell, Theranos' former design director. READ MORE: https://abcn.ws/2AWxmcA Ex-Theranos employees describe culture of secrecy at Elizabeth Holmes' startup: ‘The Dropout’ podcast ep. 1 Not so long ago, Elizabeth Holmes was Silicon Valley’s rising star. Like so many of the most successful entrepreneurs before her, she dropped out of college to start a company. But unlike many others, her startup would go on to be valued at almost $10 billion making her the world’s youngest self-made female billionaire. The company was called Theranos, a combination of the words “therapy” and “diagnosis.” It was praised for being revolutionary and for creating a breakthrough that would change the medical industry forever. Her board of directors was a who’s who of government heavyweights that at a time included former Secretaries of State George Shultz and Henry Kissinger, former Secretaries of Defense Gen. James Mattis and William Perry and former U.S. Senators Bill Frist and Sam Nunn. Investments came from some of the wealthiest and most connected people in the world, like media mogul Rupert Murdoch, the Walton family, the DeVos family and even the Kraft family behind the New England Patriots. But it all came crashing down. Today, Holmes is facing up to 20 years in prison and awaiting a criminal trial for charges of wire fraud and conspiracy to commit wire fraud, to which she has pleaded not guilty. SUBSCRIBE to ABC NEWS: https://www.youtube.com/ABCNews/ Watch More on http://abcnews.go.com/ LIKE ABC News on FACEBOOK https://www.facebook.com/abcnews FOLLOW ABC News on TWITTER: https://twitter.com/abc GOOD MORNING AMERICA'S HOMEPAGE: https://www.goodmorningamerica.com/
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