How much did George Shultz invest in Theranos? Hulu's "The Dropout" follows the rise and fall of Elizabeth Holmes, the disgraced founder of medical start-up Theranos. Proceedings were followed to and fro by Reagans butchered repetition of a Russian proverb: Doveryay, no proveryay trust, but verify. (An earlier version of this item misspelled his name as Schultz.). It took quite a while. If the admiring American coverage of his death is to be believed, the lodestar of George Shultzs life was one of trust. I know that at one time he told his family that he had created a trust fund for his great-grandchildren, who would be my children, who do not exist by the way, that consisted 100% of Theranos stock. She was very articulate and had a strong sense of conviction about her mission, Ms. Cheung said of Ms. Holmes. Jury finds Elizabeth Holmes guilty of fraud and conspiracy, Well get them: Elizabeth Holmes private text messages released, Erika Cheung testifies against Holmes, describes problems in blood lab, Best athletic wear for kids joining baseball and, How to watch all the Oscar-nominated movies in style, Best smart home devices for older users, according, JV talked about health struggles before disappearance, Building a CA dream home might be cheaper than buying, 11 displaced after fire breaks out at Union City, Rare Sighting: Bald eagles spotted in Alameda County, Martinez residents warned not to eat food grown in, Video: Benches clear in fight at high school hoops, Do Not Sell or Share My Personal Information. Tyler Shultz and Erika Cheung were low on Theranos totem pole, working as entry-level lab techs. Yet they did not back down and learned how to protect themselves as whistle blowers. He seemed to favor his relationship with EAH over Tyler. Shultz was not the only Theranos whistleblower, but he was the first to report troubling findings at the company to regulators. At the time, it was a risky and bold move, and it came at a high cost for Shultz. But it helped accelerate scrutiny that would ultimately end with the company's implosion. Kevin Downey, a partner at the Washington law firm Williams & Connolly, is the lead lawyer for Holmes. He would invite her to Family Day at his fancy country club. The secrecy. But Tyler Shultz came to suspect that Holmes was overselling her technology and took his concerns to the Wall Street Journal. Until seven months ago. Shultz is a grandson of George Shultz, a former secretary of state who was on the Theranos board. In episode seven, these lawyers were hiding in George Shultzs house, and George Shultz sprung them on his own grandson! Tyler Schulz, on why he thought his grandfather chose Theranos over him initially: One, I think was just pride. Its so bizarre. Year of the tech grifter: will Silicon Valley ever learn from its mistakes? Shultz lived to be 100 years old and, in an essay to mark the occasion of his centenary, Shultz held that trust is the coin of the realm. When trust was in the room, he wrote, good things happened. Today, Shultz runs his own biotech startup focusing on womens fertility issues. The younger Shultz noted Theranos myriad deceitful practices and the uphill struggle of the companys engineers to make the hype surrounding their machines match reality.
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