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I can't imagine the stress she must be under right now, unfortunately, it seems like the vast majority of it was her own doing. Will be interesting to see what
by chollida1 11y ago
I can't imagine the stress she must be under right now, unfortunately, it seems like the vast majority of it was her own doing.
Will be interesting to see what the company does. Normally the CEO would be "asked" to step down from having any involvement with the company whatso ever.
However, I believe she's the majority shareholder so the usual remedy of removing her from the company altogether might not work so well.
Man, there goes any hope of a decent exit anytime soon Thernos, as usual its the employees themselves who will absorb the brunt of this. I hope they have alot of money saved because if they try to raise again, and its debatable if t hey'd be able to, its going to be a nasty round.
- simula67 11y ago> However, I believe she's the majority shareholder so the usual remedy of removing her from the company altogether might not work so well. She could step down voluntarily if she believes that someone else could turn the company around. That would be better than going bankrupt and losing her entire fortune in Theranos stock.
- chollida1 11y agoI fully agree that, that would be the best remedy. But how many CEO's have you talked with in your lifetime? Every CEO I've ever talked with that has started a company or been there long enough to think of it as their "baby" have all had tough times letting go.
- jonknee 11y ago> She could step down voluntarily if she believes that someone else could turn the company around. The problem is the company is 100% based around her invention that she won't share the inner workings of and apparently that doesn't actually perform up to standards. It's not mismanagement, it's a material issue.
- return0 11y agoGood case of a person who shouldn't have left college.