5 ms·
Only Theranos insiders know if their technology is actually worth anything. But supposing it is, I do think there is a narrow path to success with a new CEO and
by shoyer 10y ago
Only Theranos insiders know if their technology is actually worth anything. But supposing it is, I do think there is a narrow path to success with a new CEO and a cultural reboot (including publishing their work this time). That said, there are external factors (e.g., regulators, legitation) that could sink them regardless of the best efforts of a new management team.
The need to clean house at the top to have any chance seems so obvious that I'm surprised the board hasn't resigned yet. I suppose they are giving Holmes the benefit of the doubt to come up with her own turn around plan first.
- sixQuarks 10y agoIt doesn't help that one of the founders committed suicide, I believe there was a rumor stating the reason was because their product didn't work.