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In July 2011, Holmes was introduced to former Secretary of State George Shultz, who joined the Theranos board of directors that same month.[48] Over the next th
by Tycho 10y ago
In July 2011, Holmes was introduced to former Secretary of State George Shultz, who joined the Theranos board of directors that same month.[48] Over the next three years, Shultz helped to introduce almost all the outside directors on the "all-star board," which included William Perry (former Secretary of Defense), Henry Kissinger (former Secretary of State), Sam Nunn (former U.S. Senator), Bill Frist (former U.S. Senator and heart-transplant surgeon), Gary Roughead (Admiral, USN, retired), James Mattis (General, USMC)
There's some crony capitalism for you.
- guelo 10y agoI guess, but it didn't work. She was probably hoping all the political connections would help push back the regulators. But the regulators have come down hard.
- drcode 10y agoIf letting them use equipment that was never seen by regulators and hidden from inspections for 2 years before sounding the alarm is "coming down hard" then you're right.
- ekianjo 10y agoYou know who Dropbox has on their board right?
- Tycho 10y agoYes. At least Dropbox isn't selling snake oil. I find it just appalling that these high ranking officials were seemingly cashing in by sitting on the board of a corrupt company. I wish we could adopt Taleb's idea of capping lifetime earnings for anyone who takes a job as a high ranking public servant.
- oneloop 10y agoNo, who?
- fgandiya 10y agoCondolezza Rice https://www.crunchbase.com/person/condoleezza-rice/advisory-roles https://www.crunchbase.com/person/condoleezza-rice/advisory-...
- Mango_Diesel 10y agoClearly you are implying exactly Condoleezza Rice, but if you look at the other companies she is a board member/advisor for you find a diverse groups of companies. It makes sense for someone who wants to stay current with the latest in business to seek a diverse portfolio of companies to be a part of. One board member being formerly involved in politics doesn't strike me as valid the way you are comparing it to Theranos. https://www.crunchbase.com/person/condoleezza-rice/advisory-roles/edit https://www.crunchbase.com/person/condoleezza-rice/advisory-...
- honkhonkpants 10y ago"Formerly involved in politics" hardly scratches the surface of what Rice is. Rice got on national television and told America that Iraq had nuclear weapons. Rice was also instrumental in leading the CIA to torture of certain detainees. Rice should be on trial at the Hague, not collecting honoraria for sitting on corporate boards.
- jsweojtj 10y agoI find this kind of comment cropping up - can you find a source for your claim that Rice claimed Iraq had nuclear weapons?
- honkhonkpants 10y agoMy source is I saw it on live TV. "We know that he has the infrastructure, nuclear scientists to make a nuclear weapon. And we know that when the inspectors assessed this after the Gulf War, he was far, far closer to a crude nuclear device than anybody thought -- maybe six months from a crude nuclear device. The problem here is that there will always be some uncertainty about how quickly he can acquire nuclear weapons. But we don't want the smoking gun to be a mushroom cloud."
- oldmanjay 10y agoWhen I started reading the quote, I thought it was going to back your argument up. It was a surprising disappointment when it did not.