4 ms·
Do we know if she was rich before? Maybe she was able to cash out a lot of her shares during some of the financing rounds, but she also could have just been "r
by jartelt 9y ago
Do we know if she was rich before? Maybe she was able to cash out a lot of her shares during some of the financing rounds, but she also could have just been "rich" on paper by owning many Theranos shares. If she was rich by virtue of holding Theranos shares, her wealth has decreased a ton in the last couple years since the value of the company has surely plummeted.
- detaro 9y agoThe SEC document says that she never sold any of her shares, and says > Holmes was paid a salary of approximately $200,000 to $390,000 per year between 2013 and 2015
- seanieb 9y agoHey, I've no idea how to PM you, but you flagged my submission about the SEC charging another company... Equifax. This story is about Theranos. > https://news.ycombinator.com/item?id=16586011 https://news.ycombinator.com/item?id=16586011 > "on the front page, please check for duplicates before submitting"
- detaro 9y agooops, embarassing... there's been discussion about equifax too, but I guess that was the criminal part and not SEC: https://news.ycombinator.com/item?id=16584980 https://news.ycombinator.com/item?id=16584980
- throwaway82729 9y agoI'm sure she must have sold some part of her shares when Theranos got funding in the early days.