3 ms·
Holmes is a small fish too. At the end the company didn't have that much cash, and no real IP worth a damn, so there's no collateral that makes anyone powerful
by kbenson 8y ago
Holmes is a small fish too. At the end the company didn't have that much cash, and no real IP worth a damn, so there's no collateral that makes anyone powerful want to step in, or any company at all to protect anymore. Just a person who likely broke the law and a lot of those same people that could have spoken up for her pissed of because she lost their money.
- HarryHirsch 8y agoHealthcare is a heavily regulated safety-critical field, and for good reason. Holmes picked the wrong field to commit fraud in. Patients or their physicians made therapeutic decisions on bogus technology, some lost money, some pay even have died. It's not about investor money, it's about public health and about a demonstration that the system works.
- kbenson 8y agoI'm not arguing she would have gotten away with it if there was still some assets to defend, just that when it comes to "big fish" actually being prosecuted, she doesn't really qualify because she's basically already gutted. That the industry is heavily regulated with heavy penalties might have made her a good contender to for a big fish being held to account for misconduct (in a specific industry at least), but situation is different enough it's not (and won't be) indicative of how very powerful people are held to account.