Employee Loyalty To Theranos Fades, As Founder Shrouds Company In Secrecy
Elizabeth Holmes has a long-standing practice of keeping information from her employees, The Wall Street Journal reports, but as investigations and penalties ramp up, it's starting to cause tension among her workers.
The Wall Street Journal:
Under Fire, Theranos CEO Stifled Bad News
At a presentation to Theranos Inc. employees last month, Elizabeth Holmes displayed a slide saying the company had developed 304 tests using small volumes of blood, according to an attendee. Left unsaid: Most of those experiments hadn’t progressed beyond laboratory research, according to the attendee. The slideshow was part of a pattern: Ms. Holmes has continued to put a positive spin on her embattled blood-testing company—while broadly keeping employees in the dark on many issues—even as Theranos’s regulatory and legal troubles mount. (Carreyrou, 7/10)