InvestorsHub Logo
Followers 46
Posts 12430
Boards Moderated 2
Alias Born 01/09/2013

Re: None

Thursday, 01/06/2022 11:51:57 PM

Thursday, January 06, 2022 11:51:57 PM

Post# of 163718
Check out this board. Even the best get snookered.

Controversial health startup Theranos has barely any medical experts on its board of directors
Lydia Ramsey Pflanzer Oct 16, 2015, 7:12 AM

A Wall Street Journal report published Thursday suggests Theranos, the $10 billion health startup that says its blood tests can be done quickly using a single drop, has a few problems.
In a follow-up article published later Thursday evening, The Journal reported that the company had stopped using its signature finger-prick blood test on all but one of its more than 240 blood tests at the request of government regulators who are looking into the company's technology.


The company, which is unlike any other, also has a board whose makeup is unlike that of most other health companies. Its members are:

George P. Shultz — former US secretary of state
Gary Roughead — retired US Navy admiral
William J. Perry — former US secretary of defense
Sam Nunn — former US senator who served as chairman of the Senate Armed Services Committee and the Permanent Subcommittee on Investigations
James N. Mattis — retired US Marine Corps general
Richard Kovacevich — former CEO of Wells Fargo
Henry A. Kissinger — former US secretary of state
William H. Frist — heart and lung transplant surgeon and former US senator
William H. Foege — former director of the Centers for Disease Control and Prevention
Riley P. Bechtel — chairman of the board of the Bechtel Group Inc., a construction company
Sunny Balwani — president and COO of Theranos
Elizabeth Holmes — CEO and chairman of the board of Theranos
To make sure we got all that: that's six former government officials, two former military leaders, two corporation leaders, two members of Theranos' leadership, and two men who graduated from medical school. As my colleague Kevin Loria writes over at Tech Insider:

"The caliber of the board suggests that Theranos must have developed a transformative innovation, but other than Frist, who has not practiced medicine in many years, only Foege is a medical professional."

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.