Big Time Investor Says he Believed Theranos, and Paid a big Price
Ann Skeet, senior director, leadership ethics at The Markkula Center, spoke with NBC Bay Area’s Scott Budman for a news segment on Theranos and ethics in investing expressing she believes Holmes crossed a line.
"The sort of 'hype it, pretend it' has more of an upside than it potentially does," se said. "Saying you have $200 million from department of defense contracts when you don't it's flat out fraud. Very different than saying 'here's a potential to our product or an upside we think we can achieve at some point."
Ann Skeet, senior director, leadership ethics quoted by NBC Bay Area.
Nov 16, 2021