Theranos, CEO Holmes, and Former President Balwani Charged with Fraud

Re:Theranos, CEO Holmes, and Former President Balwani Charge... by jartelt on Wednesday March 14, 2018 @01:02PM (#16586255)

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.

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Re:Theranos, CEO Holmes, and Former President Balwani Charge... by detaro on Wednesday March 14, 2018 @01:10PM (#16586342)

The 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

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Re:Theranos, CEO Holmes, and Former President Balwani Charge... by seanieb on Wednesday March 14, 2018 @01:20PM (#16586459)

Hey, 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

> "on the front page, please check for duplicates before submitting"

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Re:Theranos, CEO Holmes, and Former President Balwani Charge... by detaro on Wednesday March 14, 2018 @01:33PM (#16586578)

oops, 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

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Re:Theranos, CEO Holmes, and Former President Balwani Charge... by throwaway82729 on Wednesday March 14, 2018 @01:26PM (#16586518)

I'm sure she must have sold some part of her shares when Theranos got funding in the early days.

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