Buddhist juror in trial of founder of Theranos, Elizabeth Holmes, dismissed
Personal notes from disgraced ex-CEO Elizabeth Holmes taken during the sudden rise and fall of the blood testing company she launched show how she idolized Apple co-founder Steve Jobs and overcame the collapse of Theranos.
“Become Steve Jobs,” Holmes wrote in an April 2, 2015 entry, just as media attention increased for his start-up.
This was part of more than a dozen pages of Consciousness-like Notes contemporary notes that she typed that was obtained by CNBC.
This particular note was related to a conversation Holmes had just had with David Boies, who was Theranos’ attorney, and was likely a reference to a biography published the previous month: Becoming Steve Jobs: The Evolution of a Reckless Upstart into a Visionary Leader, by Brent Schlender.
In contemporary notes, ex-Theranos CEO Elizabeth Holmes wrote to herself, compared herself to Steve Jobs, emulating his signature look in media appearances, and even kept a photo of the late co-founder. Apple in his office, according to an employee.
Holmes had kept a framed photo of Jobs in his office, a former point-of-sale employee said, and it would emulate his iconic black turtleneck look in media appearances.
Holmes would officially receive the comparison she had sought in October of that year, when an Inc Magazine cover story starring her began: “You should look really hard not to see Steve Jobs in Elizabeth Holmes. . “
Soon, however, it began to be said that Holmes had oversold the capacity and accuracy of Theranos’ Edison blood testing machines, and that same month John Carreyrou for the Wall Street Journal published the first in a series of reports on the errors that machines produced.
Meanwhile, Holmes was writing about ways to escape scrutiny and refute what the Journal had published.
“Weak accusations – approves everything – happened – if – true – raise doubt – want – council examines – finds nothing – examined – did not examine it independently,” she said written in a long note two weeks after the first report.
She also seemed to calm down.
“I didn’t address – don’t shake my confidence – my business judgment – no reason – this announcement – know in a month – correct business judgment at the time. Never with certainty, ”she continued. “Turn off the statement. Faith – Elizabeth, co.
“Point-to-point rebuttal statements,” she wrote in notes earlier today. “Intrepid transparent nothing to hide”
Other references in his notes include one regarding former Secretary of State George Shultz (pictured with Holmes behind him in 2015) who served on Theranos’ board of directors and may have indicated strategies to keep doubts out company technology secrets.
She later continued: “Council statement – independent review of charges by council – making statements – no independent opinion. Reckless advice – enter – without judgment – Strategic error – WSJ – impression – fight – number of charges – done ‘
Other notes include Holmes who may be devising a strategy to keep doubts about the company a secret.
“Advice all day – call EAH – talk to George from the top of the cliff …” she wrote on April 29, 2015 in a possible reference to former Secretary of State George Shultz, who was on the council administration.
His grandson Tyler, who was hired by Theranos, reportedly warned his grandfather about the company’s problems, and he is expected to testify at his trial. George Shultz passed away in February of this year.
The notes contain only one reference to former Theranos COO Sunny Balwani, CNBC reported.
“Balwani – stopped subduing Edison – of others,” she wrote. The two were dating at the time and he is set to stand trial on the same fraud and conspiracy charges in January.
Holmes ‘defense has indicated that it will claim hiring Balwani was Holmes’ fatal mistake, blaming him for the company’s failure. Unsealed documents also indicated that her lawyers were planning to argue that he had abused and emotionally manipulated her. Balwani denied the charges.
Holmes ‘notes contain only one reference to Theranos’ former COO Sunny Balwani (pictured) and her defense had indicated that she alleges he manipulated her emotionally while they were dating. He is on trial on the same fraud and conspiracy charges at a later date
“Elizabeth saw herself as the brand and the driving force behind the company. She wasn’t the type to be manipulated by Sunny or anyone. This posture even continued when Sunny left the company in 2016, ”another former Theranos employee told CNBC.
Besides the Wall Street Journal, other notes show Holmes navigating the media landscape.
“Some platforms – so fabulous – ordinary people… (Cramer) – Sorkin – a mad man – tough,” she said in reference to an October 17, 2015 interview with CBNC’s Jim Cramer and Andrew Ross Sorkin. .
“Very productive – CBS This Morning Producers, Interview Friday,” she wrote in another note.
In another, she wrote: “Really smart people chose mado, not you,” a possible reference to disgraced financier Bernie Madoff, who was convicted of leading the biggest Ponzi scheme in history. in 2009.
But in his most optimistic notes, Holmes describes his view of Theranos.
“Began – vision – change the world. Access to health care. Lower the cost. Until efficiency. Mini pain… ‘
But, she added, “Fudge it – if you don’t understand – want to clarify – stop – explore – book – can make it happen”