Whatever the verdict in Ms Holmes’s ongoing trial, on charges of defrauding investors and patients by making false claims about the startup’s blood-testing technology, she is right about that. The story of Theranos is not simply about how its leaders behaved, and whether they deliberately misled others. It is also about how people take decisions.
Charisma is a reasonable trait for investors to like in a startup founder. But people too easily equate confidence with competence. In a study from 2012, researchers from the University of Lausanne taught a bunch of mid-level managers a set of “charismatic leadership tactics”—from three-point lists and moral conviction to hand gestures. Observers’ assessment of the managers' competence leapt as a result.
The documents themselves look risible. “All the laws of nature, all secrets, are imprinted on every cell of our body,” writes Mr Balwani, a somewhat concerning statement from the leader of a medical startup. Ms Holmes’s note includes lines such as “I know the outcome of every encounter”, “I constantly make decisions and change them as needed” and “My hands are always in my pockets or gesturing”. But the formula, if that is what it was, seems to have worked.
The Genius! She modeled herself on Steve Jobs by wearing black turtle necks and selling products designed to fail after a short time so we have to buy a new one
When I heard want she was peddling I fell out laughing a drop of blood and do all of these test
Hopefully they put her on plunger duty in jail 🙃
Sorry Economist. After about 2010, Elizabeth Holmes was not in a fake it til you make it culture. She was in a fake it and love the fame of it all culture. And then it turned even darker to a I don’t care who gets physically hurt while I fake it with no efforts to ever make it.
Tough to click on an article with such a false headline.
Stop giving her the Martha Stewart treatment. Plenty of men have done far worse with little media attention.
Oh jeez - not just startups. All aspects of life.
It's simpler than that: Holmes gave the rich old men who invested in her scheme an erection, the thought of someone so bed-able and so intelligent giving them the momentary feeling that women could be both smart and sex objects. It made them feel progressive.
Thanks! Lovely to see you here. I used to work in global communications & follow the Theranos trial personally from expat yogi life in Bali now rather closely. I find it bizarre contextually that in recent days a series of Es have arisen on textiles overtly at my angled views.
It's about pulling a scam and getting caught. She doesn't understand that in order to get away with crime here she needs to get elected first.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: ABC - 🏆 471. / 51 Read more »
Source: NBCNews - 🏆 10. / 86 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: WSJ - 🏆 98. / 63 Read more »
Source: AP - 🏆 728. / 51 Read more »