John Carreyrou, "Bad Blood"
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- Опубликовано: 28 июн 2018
- John Carreyrou discusses his book , "Bad Blood", about Elizabeth Holmes and Theranos at Politics and Prose on 6/20/18.
Theranos, founded in 2003 by nineteen-year-old wunderkind Elizabeth Holmes, promised to revolutionize blood testing by developing technologies to miniaturize samples and so make testing fast, easy, and inexpensive. It seemed too good to be true-and was, as Carreyrou, a two-time Pulitzer Prize-winning Wall Street Journal reporter, revealed in a series of detailed articles. Undaunted by pressure from the company’s CEO and lawyers, Carreyrou raised enough doubts about Theranos policies, procedures, and promises that by 2015 Holmes and her corporation were being investigated by a host of medical authorities, investors, state attorneys general, the Securities and Exchange Commission, and others. Here Carreyrou recounts his riveting story of the biggest corporate fraud since Enron.
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Produced by Tom Warren
The audience is asking very good questions.
A bunch of old men with big egos who were unable to admit they were bamboozled.
Reliving their glory days.
Imagine wat would happen if Elizabeth Holmes was able to convince Rupert Murdoch to kill the story. Things wouldve been even worse than they r
Utterly compelling. The impressively literate audience really brought this to life too.
Great Book. Well told. I feel sort of bad for Tyler Shultz, trying to convince his grampa about what he saw going on at Theranos.
not anymore....
Yeah it was REALLY frustrating that his grandpa didn't believe him. I loved the book. It's great all the way through, especially when it gets to the point where the author becomes part of the story himself. I'm glad he named all those attack dog lawyers that tried to intimidate him and the Wall Street Journal to no avail.
The army dude is the only sensible guy in the story.... the world needs more people like John Carreyrou. ironically, Elizabeth's dad chris was the VP of Enron, another big scandal
I think this journalist knows more about lab medicine than the fake CEO lady.
My 4 year old nephew knows more about lab medicine than Holmes!
Now read Bad Blood, and easily my book of the year. Reads like a sophisticated, heart-pounding thriller, that builds and builds until the very last line.
He is an excellent public speaker
51:00 - A woman in her late 50s- 60s says (with confidence) "I don't see how money is a big motivation for them .." She is referring to the board members such as Henry Kissinger, George Schultz, etc. Is she for real???? Of course their main motivation is money. There is no such thing as having enough money. Money = power. All those men have huge egos. Money feeds their ego. If they didn't have $$, they would be just another AARP member. Come on, Lady.
Perhaps the last investigative journalist in modern journalism.
This is what you get when parents instill too much self-confidence.
The people there kind of said it, but *this* is where the phrase 'Thank you for your service' is warranted.
There's a part that I described as:
*This looks like a job for an Investigative Journalist!!*
Tyler Shultz is golden.
One detail that makes this scandal particularly strange is that none of the involved persons seems to have expressed any regrets or remorse. Not only the main perpetrators: Elisabeth Holmes and Sunny Balwani, but also the many many that enabled them: Kissinger, Mattis, George Shultz, the Clintons, Boies etc. Nobody seems to have apologized for enabling and supporting fraudsters for many years and ignoring the many warning signs, especially George Shultz whose very own grandson Tyler was one of the main whistleblowers has a lot to apologize for. Yet I don't think he ever did.
As a software developer in silicon fen(Cambridge UK) I am not surprised at this.
I have worked across a number of industries including genetics and scientific research.
I have also been involved in new religion/spiritual movement.
So I have got to seen how people behave when it comes to power, science and belief.
As humans we are very much wired to communicate and live in a hierarchy.
This means that we have a tendency to be easily manipulated by people who have less than honourable intentions.
I have even been a whistle blower(not at Theranos) and after a campaign of hate was directed to me I gave in and found a new job - the company I was the whistle blower at failed a few years after I left, largely because of what I was trying to bring to light.
It takes a lot of guts and strength to stand up to all the power of the mob when you are one of the only people seeing what is going on.
Only Carreyrou was able to do this because he is an outsider as well as having great strength and integrity.
"Apple didn't start with just an idea in mind, they had a working computer..." created entirely by Steve Wozniak, and not at all by Steve Jobs.
That's the point. Maybe all those brilliant heros just thiefs that live of the behalf of real creates. Don't trust the nice and neat images.
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Older men beguiled by a young woman. Really, is it that hard to make the connection?
Large blue eyed, deep voiced blond girl, cons elder high power Leaders out of their support and money. Greek Drama!
An extraordinarily good read. I read the book as I was puzzled as to how a 19 year old dropout with no obvious skills was able to convince all sorts of high profile people to give her money, lots of it. Among them Rubert Murdoch who lost $100 million. I still dont get it
Great work! What baffles me is the lack of due diligence or simple questioning of the claims! When I first read about this story in 2013 a red flag went up immediately, and I am not in the medical device business. The fact that they refused to disclose independent test results, or didnt do any, said everything.. If its too good to be true.....
Modern version of the "empress has no clothes" tale.
The only people that clicked thumbs down on this video were Elizabeth Holmes & her brainwashed followers. 😂 But oh my gosh I've watched so many of this man's interviews & he is now my favorite journalist. 😊
Excellent reporting & journalism!!!! The book is very well written, easy to read and comprehend even the complex & scientific elements.
This isn't the first time FOMO has driven people to invest their money with a con artist.
And it won't be the last.
And now she is engaged to a younger very wealthy guy, what a surprise.
One of the best business books in decades. Very well written and edited - only a couple of split infinitives got past the copy editor, along with numerous uses of the word "issue" where "problem" was needed. Bravo!
I decided to buy this book because I read one of the articles Pocket suggested. I'm so glad I did because as someone living outside the US, it's a good read.
A fake company with a fake product suing a guy trying to piggy back on a fake idea with a fake patent.
Only in America.
It’s in the book, but early on. A family friend found out she was working on blood tests and immediately invented a bar code scan that would have forced Elizabeth to license the patent. The guy seems like a scumbag, but if the tech was legit (surprise: it wasn’t), the guy would have made a pile of money.
This book is outstanding. I still have a hard time believing this happened. Normally with invention-fraud its pretty apparent early on that the device doesn't work. If only Theranos had spent their effort making a good product, rather than making and sustaining this amazing cover-up. Surprising how long they made it last, how long they stretched it out.
Great piece! Unfortunately, most attorneys behave like thugs, because they are immune in court if they threaten you with lawsuits, very ugly legal tactics. Our democracy is not perfect but hopefully will continue to involve for the better, it's in the hands of yours and mines...thank you so much for sharing this great video, it does not just tell the story of a fraud but it also reflects our modern social issues...thank you, John Carreyrou, for writing this great book!
Every Holmes need a Dr.Watson.
Another irony is that her father used to be a VP at Enron!
I feel like this little detail explains so much
She is also part of the Fleischmann yeast family
Holmes obviously took Jodie Arias’s course on the “Art of Lying”.
If she had done what so many start ups do, have an idea, create a dubious prototype, pique the interest of a larger company and sell it on at a decent profit....we wouldn’t be talking about her at all. She went too big too soon and in doing so shone a light on the murky world of Silicon Valley and tech startups in general.
I’m glad all of these “smartest guys in the room” lost (at least) part of their shirts over this scam artist.
Amazing courage! Thank you.
Excellent book!Can hardly wait til next year for the up coming movie.
To make any proper comparison between Holmes and Jobs is absolutely laughable. Holmes is a proven sociopath con artist. Jobs is a proven genius visionary. BTW, most young people are full of energy and also, who does not want to be a successful business billionaire. I mean really. What the hell has happened to common sense in the USA?!
I just started reading it. About 60 pages into it.
So far... it's very fascinating. And I'm going to assume that it gets even worse.
Everyone wanted to get really, really rich. That is reason for the failure. BTW - I was one of the customers that was using A1C testing in Walgreens. Also my doctors in Edinger Medical in Fountain Valley were using tool to find out what is A1C by pricking finger. Saddleback Hospital in Mission Viejo is still providing lipid panel results by using tool that uses blood from pricked finger.
great book! Thank you for such nice writings
Amazing 🙌 amazing 🙌 well written book. I can’t wait for the movie 🍿
Our Secretary of Defense was involved in this.....interesting!
Secretary of Education too!
Betsy DeVos was like: Here! *Have a hundred-million dollars!!*
The only book I've read every page in many years.
How do you normally read? This is a serious question. I'm curious.
he normally reads every other page, depending on the day of the week and the month of the year. On Mondays Thursdays and Saturdays, he reads only every 7th page, starting with page 19. On Sundays and Fridays, he reads every 4th page, beginning again on page 19. On Saturdays and every day in the month of March and again in October, he reads every other page, as previously stated.
Dwight Dunker There are many types of books. I've read many school textbooks and reference books for health providers that tend to be 6 inches thick. Even regular nonfiction or fiction books, I skip pages to finish quicker when I don't need useless details. And many books have countless pages of irrelevant information before and after the actual contents.
I think Brian is saying not a lot of books can hold your attention to the very end. Happens to me too. Brainiacs.
She called it Edison!!! OMG, we forgot who he was...a scammer
Tesla would've been trendier
I recently found out that Elon Musk is not original creator of Tesla Motors company.
Must get this book.
In interviews I've seen of Elizabeth, she seems inauthentic. She comes across as articulate and confident but she is not charming. These men were just stupid, and the fact that she was white and blonde.
Jeezus. What a witch. Thank goodness for this journalist. I certainly hope this witch gets justice dumped on her.
I hear Jennifer Lawrence will play Elizabeth, for the first time in “based on a true story” movies, casting nailed it!
Just read the book, it could be one of the best books I've ever read
hey just started reading the book again - wow what a compelling story of a super ego maniac young girl. Looking forward to seeing the movie. Is the movie project on its way ?
She was, is, a complete fake. Her fake voice is hilarious.
Theramos story sounds like fiction. How could she get that far?
Mercy Odhiambo Silicon Valley elite cultists. They are limousine leftists who are already filthy rich and delusional
8:00 or a little after... In all of the John Carreyrou videos that I've seen, this is the first time that he has mentioned the actual name of the "Pathologist from the Midwest": Adam Clapper, who works in Columbia Missouri and vicinity.
Tom Nally thanks !~ ^-^
I wonder to what extend her sexual charm was a huge force in getting all those decision makers to be part of her company...
Probably 100%.
Mercy Odhiambo yep
Her boy friend sunny was a huge investor so most of it.
100%, I would actually questioned what was the extent of her relationship with all those older men. It is not like she was in love with a super attractive men, for her the end justifies the means.
Why hasn't anyone brought up those old men could get hoodwinked by the likes of an attractive young blond? It worked for Anna Nicole Smith...
Ones and zeros (coding) has no real intrinsic value whereas health care is entirely intrinsic value.
Im sorry but imo there is absolutely NOTHING attractive about her..2ndly it is incredibly obvious her voice is fake...i can do that in a nanosecond. Shes a pathetic excuse and got busted big time! Kudos to author for standing up to her and all others.
I agree, she is not attractive at all, but to a 75-95 year old man, pretty much any 25-30 year old woman will be attractive.
I'm really surprised he gives away this much of the book.
I remind everyone that John Carreyrou is ALSO FRENCH 🇫🇷🇫🇷🇫🇷..
Started reading this book, all kinds of rich people backstabbing each other and lying in big business style.
it is so typical American it makes me puke.
@ 59:50 -- I am reminded of history lesson from OrganicChem-1: *be diplomatic with criticism.* Hermann Kolbe, starting in about 1840 was a fantastic chemist (If you ever synthesized something, you can thank Kolbe because his breakthrough experiments were so groundbreaking to his era that we needed to invent new verbs like synthesize to describe what he was doing). By the 1875 Van't Hoff _et al_ were starting their own breakthrough approach to chemistry, where they argue that we can potentially tell _with measurement & applied mathematics_ the arrangement and placement of specific atoms within molecules. Old respected Kolbe wrote a _critical review_ of Van't Hoff, and the last sentence in Kolbe's wiki-entry describes its impact: *_The violence of his language worked unfairly to limit his posthumous reputation_*
Link to class lecture, Yale Organic Chem1, Lec25-- ruclips.net/video/Trr2QgIyRNY/видео.html
One Guy got the Nobel Prize...
The other got forgotten, except for that one time he criticized the new kid
Did they not cover the fact that these big names who invested were friends of her parents? That's why, and nothing else.
How come the chemists that examined and allowed her patents didn’t pick up on it?
Who came up with the 9 billion guesstimate? Lol
Biotech Nation interview link: player.fm/series/biotech-nation-radio-podcast/episode-18-26-unedited-2005-interview-with-elizabeth-holmes-recorded-at-kqed-in-san-francisco
Way to crush all those young female feminist dreams Carreyrou! Oh wait, that was Elizabeth Holmes... Don't let crooks get ya down girls!
It ought to work, especially now. Won't be funded anytime soon! Medical establishment won't touch it. Non-medical VC firms certainly won't.
Thumb up before watching oh yeah yeah
I’m guessing he’s not a Trump supporter.
Sounds like she was fronting SOMETHING!
People always fall for con-artists. Just look at our... er... lol.
Also, no one asked the author if Elizabeth had any EXPERTS working at her company. She had all the money she needed to recruit and employ as many experts in science, lab tests, chemistry, blood, etc. as she needed. I have a feeling that she didn't spend on R&D. Had she gotten together a team of 100 great scientists, she probably could have gotten a large part of her machine to work. It would be a blood "Manhattan Project". Steve Jobs hired only the very top people. He called they A players. He thought that B players dragged everyone down to their level.
Maybe a person would have to do three or four finger sticks in a 24 hour period, but she might have enough blood. usually a person doesn't need 150 tests all at once. A person on blood thinners only has to do one or two tests. In short, she COULD have "faked it till she made it" if she had the brainpower and experience. I suspect that her problem was not an "unattainable vision", but rather a failure to put together a TEAM of Steve Wozniak types in all fields of blood testing. It could have worked, given a few years of research, patents, etc. She would have been a hero. I think her problem was fear that assembling a good team would reveal that her basic idea of a home testing blood machine would take over ten years. In Silicon Valley, ten years is like 100 dog years lol.
Tesla next John!
Brian Decker Very likely this year.
Great story and work but Sunny Balwani is a Pakistani, why call him Indian in his British edition book?? These are pretty basic details that cant be hidden and verifiable online/wiki.
Well, he was born in Pakistan but to an Indian family and soon after he was born they moved back to India. So his blood is Indian, just happened that he was born in Pakistan but lived there for only a little bit
I like how he concludes by saying the FDA under President Trump has "unfortunately" removed the proposed regulations by Obama. Thankfully he did because it was regulating people to guaranteed suffering and death by taking not a year or two but up to 15 years or more to get approval for new Technology , methods and Practices along with new Medicines, one time Premier Agencies like the CDC & NIOSH have become so ponderous , political and even corrupted. Trump also passed a Right to Try order for those who are suffering and will Die that will expedite any Medication or Procedure.
I am not going to buy the book. This man already explained everything about the case !
If she stays out of jail I predict Holmes will be Trump's running mate in 2020.
except she's a liberal
She campaigned for Hillary
magicwheel1 So was Trump, lol.
Why do we have to throw Trump into everything. There is so much to this story and you cheapen it with a dumb comment like that. Leave the politics out. This is the most fascinating fraud story since Madoff and Enron and its still unfolding before our eyes
I think he already picked Joy Reid. She knows how to lie real good
Why did so many people trust a blondie ?
There is something odd in his testimony. He claims that there are rarely any situations where someone knows or comes up with medical ideas without a degree. That's b.s. A simple Google search would prove that.
Don't get me wrong, I think she is a charlatan. But he states it as being the reason he was skeptical of her.
Jesús christ this guy is doing some hardcore marketing
It's a book tour.
That's like saying these guys are speeding at Indy.
Dear sir or madam, would you read my book. It took me years to write, will you take a look.
Please do NOT kick a dead dog. She had a dream, and worked hard on it. The dream became nightmares, but still beat the most others doing nothing with their lives. Does any poor lose money on this ordeal? Just those filthy riches lost some money which they will never need and care which again won't change a bit of their life style. But, as technology advances, her dream will come true.
Behold the noticeable whiffs of jealousy and subtle passive-aggressive behavior on the part of John Carreyrou towards Elizabeth Holmes. It's as if he had a personal vendetta against her for some reason, and needed to justify his 'three and a half years of research' via a an ostensible brushstroke of public heroism (i.e., saving the public from the dangerous and faulty tests). Was he dissed or blown off by Elizabeth and Theranos when asked to do an interview, or some other ego bruising deflection? In any case, this seems to be the partial fruit: his own 'woman scorned' routine. Though he's a man.... very interesting dynamic in any case.
CAMERADO I thought it was only me
Read the book. He used basic journalistic methods to pursue a story.
CAMERADO Hi Elizabeth!
The fact that the US Attorney's Office filed charges validates Carreyrou, his motives and his reporting. Holmes and Theranos was a BIG CON that needed to be exposed.
Behold the dipshit projecting motives onto him with no evidence. He's an investigative reporter who has won a pulitzer for writing about healthcare related issues. Having theranos go live at Walgreens locations when she knew the technology was nowhere near being ready literally put peoples lives in danger. Try looking into this a little more and you'll realize what an idiot you sound like with your half-assed attempt at ascribing bad motives to him. Did I mention you're a dipshit?