Wall Street Journal reporter John Carreyou’s long crusade to expose Elizabeth Holmes’ Silicon Valley blood-testing start-up Theranos as a fake-it-until-you-make it hoax resulted today in the SEC imposing a ten year ban on Holmes and a $500,000 fine for “massive fraud.”
A little noticed aspect of the story is that Holmes was a true believer in the power of the Deep State, recruiting for her board aged national security superstars like former secretaries of state George Schultz and Henry Kissinger, past and current secretaries of defense like Bill Perry and James Mattis, and so forth.
A few lessons:
Elderly machiavels don’t actually know anything about medical technology.
Contrary to the conventional wisdom, Old White Men actually like young blonde women.
Our elites really believe the conventional wisdom that there must be all this discriminated against non-white male talent out there. Obviously, the only reason there haven’t been female, black, or Hispanic Steve Jobs yet is because of discrimination. So if Elizabeth Holmes dressed like Steve Jobs, then she probably is the New Steve Jobs.