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What Next TBD: Elizabeth Holmes on Trial

Slate Daily Feed

Slate

Society & Culture, Business, News

3.91.1K Ratings

🗓️ 27 August 2021

⏱️ 23 minutes

🧾️ Download transcript

Summary

Elizabeth Holmes convinced countless people that her company would change the world. Can she convince 12 jurors that she didn’t intend to deceive her company’s patients and investors? Guest: Rebecca Jarvis, host of “The Dropout” podcast and ABC News Chief Business, Technology & Economics Correspondent Host: Lizzie O’Leary Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Back in 2013, ABC News correspondent Rebecca Jarvis was working on a story about high medical

0:09.7

costs.

0:11.3

And we featured a woman who was spending a lot of money on blood tests.

0:17.4

And after that story ran, Rebecca got a pitch about a new startup.

0:21.0

Hey, there's this blood testing company, Theranos, and they can save your viewers a lot

0:28.6

of money.

0:29.6

She checked it out, but couldn't get anyone to independently verify that these Theranos

0:34.3

blood tests, which only used a finger prick and not a traditional vain stick, were actually

0:39.5

going to be better and cheaper.

0:41.2

It was one of those things where, huh, this just, it doesn't fully line up.

0:46.5

It doesn't live up to what it would take for me to even consider covering it as a solution.

0:53.8

So Rebecca didn't do the story, but other reporters did.

0:57.6

And then shortly after that pitch, Elizabeth started showing up in all of these places

1:03.8

and was very much a celebrity.

1:09.2

Elizabeth was Elizabeth Holmes.

1:11.8

Stanford dropout, Theranos founder and CEO, billionaire superstar, and media darling.

1:18.3

Elizabeth Holmes left Stanford University at the age of 19 to build a company.

1:24.0

A healthcare pioneer is being compared to visionaries like Bill Gates and Steve Jobs.

1:28.4

This morning Elizabeth Holmes is part of the new time 100 lists just out.

1:34.1

Holmes promised to revolutionize blood testing.

1:36.9

She was young, rich, charismatic, and seemingly everywhere.

1:41.5

Whenever there's a quote unquote glass ceiling, there's an iron woman right behind it.

...

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