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Theranos Executive to Depart Amid Regulatory Probes

wsj.com

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Re: Theranos Executive to Depart Amid Regulatory Probes

#41

Post by nihonde »

ceocoder wrote: post #21
markk wrote: post #15

Earlier quoted context omitted.

We know that money is not a great thing to measure to ascertain happiness, so I feel her bank account is irrelevant. And compassion is not a finite resource.

It is really hard to feel happy when you are poor (first hand experience), Money can buy happiness[1][2]. Conversely we do feel much joy when we see someone we envy fail, more so if we feel (rightly or not) that their success was ill deserved[3]. [1] https://si.wsj.net/public/resources/images/WE-AA766B_HAPPY_1... - from page 12 of [2] [2] http://www.brookings.edu/~/media/research/files/papers/2013/... [3] https://blo…

I like Alain de Botton's take: money and status are essentially a proxies for love, in that people feel worthwhile if others "pay" attention/respect/cash to them. (Heavily paraphrased)

Now consider that Buddhist monks are forbidden from handling money, preparing their own food, and are willingly entirely dependent on the charity of others. It is a kind of self-imposed poverty that demonstrates how much a person can achieve without much more than the shirt on his back.

Re: Theranos Executive to Depart Amid Regulatory Probes

#42

Post by lighttower »

markk wrote: post #15
jonknee wrote: post #12

Earlier quoted context omitted.

Yes there is, she was selling bogus blood tests! Who cares about her feelings when innocent people made actual medical decision based on her junk science? And really what is there to be compassionate about? That she will be less rich?

We know that money is not a great thing to measure to ascertain happiness, so I feel her bank account is irrelevant. And compassion is not a finite resource.

But she is not different from any Ponzi schemer. Talk up your amazing investment expertise or chemistry genius and get people to trust you with money. The people who invested with her are VCs and wealthy accredited investors. As were Madoff clients.

Re: Theranos Executive to Depart Amid Regulatory Probes

#43

Post by rosege »

markk wrote: post #25
ceocoder wrote: post #21

Earlier quoted context omitted.

It is really hard to feel happy when you are poor (first hand experience), Money can buy happiness[1][2]. Conversely we do feel much joy when we see someone we envy fail, more so if we feel (rightly or not) that their success was ill deserved[3]. [1] https://si.wsj.net/public/resources/images/WE-AA766B_HAPPY_1... - from page 12 of [2] [2] http://www.brookings.edu/~/media/research/files/papers/2013/... [3] https://blo…

Wrt money - I'm just pointing out that assuming someone is happy because they are rich is flawed. 3 is interesting, and backed up by what's happening in this thread. My question is really: is that the world we want to live in? Throughout human history we have gradually been curtailing our violence as a species, and I hope everyone here thinks that's been a good thing, and hopes it will continue. Wishing suffering on…

Just my 2c but I really dont think wishing suffering on somebody is a form of violence. How can it be when they arent even aware of it. Wishing is something that just occurs in your own head and I think portraying this as violence would be insulting to people who have been the victim of real violence.

Re: Theranos Executive to Depart Amid Regulatory Probes

#44

Post by lighttower »

w1ntermute wrote: post #37
kiba wrote: post #36

Earlier quoted context omitted.

Really? Would her family disown her? What jobs would she get?

Given she was able to swindle investors out of hundreds of millions of dollars, I don't think she'll have any difficulty convincing her family not to disown her. She probably doesn't need a job, given her family's wealth, but her father is well-connected government official. I'm sure he could get her a position at some agency or other, if she really wanted one. > Elizabeth’s father, Christian IV, grew up in Californi…

Do you know for certain that she's worth millions? Aren't her stock options tied to performance? And if she has tons of stock but it goes to zero...

Re: Theranos Executive to Depart Amid Regulatory Probes

#47

Post by mathattack »

rconti wrote: post #8

"Mr. Balwani, the Journal reported, told them in an email, “I am extremely irritated and frustrated by folks with no legal background taking legal positions and interpretations on these matters.” He wrote, “This must stop.” He then ordered the employees to only report to the accrediting organizations results from proficiency tests performed on conventional devices, and not the results of those tests obtained from the…

It's a shame that their problems stem first from lying to investors, rather than to regulators and consumers.

Re: Theranos Executive to Depart Amid Regulatory Probes

#48

Post by IIlllIllIIIIlII »

rconti wrote: post #8

"Mr. Balwani, the Journal reported, told them in an email, “I am extremely irritated and frustrated by folks with no legal background taking legal positions and interpretations on these matters.” He wrote, “This must stop.” He then ordered the employees to only report to the accrediting organizations results from proficiency tests performed on conventional devices, and not the results of those tests obtained from the…

He's frustrated by people with no legal background making legal judgments.

We're frustrated by people with no medical background making fake devices.

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