Theranos exec Sunny Balwani sentenced to 13 years in prison
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Re: Theranos exec Sunny Balwani sentenced to 13 years in prison
#2No post body was provided.
Re: Theranos exec Sunny Balwani sentenced to 13 years in prison
#3I'm happy he got even more than Holmes (11 vs 13). The book made him sound worse than she was and he was the mastermind internally at keeping the staff working and building a culture of misdirection and obedience. He was firing people on an almost daily basis for a while whenever someone questioned their bullshit.
Holmes was the showpiece, who got to play the pretend female Steve Jobs visionary role to the press and investors. And naturally took most of the heat. But the house of cards would probably have fallen apart way sooner if he didn't run the show in the background.
Re: Theranos exec Sunny Balwani sentenced to 13 years in prison
#4Quoted post unavailable.
My reading of the situation is that Elisabeth Holmes was his victim. Not saying she's innocent, but I think she was in a tougher situation than Sunny Balwani.
Re: Theranos exec Sunny Balwani sentenced to 13 years in prison
#5HE was convicted on 12 counts. She was convicted on 4 counts.
https://www.npr.org/2022/12/07/1141278121/theranos-sunny-bal...
In July, a jury found Balwani guilty on all 12 felony counts of defrauding Theranos investors and the patients that used the company's unreliable blood tests.
In comparison, Holmes was convicted of four wire-fraud related counts and sentenced to a little over 11 years in prison last month.
Re: Theranos exec Sunny Balwani sentenced to 13 years in prison
#6Quoted post unavailable.
He was convicted on 12 counts. She was convicted on 4 counts.
Re: Theranos exec Sunny Balwani sentenced to 13 years in prison
#7Quoted post unavailable.
Seems strange that she got away with more, I can't qwhite put my finger on it
Re: Theranos exec Sunny Balwani sentenced to 13 years in prison
#8Quoted post unavailable.
Fortunately, all the court proceedings, arguments, and reasoning are entirely public, so an academic could examine all of this very closely and report on how sexism may or may not have played a role in the disparate sentencing.
Any such analysis would have to start with the fact that he was convicted on 12 counts, and she was convicted on 4.
Re: Theranos exec Sunny Balwani sentenced to 13 years in prison
#9I've been waiting for a Theranos post to dredge something up. On a very early Theranos post in 2013, there was a commenter who identified the company as a scam several years early. Naturally, they received minimal attention. Interestingly, though, it was the only comment they ever made. I've wondered if it was a disgruntled insider wanting the truth to come out.
Re: Theranos exec Sunny Balwani sentenced to 13 years in prison
#10I'm happy he got even more than Holmes (11 vs 13). The book made him sound worse than she was and he was the mastermind internally at keeping the staff working and building a culture of misdirection and obedience. He was firing people on an almost daily basis for a while whenever someone questioned their bullshit. Holmes was the showpiece, who got to play the pretend female Steve Jobs visionary role to the press and…
I read the book and also agree with this. She was the CEO, but he "ran" the company. He also put millions of his own money into it to keep it afloat. He should've been the "adult supervision", so to speak.