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Channing Rex Robertson is Emeritus Professor of Chemical Engineering at Stanford University. 16 Jun June 16, 2022. channing robertson reputation. Perhaps, she joked, I should bring them with me and give them to people as gifts., Theranos Founder Faces a Test of Technology, and Reputation, https://www.nytimes.com/2015/12/20/business/theranos-founder-faces-a-test-of-technology-and-reputation.html. Ms. Holmes insists, however, that the company can still rely on some of its technology, which she wont specify. ", Attorney: "So you lied to Dr. Young when he asked you that question?". Mr. Holmes had a distinguished career in public service, holding a number of senior government positions in Washington. 21 /r/theranos, 2021-11-17, 17:05:59 Permalink. He opened the doors for her. "She compensated him very, very well," Kathrein said. The Rise of Theranos Theranos claimed they could run over 200 tests from a single drop of blood. Lawyer: J. Channing Bennett: Phone: 971-239-0543, 503-581-1501: Fax: 503-581-5891: Lawyer Title: Partner: . , Elisabeth Holmes. Early on, Ms. Holmes courted pharmaceutical manufacturers, where the Theranos technology would allow companies to conduct clinical trials at lower costs. It was becoming more and more clear to me that she had it. While Theranos was performing venous and finger-stick blood testing at Walgreens, Holmes said under oath that a venous draw's test did not indicate the type of device that Theranos was using. Former Senator Bill Frist is on Theranos's board. -. IUDs are attached to a string for removal, but the Dalkon Shield's string, Klein told Robertson, had been made not of a single strand, but of multiple fibers. As for Robertson, he served as a witness during Holmes trial in 2021. "There was no secret that Theranos was doing traditional blood testing.". While Holmes and her counsel did not respond to our repeated requests for an interview, Balwani's attorney, Coopersmith, agreed to join ABC News' Rebecca Jarvis for his first in-depth conversation. "They never got back to me and said there's a mistake here there were no corrections," Parloff said. It was her advisor and dean at the School of Engineering, Channing Robertson, who first supported her vision of a less bloody medical future. Their claims about their secret, groundbreaking technology that was made to patients, to investors and to the public, were under fire. 500k a year can stop you seeing things clearly I've raised his involvement on here before. Anyone can read what you share. Tyler Shultz, the grandson of George Shultz, one of Theranos' former board members, says CEO Elizabeth Holmes knew the company's devices couldn't perform all the blood tests she claimed they could. Robertson was impressed with Elizabeth Holmes and her vision. . I mean, I, I don't, I'm sorry. Everything he ever did in his life he got through earning it through incredibly hard work. Another board member with a sterling reputation was Channing Robertson, the associate dean of Stanford's School of Engineering. Mr. Holmes took a Hearst daughter to a debutante cotillion in 1967. Today, Arriola is the general manager and a partner at Microsoft, after working as the director of product design in AI for Facebook. Parloff said he arranged to visit Theranos headquarters in Palo Alto, California, to interview Holmes and spent three days with her. After Carreyrou's first Wall Street Journal article about Theranos came out Oct. 15, 2015, Parloff said he went back to Theranos with questions. If you haven't listened to episode 1, episode 2, episode 3 and episode 4 we advise that you do so first. (He also worked at Google after his time at Theranos. Holmes and her counsel did not respond to ABC News' repeated requests for comment. She is now trying to take back control of the Theranos story. ENERGY 30N: Busting Energy Myths. There are lots of other important revelations in the depositions where the truth doesn't match what Theranos was pedaling at the time. So things worked out really well," Shultz told Refinery29. TV Shows. ", Robertson caps that with a phrase apposite for a man who's accomplished so much and yet remains excited for what's still to come: "Stay tuned. The lawyer who first put Robertson in a witness box, Stanford alum Anthony Klein, was representing women injured by a contraceptive product called the Dalkon Shield, an intrauterine device (IUD). Not only did Holmes and Balwani both admit to not telling Walgreens they were using third-party machines, Theranos' advertising at the time also indicated its testing only needed "one drop of blood. Stanford. The committee's findings led to legislation pending in Congress to create a new federal agency to standardize forensic techniques and certify forensic labs across the nation. It seemed Stanford professor Channing Robertson, one of Holmes' earliest cheerleaders, . "He oversaw the lab operations from a business perspective," Coppersmith said. ), "Don't contact me about Theranos, just go read Carreyrou's book," his Linkedin reads. channing robertson reputation. If she is worried, she doesnt let on. ", Holmes: "Yes David's PR person told me that it was going to be a cover story and that it was going to be a big piece on Theranos.". No POC would ever have gotten anywhere close to what she almost got away with. In fact it is at the agencys mercy. At this point, her investors and the advisers seem willing to be patient. ", Then in December 2014, as Holmes was hyping plans to expand Theranos Wellness Centers into thousands more Walgreens, she told an auditorium full of people at a Fortune conference that within five years a Theranos device would be "within 5 miles of every American's home.". Noel Anne Daoust worked as a congressional aide to Representative Charlie Wilson, among others, although she took a dozen years off to raise her two children. Bc he was thinking with his johnson and not his brain. Chemical Engineering (E20) is an introductory course offered by the Stanford University Engineering Department. Listen to "The Dropout" for free on Apple Podcasts, Google Podcasts, iHeartRadio, Spotify, Stitcher, TuneIn, the ABC News app, or your favorite podcast player. Theranos sought to revolutionize the medical diagnostics world by greatly increasing efficiency in laboratory testing, until it all came crashing down. His and so many other stories like it had made the rounds, potentially convincing patients to take Theranos tests and doctors to recommend them. In his report, Bilton noted Holmes ditched the black turtlenecks for "athleisure," and has a "chipper" outlookeven looking to start another company and gauging interest in a book deal or documentary to tell her side of the story. ", "But, obviously, when we look at this after the after the fact, it has been a business failure," he added. I dont understand it. Her mother had connections, too. [1] He received his Ph.D. from Stanford under the supervision of Andreas Acrivos. "For example, the Wall Street Journal report relies heavily on a particular employee named Tyler Shultz, who was George Shultz's grandson," Coopersmith said, referring to the former secretary of state. "She was dressed in a dark hoodie and jeans and didn't look to have any makeup on or anythingshe looked very young,"he said. Everything's, everything's, everything's just exactly right the way it is.". She talks about publishing the companys internal data, and the company has plans to hold a session with outside experts even sooner to try to convince the doubters. Lessons from Theranos for Corporate Governance. He was the most hard working person pretty much I've ever met.". "Over the years, we're going to force them to reduce the harm, to the point that, I suspect, they'll probably figure out something else to do for a business.". In recent years, Ms. Holmes says, the companys sole focus has been to make lab tests widely available by teaming up with drugstores like Walgreens. "As it turned out, a lot of the reporting in The Wall Street Journal, it turned out to be completely false.". Parloff? No one is really prying into him. Channing R. Robertson is an emeritus professor in the Department of Chemical Engineering at Stanford University. But even with all this happening, venture capitalist Tim Draper, one of Holmes' earliest investors, passionately defended her in 2016 when he spoke to ABC News Chief Business, Technology and Economics Correspondent, and host of "The Dropout," Rebecca Jarvis. If sunny came to him with this idea, channing would have shot it down from the get go because his brain would have been working. Because my grades senior year were a lot worse than my grades the previous three years because I was taking so many classes, and I already had this job locked up at Theranos, so I decided to focus my attention elsewhere.". Holmes' biggest get from Apple? "Mr. Shultz's testimony under oath, his claims about failures in Theranos' proficiency testing, he lied about that. It has struggled to forge business relationships with other potential partners, like Safeway. People Executive Committee Tag: Channing Robertson Holmes and the Theranos Affair. Create an account to follow your favorite communities and start taking part in conversations. The rest, Robertson says, "are essentially empirical and based on individual judgment.". In 2017, Robertson was delegated as co-head of Theranos' lead innovation advisory body. In the early 1990s, Mr. Holmes moved the family to Texas where he worked for energy companies, including Tenneco and Enron. private social media account of the couple on his Twitter account, g to bring the power of medical grade in-vitro diagnostics into the homes of consumers and patients. That's unquestionable.". Richard Kovacevich, chairman of Wells Fargo, joined Theranos's board in 2013. Institutions whose names were often linked with Theranos, like the Cleveland Clinic, insist they have not yet had a chance to use the technology. He gambled, and quiet frankly from my perspective won. Robertson proves to be a source of confidence for Holmes, and his presence is crucial to Theranos in its early days. June 16, 2022. In 2013, Carreyrou wrote, "she forced through a resolution that assigned one hundred votes to every . Getty Images. Then there is Channing Robertson, the Stanford University chemical engineering professor who, unlike other members of the Theranos board, had scientific expertise that should have helped him see . "I think it's pretty convenient not to be able to remember something like that, under oath.". Includes free contact info & photos & court records. Entertainment Television, LLC A Division of NBCUniversal. Patch Up Your Reputation. ", When asked if Balwani felt duped by Holmes, Coopersmith adamantly said, "No. "Once we started working together it was a very intense relationship and that romantic piece that was there at the very beginning died," Holmes said. So she shared the information with Shultz, who was in a unique position because of his ties to Holmes and the board of directors. Stanford, CA 94305 Movies. But Theranos was leaving them off the test demonstration reports. I'm pretty proud of myself for everything that I did. "Elizabeth sees herself as the victim," a source close to Holmes toldVanity Fair, adding, "One of Elizabeth's superpowers is she never looks back.". I don't think it happened in one moment, but it was very clear that we were colleagues," Holmes said in her deposition. "I don't think about it that much. I dont get it either. SEC attorney: "Why wouldn't you tell Walgreens? She wants to change the world in health care., But that patience may be wearing thin. WhenHolmes was a freshman, she proposed her idea to Dr. Gardner, who quickly told her it was just not possible. During their separate 2017 depositions, the SEC asked both Balwani and Holmes why they concealed that information. "Not a lot of camaraderie, a lot paranoia," is how Maxwell described the vibe in the Theranos offices, with Vollmer explaining she kept the departments separate, so on one was communicating (aka figuring out what was going on). Holmes has the help of her lecturer, Channing Robertson, in her search. ", Holmes: "Not at the time, because at the time I thought it was all about the aspiration and the vision. In 1997 Robertson, an acknowledged expert in the transfer of chemicals across biological boundaries, presented that chain of reasoning at the innocuously titled Minnesota Tobacco Trial. Ms. Holmes said that she needed secrecy to keep others from stealing her ideas, but several former employees say that Ms. Holmess steely focus on her mission an attribute deeply admired by outsiders made it difficult for her to acknowledge any serious shortcomings in the companys products. "His father tragically died at a pretty young age of a heart attack in India, and Mr. Balwani felt that the the healthcare was not what it should have been -- that if he had had the right test, if they had diagnosed the problem, his dad might still be alive today," he said. Theranos prices, posted on the company website, are a fraction of prevailing rates charged by competitors. Ya, 500k a year for little to no work would be hard for anyone to say no to. He was a very kind, tolerant person but he hated her so . You know, I began to drink the Kool-Aid. "She knew what was going on," Kathrein told Jarvis on "The Dropout." But during that time, in the US alone it caused at least 18 deaths, an estimated 66,000 miscarriages and untold numbers of infections and cases of infertility. "Eventually they gave me this statement acknowledging that certain things were inaccurate," Parloff said. Web Login. She had no trouble making deals with pharmaceutical companies. She was stripped of her control of Theranos, banned from serving as an officer or director of a public company for 10 years, and agreed to pay a $500,000 fine. And he says, 'Well, that's exactly what's happening.'". Holmes and Balwani would attempt to fix this by using lawyers, reputation management firms and defensive statements, but by now, the federal government was involved. Stephan Gibbs. channing robertson reputation. It seemed Stanford professor Channing Robertson, one of Holmes' earliest cheerleaders, was also still supporting her despite the building controversy. Richard Fuisz is reportedly a former family friend of Elizabeth Holmes who knew her since childhood, but they've since had a big falling out. Walgreens and Theranos settled for an undisclosed sum with no finding or admission of liability. Then there was Donald L . Beyond cost, Ms. Holmes wants to allow people to bypass doctors and established labs to order and receive their own affordable diagnostic tests, accessible at the pharmacy down the street. Theranos had never told the drugstore giant about the surprise FDA inspection on its labs. unexpectedly inspected its manufacturing facilities, where it makes its proprietary equipment, in August and September. "Sunny Balwani is an extraordinary person," Coopersmith continued. Ms. Holmes persuaded George P. Shultz, the former secretary of state, whom she met at a conference, to join in 2011. "From 2013 through 2017 she paid him more than anyone else at the company. Here's a list of some of the investors, supporters and members of Theranos' board of directors that contributed to the exponential growth of the reputation and validation of the company's authority in the field of health technology. Reportedly, he received a salary of $500 thousand a year from Theranos. He maintains a full course load of teaching in the School of Engineering and continues to serve both the WHO and NAS committees. Parloff told Jarvis on "The Dropout.". George P. Shultz, the former secretary of state, was recruited to Theranos's board in 2011. investigation published in The Wall Street Journal. ", When pressed about that instance, Coopersmith said, "Mr. Balwani was very passionate about Theranos and its technology, and he wanted it to succeed with all his heart.". It is very much to me about a mission, she said, not a job.. This was exactly the sort of thing the company was supposed to do. Mr. Lucas is a godfatherlike figure in Silicon Valley who built his reputation by investing in a little start-up called Oracle. He did not defraud consumers, but instead worked tirelessly to empower them with access to their own health information. Klein asked Robertson to provide expert testimony in his case. ", "That's not what is going on here," he continued. Nine days after Coopersmith's interview with ABC News, his office emailed us a transcript from a deposition with Shultz, from an investor lawsuit filed against Theranos. Managing reputation risk 3 June 2022; Frauds, terrorism, and bathtub curve 5 May 2022; Fintech and Financial Stability 1 May 2022; These were all just friends of George, said Mr. Kovacevich, who was also introduced to Ms. Holmes by Mr. Shultz. Theranos says it never intended the meeting to be anything other than an informal demonstration of its technology. "My transcribed notes of her conversations alone came to about 42,000 words, and I didn't even transcribe the last couple of tapes," Parloff said. Oh, and when it comes to her infamous voice, the possibly fake baritone, her family members insisted to TMZ that it is real, and low voices run in the Holmes family. Sweet Hall 2nd Floor 590 Escondido Mall Mail Code: 3068 Stanford, CA 94305 We didnt need advertising, Mr. Kovacevich said. Hed risk to lose more (his reputation) than hed gain. Born in Pakistan, Balwani came to the U.S. in 1986 for college and became a millionaire as an executive at a software . Robertson was one of the stars of the Stanford faculty. ", "He had been wanting to leave for some time," Coopersmith said. Compared to Elizabeth, much less is known about Balwani's personal life. He retired from teaching at Stanford and took on the role of an emeritus professor. Eventually, well get there, she said. Holmes makes the decision to pursue her idea for a microfluid blood-testing device and disrupt the market. All rights reserved. But Parloff told ABC News he interacted mostly with Holmes when putting together his story. Coopersmith said if he had to give Balwani a grade for the job he did at Theranos, he "would give him an A -plus for dedication and effort. After Robertson was persuaded in the series, he was shown as the one . A trial date has yet to be set for Holmes, though she is expected back in court in San Francisco on April 22 for a status hearing. Former Theranos employee Erika Cheung is seen here during an ABC News interview. Irwin is known for his exhibitions in different . The character seems to be precision-engineered to appeal to Silicon Valley's vision of itself. Jun 09, 2022. channing robertson reputation ", Coopersmith's response to the misleading marketing campaign was that "it never said that's the only way it would go.". ", "I think though, the unfortunate thing is that in our system of healthcare there's mistakes that are made every day. That is a remarkable valuation for a start-up, but it might be justifiable if Theranos executes on Ms. Holmess vision: to harness engineering technology to make laboratory testing radically cheaper and easier than tests from established behemoths like Quest Diagnostics and the Laboratory Corporation of America. SEC attorney: "Did you reach out to Mr. "It was just a 19-year-old talking who'd taken one course in microfluidics, and she thought she was gonna make something of it.". Holmes and Balwani each were charged with nine counts of wire fraud and two counts of conspiracy to commit wire fraud, to which they both pleaded not guilty. SEC attorney: "But if some of the results came back incorrect, how did you know that the results that he did report were correct? During her deposition, Holmes kept repeating the same thing -- variations of "I don't know specifically" or "I'm not sure" -- more than 660 times. She claims her mother dressed her and her brother in black turtlenecks when they were young and now she finds them comfortable. Im sure Stanford was like bro you gotta go and let him leave on his own accord. Fuisz says Theranos spent $5 million on lawyers while he spent $200,000 a month to defend against the suit--and ultimately represented himself. Ms. Holmes argues that the companys focus over time simply shifted away from the pharmaceutical industry, but it was able to successfully use its technology. I think I, just reading this now, interpret it as I agreed that we should start engaging with the other retail opportunities that we had. International Graduate Student Programming Board, About the Equity and Inclusion Initiatives, Stanford Summer Engineering Academy (SSEA), Summer Undergraduate Research Fellowship (SURF), Stanford Exposure to Research and Graduate Education (SERGE), Stanford Engineering Research Introductions (SERIS), Graduate school frequently asked questions, Summer Opportunities in Engineering Research and Leadership (Summer First), Stanford Engineering Reunion Weekend 2022, Stanford Data Science & Computation Complex, framework group writing a global treaty on tobacco, National Academy of Sciences' Committee on Science, Technology and Law, new federal agency to standardize forensic techniques and certify forensic labs, Bass University Fellow in Undergraduate Education, Introduction to Chemical Engineering course. "I think that at the end of the day, everyone was concerned that we were not giving people the right results," Shultz said in his deposition. They saw as far as a new blood sugar or cholesterol test, but, she said, we want to build a whole new lab.. Im assuming then he saw the schematics. Will Channing Robertson face any consequences for getting duped and supporting this fraud? "I just have to laugh -- like, this is somebody who definitely was not uninformed in the company," Craig told Jarvis on "The Dropout.". Buy John Carreyrou's book, Bad Blood', if you want to know more about my experience here.". "Mr. Balwani believed in Elizabeth Holmes and her vision for the company. Press question mark to learn the rest of the keyboard shortcuts. At a very young age, she persuaded powerful people to invest hundreds of millions of dollars in her mission. ", Former Theranos employee Michael Craig is seen here talking with ABC News' Rebecca Jarvis during an interview for "The Dropout.". He remembered her saying, "I make all the decisions here.". Holmes gave him a copy during their first meeting at his ranch near San Francisco. After giving up 15,000 Apple shares to help Holmes in her mission to change the world, Arriola quickly began noticing Holmes' odd behavior, including her obsession with Jobs. Despite the fact Holmes said she "doesn't know" or "isn't sure" about something hundreds of times, Kathrein, who sued Theranos on behalf of investors, said it wasn't possible the company's founder and CEO was blind to everything going on.