You can craft the best pitch for your product, 'but it better be true,' says Dr. Don Heider of Santa Clara University.
Holmes was convicted in Jan. on four counts of defrauding investors while running her failed blood testing start-up, Theranos."The only good thing that happened for Ms. Holmes today in this case was that she left the courtroom not in handcuffs," Clark told ABC7 News.Life after Theranos: What 130 personal letters to sentencing judge reveal about Elizabeth Holmes
Following her sentencing, witnesses reported seeing Holmes running from court hand-in-hand with her partner, Billy Evans. Dr. Don Heider, executive director of the Markkula Center for Applied Ethics at Santa Clara University, said the judge's sentence sends a clear message to Silicon Valley: You can craft the best pitch for your product, "but it better be true."Holmes' sentence includes three years of supervision, following her eventual release from prison. Restitution has not yet been decided, but prosecutors wanted Holmes to pay $804 million.
"I think investors would like to believe this is a one-off and can never happen again. And yet, here's a pattern," Dr. Heider said, referencingRELATED:In court on Friday, a pregnant Holmes took the stand in tears after hearing testimony. Courtroom sketches depict the moment she described taking "full responsibility" for the company's failures.
"I think the court took into consideration Ms. Holmes' pregnancy," Clark said. "Not so much in the sentencing, but in the fact he allowed her to stay out to have her child, and gave her some time to bond with this child.""Her conviction ultimately was about the investor," Dr. Heider said. "But there are also all the employees, many of whom really weren't in a position to know that Theranos was a fraud.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Over Don: Republicans slam Trump for 2024 announcement that is splitting partyAs former President Donald Trump gears up for a third White House bid, Republicans on Capitol Hill are split on whether to back the former president for another term or to seek other options.
Lire la suite »
MLS commish Don Garber fulfilling dream of NYCFC stadium in Queens ‘backyard’MLS commissioner Don Garber grew up in Queens, and on Tuesday mayor Eric Adams announced his formal support for a new stadium for NYCFC in conjunction with an affordable housing project and hotel, …
Lire la suite »
John Slattery wanted to play Don Draper on Mad MenMad Men star John Slattery recalls vying for the lead role before being cast as Roger Sterling alongside Jon Hamm's Don
Lire la suite »
Listen to the full season of 'Rediscovering: Don Bolles, murdered Arizona journalist'With cassette tapes of Don Bolles' interviews, our podcast tells the story of the murdered journalist using his own voice.
Lire la suite »
Don Bolles loses fight for life: Remembering the reporter with his 1976 obituary12 days after the investigative journalist was car-bombed and 1 day after he died, The Republic ran this story on the front page.
Lire la suite »
More Santa Ana winds to bring extreme wildfire risk to Southern California this weekendAnother Santa Ana wind event is expected to take place Friday evening into Saturday, and combined with low relative humidity, will bring critical risk for wildfire in Los Angeles and Ventura counties.
Lire la suite »