cover of episode Encore: Theranos | The Race to Publish | 3

Encore: Theranos | The Race to Publish | 3

2024/10/1
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American Scandal

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John Carreyrou, a respected journalist at the Wall Street Journal, receives a tip from a doctor and blogger about potential issues at Theranos, leading him to begin an investigation.
  • Carreyrou receives a tip from Adam Clapper about potential issues at Theranos.
  • Clapper connects Carreyrou with potential sources who are scared and tied up in lawsuits with Theranos.
  • Carreyrou starts researching Elizabeth Holmes and Theranos, sensing a major story.

Shownotes Transcript

Hi, this is linsey gram, host of american scandal. Our back call ague has moved behind a payland. Recent episodes remain free, but older ones will require a wone plus subscription with wondering, plus you get access to the full american I add free, plus early access to new seasons and more join wondering plus in the wondering APP or on apple podcasts.

Its february two thousand fifteen and a monday morning in manhattan, john Carry room climbed the stairs of a subway station alongside a crush of other commuters. When he stepped out into the city streets in midtown, he's greeted by bumper to bumper traffic and crowds of people hurrying in disguise. Ripes ers Carry woo buttons up his coat, the cold wind blowing through his mop of Brown hair.

Then he slipped into the crown and begins herring into his office in a building that also reaches toward the gray winter sky. Carrie u has a lot of work ahead of him for years. He's been a reporter at the wall street journal.

He's a highly respected journalist, and he's recently finished an investigative piece about medicare fraud. That story was all consuming, but now that is behind him, it's time to get back to work to find his next great feature story. Carry rose steps into the newsroom of the wall speech is a beautiful chaoticity reporters tight furiously on their keyboards while interviewing sources for their stories.

Phones ring in every direction. Up above flat screen tvs are tuned to news about the markets and politics Perry wu has been in this building a thousand times, but he'll never get tired of the newser or the important work of holding people in power accountable for their actions. Moment later, kerrie reaches his messy desk.

He barely has a chance to take off his coat when his phone rings. John, john, clap, got minute. Good time.

And i'm just starting to look for my next story. At some point I was going to talk with my favorite physician, slash bloggers, slash consulting. You know, you are a huge chance for the medicare series.

Well, was my plant. But, you know, I might be the gift that just keeps on giving. All right. Well, you got on all years.

Carrie reaches into his bag and fishes out a notebook and pen well, and you read the feature in the new york ker last week, lisp homes. And there, eros pioneer who dreams big drops out of college, builds a revolutionary piece of technology. Yeah, was compelling story.

But john, did you notice, I mean, the whole federal stories full the holes. Um maybe john, I think you are curious about design what you think, how to mean? Wow, there are some pretty big claims there.

They don't have any peer review days, right? And then homes, SHE studies, chemical engineering for just a few semesters when she's ready to become the next edition yeah, that bothered me too. So I raise some questions about there.

Not so my block. And when you know what a group of people contact to me, oh, I can't tell you just yet. I ve got to check with them first, but they might be willing to talk with you.

They've got some information you're going to want to hear and could be you big how big, john? Big Carrier poses. Let's the word sick in.

Well, the listen, if this is for real and they want to talk, send them my way, please course. But there's one more thing. Please be delicate with this one. The people are connecting with their.

they're scared. Carry hangs up and leans .

back in his chair. More often than not, tips like this don't turn into anything serious, but he trust clappers judgment. And as Carrying returns to his computer and begins researching eliza with homes, he starts to get that electric tingle.

Curiosity, this story is different. And if his got reaction is right, there's something behind theano. Is success, something dark? American scandal is sponsored by audio.

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From wondering, i'm lenzing gram and this is american scam.

By two thousand and fifteen, Elizabeth homes have grown to be a celebrity and an icon of the tech industry. SHE made magazine covers and was heralded as a visionary. President barack obama invited her to serve as a global ambassador for entrepreneur ship, and forbes magazine named her the Youngest ever self made female billionaire.

Yet for all of the public triumph, their noses, blood testing devices, were still now functioning. That left homes, and her teams grambling to keep the full truth from the public. This complex web of lies would attract the attention of john Carry route a dog, get journalist.

In the course of his investigation, he would speak with whistle lowers, who were determined to speak up about their experiences with their s. The investigation would reach far and wide, and soon IT would pose an existential risk to Elizabeth homes company. This is episode three, the race to publish. Its february twenty six, two thousand and fifteen in manhattan and john kerry rules clutching his cell phone ready to make another call. He's already died the number of half dozen times without getting an answer, but he knows he needs to keep trying because if he gets through, he could uncover a treasured trove of information about theron's.

It's been a busy couple of weeks ever since Carry first heard from adam clapper, the doctor and blogger clapper did eventually connect, Carry you with the potential sources, people who associated with Elizabeth homes, and therefore s but as Carrie rude duggs into their back stories, he learned that they were tied up in lawsuits with terreno, making them poor sources for a potential x was a soon Carrie real learned about another potential source, a man who d recently quit their nose after working as the company's lab director. Unlike the others, he wasn't tainted by litigation. And even though kerry ruse calls have all gone to voice mall, it's worth trying again.

So Carrier rules is cell phone and dials the sources number. After a few rings, a man's voice answers and Carry, you introduced himself right away. The man claims up.

He says he can talk. There are those could sue him if they discovered he was talking to a reporter from the wall street journal. Carry rule studies himself.

And thanks to his response, he's been down this road many times before. Inforcements are often jittery and afraid of retaliation, but there are ways to earn their trust and to work with them. So Carry ru on his voice, and he says he completely understands it's Normal for whistleblowers to feel scared.

There's a lot on the line, but he has an offer. The man can use a suit him if he died. There's a pause on the other end of the line.

Then the man says, fine, he'll speak. But from here on out, he'll take the name Allen beam. Kerry ruo agrees.

And soon beam starts telling him about his first days at their us. Back then, he and large hopes that the company would be revolutionary, that would transform healthcare. But that changed when being learned.

The truth about their nose's blood testing device, IT, was a dud. The device, known as an Edison, often turned out error messages and failed quality control tests. Carry rose tribals notes as fast as he can, his pulse quickly.

He can already tell that this is the beginning of a major story being continues, and the information only gets more damaging. He explains that because the edition devices didn't work, serenus began to use other companies equipment with that created a new problem. Serono s insisted only on drawing a small amount of blood, which was central to the sereno sales pitch.

But if you rely on other companies machines, you have to use more than just a drop of blood, so the company had to come up with a work around. Technicians diluted the samples, so there was enough liquid to process. But that made the results inaccurate and sometimes badly.

So according to beam, theron's was not only misrepresenting what he was doing, but IT was reporting test results that could potentially harm patients. Carry roof sets down as pen in shock. This kind of deception is unbelievable.

So he asks beam if he ever tried to intervene. Beam x hails. He explains that he tried to postpone the launch of their noses partnership with wall Greens.

But holmes wouldn't do. IT being also spoke with Sunny bowani, the chief Operating officer. But he was a bully who used intimidation to crush any kind of descent.

Beams warnings fell on death years Carry uu continues scribing furiously in his new pen has been revealed bombshell after bombshell. After speaking for an hour, the two and their call as Carrier hangs up, he feels a familiar rush of a jinan. This isn't just a story about a failed start up.

It's bigger than that. Because if what beam is saying is true, their nose could be the next n round. A tale of hubris and deception, one that could end with an incredible downfall.

Two days later, john Carrier ruo steps through a park in brooklin, new york. The nearby trees are started with frost, and Carry rubs his hand together, trying to stay warm. It's one of the citys called the februarys on record.

Carrie rule should be inside, but he made a promise he's taking his sons to the park so they can play with their friends. And although his faces num Carry, rude doesn't really mind. He is distracted by more important development in the thero investigation.

Alan beam, his confidential source, may soon offer up a cash of incriminating records while he was still at the eros being grew concerned that something bad could happen to a patient who used the thermos blood test, that he could be held personally responsible. So being trying to protect himself, he forward a dozens of worker males to his personal email account. They included messages to Sunny ball wani, in which he detailed his concerns with arenas.

Carrie, who was thrilled to learn about these emails. They could be exactly what he needs to help collaborate beams incredible accusations. So as he places around the freezing park in broker in Carrie, who decides to give being another call to check in when being answers, Carrie, who cuts to the chase, he's hoping that being will send over those old working in us.

There's a moment of silence and then being announced that he has some bad news. The emails are gone. He was forced to get rid of them as part of his legal agreement with theano.

Kerry rule shakes his head, watching his breath turned to steam. This is a disappointing turn of events trying to compose himself. He asks whether being double checked his emails trash or whether he tried contacting his emails provider for support.

There are often ways to get back old delete messages, but being apologizes and says he's sorry, those emails are gone. Carry ou collapses onto a park band, trying to think of another plan. They need some way to corrupt his accusations.

And so he asked me whether he has any other way to get these kinds of damming internal communications being pauses, then says, there might be someone worth talking to. A Younger guy named Tyler is grandfather is George schulz, the former U. S.

Secretary of state, and the thermos board member being doesn't know all the details, but IT sounded like Tyler schulz left the company on bad terms. You might be worth talking to Carry room, not and with his fingers, none from the coal, he takes a note. Tyler schulz could be a promising lead.

He could also be another dead end. It's impossible to know when you're reporting the news, but either way, Carrie rule is going to reach out to see what shells knows about eliza's homes and terminals. It's the spring of two thousand and fifteen in palo alto, california.

In a dark bedroom, Tyler shoulder closes the door and removes a cellphone from his pocket. He turns IT over in his hands, marveling at the step he's about to take. The phone is a prepaid burner, number is untractable, and today schult is going to use IT to contact an investigative reporter and blow the whistle on there.

S. Chilled styles, the number for john, Carry through his fingers, sweating. John, hi mister.

Carry roof. This is tiger. Shalts you message me on late then? Yes, Tyler are high.

I did not think I hear from you. There was a about a month ago. Yeah, no, I don't know.

Sorry, I didn't know what to do. Oh, don't worry. No, I didn't mean to guilty.

I am. I'm just happy. You call. Why did you? Well, I left there not only eight months after coming on board. My parents trying to get me just to walk away, forget about the whole thing, but I don't know, I couldn't. why?

What's on your mind?

Shalts gets out of bed and begins passing the room. There are no this blunt tests. They're just not accurate. What happens if someone actually relies on one of those tests and ends up getting hurt or dying?

And I just couldn't .

stop thinking about it's a terrible possibility a lot of people could suffer and not just the patients, but everyone entering this is orbit, including my grandfather. I mean, he's ninety four. What happens if he dies and thero is exposed and he can't clear his name? That's the last the world ever knows of him.

Well, sounds to me like you want to help get out the truth before that can happen. Yeah, I guess so well, i'm waiting. You want to go on the record.

Shut, shut his eyes, feeling anxious and jittery. No, no, no, no, not yet. But I love, i'm sure you've done your research.

You know, you can trust me. I'm a responsible journalist. 那 算 他 还 不一定 还。

I'm just happy with my life. I ve ve got a new job. I'm doing well.

I I don't want therre OS coming after me. I mean, eliza homes likes to sue people, you know here, if I heard that. But thailand, this can be confidential.

I mean, nearly at first. Ultimately, though, I will probably need something on the record if we want to run a story. For a moment shall to wait the decision.

He meant what he said. He doesn't want people to get hurt, but schulz also doesn't want to offend his own life. But maybe there's a middle way.

It's then that schulz remembers the paper trail before he left heros. He emailed elisabeth homes warning her about issues at the company. One day he printed that email as well as the company's response and tuck the pages under his shirt before leaving the office. Switz has evidence, and he also has his course founders with the new york department of health, in which a state experts suggested that threose was cheating. So while shells isn't quite ready to be the face of the opposition, he still has plenty that he can share with john Carry room, and plenty that can put a stop .

to thein us.

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It's the spring of two thousand fifteen in phenix and arrived ona the door opens inside a starbucks and john kerry rew enters a notebook, talked under his ARM Carrie w. Breeds in the smell of roasted coffee as he makes his way through the busy shot. IT doesn't look like Carry rule source has arrived, so he orders a cup of coffee and heads over to a quiet table in the corner as he waits for his interview.

e. Carrie rof lips through the pages of notes he spoke in with a number of their nose's former employees, and altogether their testimony paints a damaging portrait of the company and its technology. IT appears that their noses at the center of a major fraud.

And with dozens of its witness centres now Operating in storefronts across the country, there knows is putting patients lives at risk. Carry rule is almost ready to publish his first story, but before he does, he needs to capture the human toll of their nosis lies. That's why he's here at the starbucks. He's about to meet with a woman who relied on one of the reno sis test results, suffered some painful .

consequences. A few minutes later.

the front door of the coffee shop swings open and a turkey middle age woman steps inside Carrie, who smiles and rises times to meet his new source. He waves over at marine gLance a patient of one of the doctors who Carry through his spoken with gLance approaches the table. And after some small talk, SHE began sharing the modifying details about her experience with thermos.

This explains that he had some ringing in her ears, so he went to get a blood test from a thermos machine. When the results came back, he was terribly worried, the eros reported the gLance had elevated levels of liver anime and glue cos, among other issues. And with the ringing in her ear, her daughter worried that he might be having a stroke.

So SHE went to the E. R. Kerrie looks up from his snow pant, concerned he asks whether gLance is okay.

SHE shakes her head bitterly SHE is OK, but that doesn't make her any less angry. He spent hours in the E. R, ultimately getting a CT scan and an mr.

They wanted to take every precaution in case that really was a stroke. The doctors also ordered a new round of blood tests, but when those came back, the results were Normal. And so we're all the other tests.

Carrie ruse scribes down the details and his nobility. Then he was gone to the look of sympathy. He apologizes, saying, that sounds like he had to go through quite an ordeal, and all because their nosis test results were inaccurate.

Did he have a good insurance plan that might have covered? IT gLance shakes her head again. He explains that he pays for her own insurance, and her plan has a high deductable.

Altogether, SHE was on the hook for three thousand dollars, all because there anos blood tests don't work. Carrier route takes a final note and considers the weight of this story because of their ono's gLance didn't just endure a frighting health scare. SHE had to deal with the financial consequences too.

And while ultimately he survived, other patients with interactive test results might not be so lucky. Carrie, rude, thanks for for her time he can feel gLances, anger at the inconvenience at the cost and the frightening emotional roller coast gLance was put through, all because of an inaccurate test. And while IT seems like it's just one person and maybe only one thousand dollars, if you multiple at times the scale of theos's ambition, it's a catastrophe waiting to happen.

Carrie rule is ready to publish his investigation of the eros will reveal how the silicon valley darling is putting people's lives at risk and how is reckless behavior has to stop. Is july twenty third, two thousand and fifteen, a new ork, california. A lock turn slowly in a heavy metal door, and when IT opens, eliza with home stands in the door way alongside the vice president of the united states, joe biden.

A bright cleaning light washes over them as the two gays and what appears to be a state of the art blood testing lab with a flourish. Homes welcomes in a small group of people. IT include biden, his anteros and local print and TV journalists.

Together they step into a modern looking space filled with polish equipment and bustling lab technicians. Holmes describes a place as theos's newest facility. And when he gLances over her shoulder, SHE can tell that her presentation is already having a desired effect.

The vice president seems like he might be enjoying himself, and holmes is, too. Getting a photo shop with joe biden is a huge deal, and maybe with this tour he might give feros his stamp of approval. And that kind of support couldn't come soon enough.

Holmes recently caught wind of a potentially devastating investigation from a reporter named john Carry room. He seems to have cultivated a number of inside sources, including Tyler. Shouldn't their noses tried to contain the fallout? Its lawyers have gone after shut, threatened to bankrupt him and his family as punishment for speaking with reporter.

The legal team has also gone after another former employee as well as multiple doctors who Carry, who has spoken with. And it's not as legal ash. And therefore s is planning.

With its technology still far from perfect, holmes had to do something to shore up their nose's reputation. That's why the tour today so important. Biden support could help blunt any future attacks and make theano s more immune to criticism.

So holmes continues the tour, showing off a range of high tech equipment. IT all seems to be going well until SHE catches one of bindon's aides staring at a stack of theron's devices. Holmes's heart skips a beat.

SHE wonders if this aid is an expert in clinical labs. Maybe his train eye could figure out what's going on here because the truth is the land is a fake. IT was created just for the vice president's tour.

And that's not the only thing that's wrong. Feros doesn't even have a real lab director. They replaced alan beam with a figure ahead, a thermo logic, very little lab experience. Her concern growing homes, decides this time for another captivating presentation, something to distract guests from the fake lab. And so as they continue the tour, SHE employs her usual soaring language.

He explains that this lab is state of the yard, that theano is on the forefront of a medical revolution, one that will lower the cost of care and provide medical services to millions. The vice president narrows his eyes as he surveys a lap for a moment. Homes feels panic, hard to tell what bite in this thinking.

Maybe he can sniff out the rules too. But then biden turns back with a big grin. He says he's very impressed their noses. Clearly, the future of medicine, hearing bindon's praise homes melts with relief. Finally, a small Victory.

After so many hurdles, the vice presidents approval will do a lot to bolster her public image, and with any luck, it'll help her turn the tide. But holmes knows the work doesn't end there is there no is going to survive the scrutiny of the press and john Carry of the wall street journal. You'll have to do more to win over the public opinion and prove that theron's is here to stay.

Five days later, john Carrie ruse steps into the newsroom of the wall street journal in manhattan. He sets down his brief case crap to come of coffee and starts paging through today's edition of the journal. As far as he's concerned, it's the very best way to start the morning.

But as his eyes scan the paper s first section, he stops there. Prominently placed in his own newspaper is an oped written by none other than threal. CEO eis b homes in IT SHE boast that the fda has recently approved a thermos task for herpes.

Her article makes a sound like theron's s is an ally of government regulators. Kerrie room stairs at the article and discussed this is an obvious ploy and a clever act of war. At the wall street journal, there's a clear boundary between the editorial division and the news division.

The editorial staff have no idea. The kerry, who is working on a big investigative piece about their us and homes, seems to have taken advantage of the situation. Her article makes her look like a saint in one of the most respected papers in the country as an obvious P, R manual, one that seems intend to set up a defense and pressure the paper to not publish, Carry, restoring.

With this mornings paper in hand, Carrie rule hurries to the office of his editor, mix ico phi. Carry rose steps into his editors office and comes face to face with sick n alphy, a slam bookish man with a wave of dark care. Hey, mike, you got a minute.

Not really. I'm on deadline. I'm sorry, but this can't wait.

Is editor or stops the next hail as he looks up, right? John, what's going on? You see the paper this morning. John, I see the paper every morning.

Where did you see this Carrier opens the paper to homes off ed and hands IT across the table? No, got right. I miss this.

Yeah, that's not all. SHE recently gave a lam toward to joe biden, apparently was very well received. Public relations, cool and no kidding.

Carrie, release forward with a determined look. My stories done. I file my draft a week ago. We have to move on IT.

Because right now, as we speak, their noses intimidate my sources, trying to crush the story, the building, A P, R defense. We have to be them to the punch. Well, now it's an explosive story, and that's why I has to go through the usual process.

We need to make a bullet proof. I get too slow. No, no, not just.

It's the way it's gonna be. I haven't even finish my edits. Then IT goes the page one.

And standards and legal, you know, they need to go through a two that could take months. In the meantime, there are those who get all my sources to turn the story. You can fall apart. You know, second, offely leans back in his chair with a sly grin.

John, I need to remind you about lab atanas a, the ancient rural, the Fisherman with their spears in the meditation, in standing there for hours, perfectly still, waiting, so still and so long that the fish don't even realize the hunters are still there. And it's at that moment, the Fisherman straight. G is my lamottes a every time.

That's how we win. Lamta is how we win. We wait until all the pieces follow into a place, and generals has forgotten about us, and then we strike.

Carry rule shakes his head. I fine. Levitra has to happen before october twenty first. Why watch that? Elizabeth homes are slated to give a talk at the journalist technology conference to laguna beach.

If that happens, the papers gona feel a lot of pressure to kill the story well over two months away. So we just got ta get back to work. We'll break this thing I promised.

Carry u nods and walks out of his editors office. This is an ideal. He's still worried, ed, that there ono's will somehow get ahead of him, find a way to sink the story.

But that just means Carrie rue needs to keep pushing forward, finding more sources, uncovering more alive and working on the fullness version of the story that will expose their us. It's late september two thousand and fifteen, and Elizabeth mes is hurrying through a sky grave in midtown manhattan. The towing building houses news CoOperation, the global media conglomerate, and one of the most powerful companies in america, news corp.

Also happens be the parent company of the wall street journal. That's why homes is here today. She's on her way to a meeting with news corp's leader, Robert murdoch. Holmes met the media mogul back in two thousand and fourteen at a gallon silicon badly. He made a quick impression on murdoch and convinced him to invest one hundred twenty five million dollars, and therefore s that made him the company's largest investor.

The two have met several times since, and with murdoch sizeable investment and there s holmes believes he may be willing to pull the plug on the wall street journal investigation of our company is in his own self interest. Soon holmes reaches the outside of a large office, and then an assistant leads homes into a large room with wide windows. Standing in the center is report murdoch, the aging media titan homes and murdoch are on good terms.

And so he greets her warmly, asking how things going at homes hesitate. Part of her wonders if she's making the right decision, trying to get murdoch to intervene in one of his newspaper stories. It's a serious request.

And the last thing he needs is to give a prominent investor reason to doubt. There is, but Carrie ruse investigation could soon be published and torni shed their noses. Image the threat is too real and too imminent, so homes can't risk taking a soft approach.

SHE tells murdoch that he has a problem. A wall street journal reporter, john kerry ow, has collected false information from disgruntled mer employees. He has a new book full of lies, but given his reputation, he could do serious damage of his stories is published.

Murdoch nods, saying he understands holmes, his polite. He went through his own scandal. A few years back. He was dragged through the mud by reporters.

It's a bitter fight, but he survived, and he will too homes swales hard and repeats s her concerns. SHE argues that Carrie ruse false reporting poses an enormous threat. Story has to be killed.

Murdoch has the power to make the right decision. When murdoch shakes his head, he says he trusts his editors to do their jobs. He's not going to their being.

Then, with a pat on homes, the shoulder, he tells her that everything is going to work out. He just needs to have faith. Homes manages to muster a smile.

But inside SHE see is by a feeling a complete terror. The anos has tried to silence its former employees. They've tried to get ahead of the wall street journal to sabotage the reporting, but somehow homes and her allies weren't able to put out the fire. Murdoch was her last option to put an end to the wall street journal story. There knows secrets are about .

to become public.

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It's october eighth, two thousand and fifteen, in manhattan, an elevator door opens, and john kerry, who steps out onto the six floor newsroom of the wall street journal. Besides him is Jerry Baker, the paper's editor in chief. As they walked toward a conference room, the two veteran journalists share a knowing gLance.

They're about to sit down with theano s legal team in a meeting that could produce fireworks. The journal is on the verge of publishing Carrie ruse investigation of their s. And despite all the company's best efforts, including legal threats and intimate of sources, the storage newspaper doesn't have any intention to cave their nose, threatened to sue the wall street journal, and demanded a meeting with the editors, Baker, the editor, and chief beliefs and fairness. And so he granted the request, this is the meeting they agree to.

Carrie ruo in Baker enter the conference room where they find several stone face lawyers. One of them is hether king, who sets a table record on the table. I hope you don't mind, but I brought a taper corner because we keep diligent records, unlike some of you in this room, Carry room raises his eyebrows as he takes a seat.

Well, we're off to a good start. This king, what would you like to discuss? We are here because we have a duty to prevent this holmes and her company from suffering grievous form, and we have a duty to get the truth to the public.

But you fail in that responsibility. This can I have to disagree. mr. Carrie rub, your reporting is reckless.

You're more interested in a good piece of drama than the fact drama. Look, i've done my reporting and i've only followed the facts. You're gone to deny them all.

There's nothing you're willing to concede. Now there is we will admit that the company has not run all of its blood tests on their own devices. Employees have used third party technology.

Oh, okay, will that explains why you took that line of your weapons? The lawyers exchange confused looks, i'm sorry. What are you talking about? The Serena's webpage? IT used to say many of our tests require only a small drop of blood that's rebate them.

IT used to be on the website, and now it's not because from what i've learned, when theos uses these other companies machines, they need more than a small job of blood. And that's why test results have been false. Mister Carrier of that deletion, I assure you, was just for a marketing accuracy.

Suddenly the room gets tense. Carry room can tell the king has made a gaffe, admitting thermos can no longer stand by its most coveted claim that its tests only depend on a single drop of blood. Gentleman, look, this talk is just going in circles.

The truth is we're not here to kill your article. We'd simply like you to push IT fact, i'm sorry, we can run IT, but you want us to delay IT. Yes, not indefinitely, just long enough.

So we can arrange a demonstration proof that our technology works well. Now, how soon can we get IT down and some assurance that there ouldn't be any a slide of hand, I promise you, would be entirely about board. But IT might take a few weeks to organize.

What do you say to that? Just a few weeks. Carry rule exchanged gLances with his editor in chief.

Homes are set to appear in the wall street journal tech conference in less than two weeks. This would put the story at risk. So Baker, the editor in chief, shakes his head and says, he's sorry.

The paper is willing to push back publication a few days, but only if Elizabeth homes is willing to sit down for an interview. Otherwise they're going to print room of silence as the lawyers exchange looks. Then they not gather their belongings and walk out.

IT takes a moment to sink in, but then the truth hits Carrier. This meeting was a Victory. The eros didn't have any other trick up its sleeve, and in a matter of days the entire world will know the truth.

Eight days later, the skies in palo to are blanketed with clouds inside their nose's headquarters. Eliza homes walks by herself, surveying the empty office, SHE studies, the expensive furniture, the sleep design, everything intended to make the eros look like a silicon valley dream. But as a dream is now been shadow.

Yesterday, the wall street journal published its expose from the journalist john Carry room. The article may devastating accusations causing terreno s of lies and criminality. When holmes read the story, he was a wash in shame and humiliation, kinds of feeling SHE thought she's outgrown.

SHE was supposed to be an incredible success pioneer like Steve jobs, who would change the world. And for a brief flicker of time, IT seemed like holmes had achieved her wildest ambitions. SHE made the covers of magazines.

The friend did global leaders, made herself into a billionaire, but now it's all come crashing down. And he has to face this very ugly and public spectacle where employees have gathered in the company cafeteria and in a minute homes is going to have to try to explain what exactly happened. If she's a good enough leader, maybe sh'll convince them to stay, to remain, believe s in her vision.

A moment later, holmes reaches the doors of the cafeteria and taxi breath. Then he stepped through all eyes, turned to her. As holmes entered the cool daily light room, SHE puts on a stealing expression and stepped onto the stage.

Homes begins by greeting her team. SHE acknowledges that by this point, everyone has seen the news, and there's something he has to say. But before he goes on, SHE pauses all at once is clear.

Her employees don't look angry, they look terrified. They need this company and they need homes to be strong. He has a moment of emotional clarity.

It's not time to fall. It's not time to surrender, not now when they come so far. So home, straighten her back and tells her employees that the article in the wall street journal may be explosive, but it's full of lies.

Misinformation spread by bitter x employees homes shakes her head, SHE says. This sort of thing is bound to happen when you're working to change the world. Apple face this kind of opposition.

So too did google. Now it's thereof is time in this excruciating spotlight, holmes, tels her employees to remember the name john, Carry through the journalists who tried to smear them all. But theano isn't done.

They won't be taken down by a desperate man looking for a good quote. They're stronger than that. They're smarter, Better, and they will prevail.

Homes then steps down from the stage, as slowly, like a wave cresting over the ocean, her employees begin to change as holmes leaves the cafeteria, her employees, or cursing the journalist john carrey over and over, getting louder, more boysterous and united and fury. The employees have taken her side. They won't be beaten down by john kerry room or his hatch job.

This is not the end of their us. Far from IT for eliza th homes. This is a new beginning. Elizabeth homes did not back down in the face of john kerry ose accusations SHE publicly fought back against the investigation, claiming that kerrie ruse reporting was inaccurate and that his sources, including former employees, were badly mistaken but IT wasn't enough to protect their eros in november two thousand and sixteen wall Green suit, the company seeking the return of the one hundred forty million dollar investment in june two thousand eighteen, the security and exchange commission charged elisabeth homes and Sunny ball one I in what the agency described as an elaborate years long fraud facing multiple federal and civil suits.

Thermos dissolved later that year, september eighth, two thousand twenty one marked the first day of Elizabeth me's federal criminal trial. SHE and Sunny by ani were both charged with wire raud homes as lawyers argue that wild theron's s failed as a business homes as innocent of fraud. This episode was produced while the trial was still ongoing.

Holmes was once hurdled IT as a matric, a powerful female entrepreneur in the male dominated world of tech and heard company threose promised that he would revolutionize medicine. Yet holmes, his downfall helps shine light on one of the dark sides of silicon valley, where exaggeration over promises and a good story can be worth billions, even if that story rests on a foundation of life. From laundry, this is episode three of thermals from american can. On the next episode, I sit down with Charles do IT, the best selling author, the book the power of habit, and a journalist who covers the tech industry. We look at the trouble relationship between venture capitalists and tech companies.

We will discuss whether powerful investors helps at the state for if you're enjoying american scandal, you can unlock exclusive seasons on one free plus binge new seasons first, and listen completely and free when you join wunder plus in the wander APP apple podcast or 4。 And before you go tell us about yourself by filling out a survey and wandering dcom slash survey, if you'd like to learn more about theron's, we recommend the book bad blood secrets and lies in a silicon valley. Start of a john Carrie.

A quick note about our reactors. In most cases, we can't know exactly what we was said, but all our jorma ization are based on historical research. American scandal is hosted, edited and executive produced by me, Linda gram for airship audio editing by my, designed by direct parents, music by lenny grand.

This episode is written by Samantha charleen, edited by Christine a. mlpa. Our senior producer is game riving. Execute producers are stephane genes, Jenny lower backend and her nonos for one.

I'm jake warrant in in our first season of finding, I set out on a very personal quest to find the woman who saved my mom's life. You can listen to finding attached a right now exclusively on wondering. Plus, in season two, I found myself, quote, up in a new journey to help someone i've never even met. A couple of years ago, I came across a social media post by a person named loti IT read in part three years .

ago today that I attempted to jump off this bridge. But this wasn't my time ago. A gentleman named dandy save my life. I still having found him.

This is a story that I came across purely by chance, but I instantly moved me. That is taking me to a place where i've had to consider some deeper issues around mental health. This is season to a finding, and this time, if all goes to plan, we'll be finding ending. You can listen to finding andy and finding nasha exclusively and add free on wondering plus. Join wondering plus in the wandering APP apple podcast or spotify.