Top 7 Biggest Business Collapses in History 1. Enron (2001) CEO at the time: Jeffrey Skilling Enron was once a darling of Wall Street, celebrated for its innovation in the energy sector and its explosive stock growth. But behind the curtain, it was a house of cards. Under CEO Jeffrey Skilling and Chairman Ken Lay, […]
Elizabeth Holmes vs. Sam Bankman-Fried: A Tale of Two CEO Scandals As once celebrated visionary entrepreneurs leading companies to revolutionize their industries, Holmes and Bankman have now become two of the most scandalized CEO's. Holmes, the founder of Theranos, claimed to have developed groundbreaking blood-testing technology. Bankman-Fried, the CEO of FTX, positioned himself as a […]
The Theranos Scandal: Lies, Millions Lost, and Broken Lives A Billion-Dollar Scam That Fooled the World Elizabeth Holmes was once Silicon Valley’s golden girl, a self-made billionaire promising to revolutionize healthcare. With a single drop of blood, her company, Theranos, claimed it could perform hundreds of medical tests—eliminating the need for traditional lab work. Powerful […]
The Biggest Financial Scams in History That Shook the World Money, power, and deception—some of the world's biggest financial scandals read like Hollywood thrillers. From billion-dollar Ponzi schemes to high-flying CEOs who fooled the world, these scams destroyed fortunes, ruined lives, and changed the way we regulate business. But what drives fraudsters to risk it […]
Elizabeth Holmes, once the founder and CEO of Theranos, media darling and silicon valley tycoon has suffered an almighty fall from grace. How did it happen?
Surekha Gangakhedkar told the court she printed off company documents to protect herself as she suspected the pending launch of the company’s blood-testing machines in Walgreens would end badly. On Friday, eight years on from quitting her role at Theranos, Gangakhedkar testified at the criminal trial of her former boss, Elizabeth Holmes, the CEO and […]
Who Is Elizabeth Holmes? American former businesswoman Elizabeth Holmes was the founder and CEO of the now-defunct health technology company Theranos, which Holmes established in 2003 at just 19 years old. In 2015, Forbes magazine broadcasted her as “the world’s youngest self-made female billionaire” in the US, while Inc. Magazine called her the “next Steve […]
Image by TechCrunch - 509306865DH00014_TechCrunch, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=88464732 Medical start-up Theranos was founded by Holmes in 2003 and reached a $10 billion valuation at its peak in 2013 and 2014. The company claimed it would revolutionise the medical testing space with a new blood diagnostic technology that was capable of performing several tests on […]
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