Healthcare Business: Theranos - the Emperor's New Clothes

More bad news for the Emperor.

The original Wall Street Journal article (behind a paywall) contains a heart-rending detail involving George P. Schultz, the former cabinet member under presidents Nixon and Reagan, and his grandson Tyler Schultz, who worked at Theranos right out of college and was a crucial early whistleblower. George, who sat on the company’s board, initially sided with his grandson, but Elizabeth Holmes drove a wedge between the two Schultzes, who are now estranged from each other. Tyler’s parents are also out $400,000 in lawyers fees spent defending him from the company’s mobster-like tactics.