# Healthcare Business:  Theranos - the Emperor's New Clothes

**URL:** <https://boards.straightdope.com/t/healthcare-business-theranos-the-emperors-new-clothes/736169>\
**Category:** Miscellaneous and Personal Stuff I Must Share\
**Created:** [October 30, 2015, 1:07pm UTC](https://boards.straightdope.com/t/healthcare-business-theranos-the-emperors-new-clothes/736169 "2015-10-30T13:07:54Z")\
**Posts on this page:** 1\
**Showing post:** 7

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**Author:** ![F.U.Shakespeare](https://avatars.discourse-cdn.com/v4/letter/f/aca169/32.png) [@F.U.Shakespeare](https://boards.straightdope.com/u/F.U.Shakespeare)\
**Post date:** [September 6, 2018, 9:19am UTC](https://boards.straightdope.com/t/healthcare-business-theranos-the-emperors-new-clothes/736169/7 "2018-09-06T09:19:37Z")

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[More bad news for the Emperor.](https://www.npr.org/2018/09/05/644844174/theranos-blood-testing-company-accused-of-massive-fraud-says-it-will-dissolve)

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.

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