What will Silicon Valley learn from Holmes' conviction?
ABC News
The fraud conviction of former Theranos CEO Elizabeth Holmes could offer Silicon Valley some valuable lessons about the dangers of hype and hiding problems
SAN JOSE, Calif. -- The fraud conviction of former Theranos CEO Elizabeth Holmes could offer Silicon Valley's culture of hubris and hype some valuable lessons.
Will anyone in the tech industry actually take this moment to heart? Don't count on it.
Holmes was found guilty on Monday of duping investors into believing that Theranos had developed a revolutionary medical device that could detect a multitude of diseases and conditions from a few drops of blood. She could face up to 20 years in prison for each charge, although legal experts say she is unlikely to receive the maximum sentence.
Federal prosecutors depicted Holmes as a charlatan obsessed with fame and fortune. In seven days on the witness stand, she cast herself as a visionary trailblazer in male-dominated Silicon Valley who was emotionally and sexually abused by her former lover and business partner, Sunny Balwani.
