The Voice

The voice, we are reliably told, is an “affectation”, a way for Elizabeth Holmes to command the attention and respect of men as she made four and a half billion dollars out of thin air.


Everybody’s talking about Bad Blood, John Carreyou’s admirably thorough deconstruction of Miss Holmes and her entirely imaginary magic blood-testing machine. In addition to stellar book sales, which Carreyou absolutely deserves, he’s sold a $3 million option to Hollywood. Jennifer Lawrence and her professionally blank face will play Holmes, although I doubt we’ll see as much of her in this role as she was sending to various people using her iPhone.

There are villains, fools, and useful idiots aplenty in Bad Blood, although there is also a slightly unsung hero. Rupert Murdoch had the power to kill Carreyou’s story, and Holmes asked him to do so, but he declined, effectively terminating his own $125 million investment in a single wave of the hand.

If you want a decent summary of the whole thing, Fred Reed has one of the most darkly comic recaps. Steve Sailer at Takimag offers some additional insight. What strikes me as most fascinating about the Theranos affair was how well it represents much of what’s happening in modern society now. Look at it this way: For thousands of years people have talked themselves into having visions of the Divine. There are hundreds of people who are absolutely certain they have seen the Loch Ness Monster. The desire to believe something is often strong enough to overcome the relatively weak diode-style connection between eye and brain.

Nobody in modern society particularly likes the fact that there are very few great female entrepreneurs and virtually none in tech. Nor does the Silicon Valley crowd like to acknowledge the fact that real-world problems and products don’t play by the consensual-illusion rules of the tech bubble. We wanted to believe in a female Steve Jobs the way that people have passionately wanted to believe in UFOs or the book of Revelations.

Miss Holmes was just the first girl who was unscrupulous and sociopathic enough to exploit that belief on the billion-dollar scale. God bless her for doing so. Every time American society has to confront reality, it becomes a little bit smarter as a result.

I’m just kidding about that last part. If you believe that our current society has the capacity to learn from this boondoggle, then you probably also believed in Theranos.

75 Replies to “The Voice”

  1. everybodyhatesscott

    Between the Ken Bone story and the Annapolis shooting yesterday, I’m genuinely surprised more Journalists don’t get shot for trying to ruin peoples lives. The guy yesterday was truly a wacko but the attacks on Ken Bone? Why? Cause he asked a question?

    All the people who attack(ed) Musk for being a fraud had Theranos fly right over their heads. Musk made a car, Holmes had a TED talk.

    Reply
    • mopar4wd

      Well Musk gets brought up because while he does deliver he tends to do it very very late. He way over promises but at least he delivers something. So I agree not a great comparison.
      My bigger issue with Musk is how risky the stock market has been willing to go for a company with a truly unclear financial path. Since Amazon and Facebook and Google paid off, the investors seem even less concerned by actual financials in the real world then ever before. But Musk isn’t building an unknown like online advertising or some potential known like the size of the retail market in the US and how much growth that left open for Bezos. He is building cars which have a somewhat dependable pattern of sales. Yes there can be great swings in market share, but look how long GM’s decline was, it took decades of incompetence and competitors with better products to unseat them. Tesla’s finances won’t allow them decades with out huge growth in market share.

      Reply
      • everybodyhatesscott

        Tesla’s stock price vs their financials makes no sense to me (Their market cap is higher than Ford) but at least there’s a product. If I had more money and more balls, I still think shorting is the way to go but they might still exist in 10 years..

        Reply
        • Sean Goldstein

          Keep in mind, if you bought into TSLA when it opened 8 years ago, you’d have $14 today for every $1 you invested.

          Reply
          • Ben Johnson

            That is true. However, my hunch is that a typical Tesla investor has other positions that are also rather volatile.

          • safe as milk

            “Keep in mind, if you bought into TSLA when it opened 8 years ago, you’d have $14 today for every $1 you invested.”

            And there in lies the problem. The measure of success as become the share price not the profitability of the company. Tesla is a success because it has a compelling story. Yes, they make an innovative product. That in no way guarantees success.Profit and market share matter. Everything else is hopium.

    • Shortest Circuit

      The Annapolis shooter was called ‘Ramos’, had no political intent, just your regular lunatic taking his favorite shotgun to his place of employment.
      Come Saturday morning, it will be out of the news, like nothing happened.
      BTW I think Milo Yiannopoulos said something remarkably similar when asked about Annapolis, so now all these ‘journalists’ are saying he is instigating mass murder of newspeople. This is how far we came.

      Reply
      • Sean Goldstein

        What we do know about him is that he harassed women he couldn’t get in bed, hated the media for exposing who he truly is and loved guns.

        No offense, but Isn’t that the very essence of a Trump voter?

        Reply
        • Ben Johnson

          Based on number of children, it’s not the typical Trump voter that has trouble finding a happy bed.

          Reply
        • Panzer

          Sorry I forgot how every single sexual interaction of every liberal man has been 100% squeaky clean and uncomplicated by real life, and how the media is the impartial arbiter of the truth until MSNBC edited George Zimmermans 911 call so it looked like he shot Trayvon Martin for just being black and how there’s really no such thing as the 2nd amendment, just the National Guard 👍

          Reply
  2. dejal

    She was smart enough to stack the board of directors with “Names” from both parties. Doing that kicks the can down the road for awhile as people with something to lose don’t want to PO the “Names” and their surrogates by looking into the company.

    Also, just because you were good as a lawyer, diplomat, CEO of a particular industry doesn’t mean you know your ass from your elbow on anything else. I’m kind of surprised the BoD isn’t being charged with fraud.

    “I am shocked—shocked—to find that gambling is going on in here!”

    Reply
    • mopar4wd

      The point about knowledge on one matter transferring to another is completely true. I have seen companies have serious issues when they hire in a new management team that has done well in one industry but don’t understand the new one. Like putting a company into bankruptcy from a cash positive position a few years earlier.

      Reply
      • JayV

        Her BOD include such luminaries as our current SecDef because she claimed her vaporware would be useful in combat.

        Reply
        • dejal

          Which if it worked would be great, but like Bill Bellichick says “Do Your Job”. The BoD is supposed to be a first line of defense in chicanery or incompetence. Esteemed train seals are still trained seals.

          Granted very few people without advanced medical and engineering degrees can understand the product even if it did work as promised. But, it sounds like they didn’t even try to make sure that was the case.

          Reply
  3. mopar4wd

    There have been quite a few successful women entrepreneurs and CEO’s. Just not many in tech. One of the issues is the news media seems to gloss over the success of women in industries already focused on women. The fashion industry for instance. Take Sarah Blakely Who created Spanxx. She has pushed her brand to the media and sure she has done talk shows etc, but when ever a discussion of successful entrepreneurs comes up she is usually left out. In fact she mostly makes it on to lists noting her as a female billionaire. The media would prefer a diferent story it would seem.

    All that said i have 2 daughters and I have worked in a fortune 500 company long enough to realize they will happily promote women to upper management but often stop moving up when they get a few spots from the top. There is definitely some issues there, way better then it used to be but still issues.

    Reply
    • Will

      Because you need leaders at one point and chicks aren’t up to scratch. It’s easer to hire women as they don’t fight back as much and are more likely to do what they’re told.

      Reply
      • dejal

        Let me look at the calendar. Hmm, 2018 not 1955.

        Women are just as capable of doing a good job as a man and just as capable of being a screw up like a man.

        If I’m a shareholder, I really don’t care if you stand up or sit down in a rest room. I do care that you make me money or at least raise the stock price. Legally.

        Elizabeth Holmes at best was hoping that tech would catch up with the story she was dishing out. For those of you old enough, remember the Ed Sullivan show where he would have the guy spinning plates on sticks? He’d have 1, 5, 10, 20 plates spinning. He’d be running around trying to keep those plates spinning. But pretty soon, they’d all start to wobble, and they would fall to the floor and break.

        Reply
        • everybodyhatesscott

          Fortunately, in the last 63 years, the Human Genome has completely changed to make men and women identical.

          Reply
        • Will

          It’s 2018 and maybe there were some positive aspects to 1955 that we seem to forget (Millienial here btw). I’ve worked for female dominated companies,other various large companies, have owned my own business and have coached girls lacrosse teams; at the female dominated company, women would often cry in the hallways, rarely stood up (yet always looked at me to say something) and were as petty to eachother as possible. The girls teams were always easier to coach than the boys teams because the girls did what they were told. There’s a reason why the female dominated company lacks innovation today, it’s because of its female backbone. I recognize that this isn’t the case for ALL women, but a great majority are like this. If you need something innovative or strong leadership for tomorrow, picking a woman is not your best option. Look at our female politicians.

          Reply
        • Will

          Also being able to screw things up equally is not a sign of equality, it’s taking the screw up and making it better is the key. I pose this question, who is the person that you’d run through a brick wall for that wasn’t a family member or lover? It’s never been a woman for me, I can tell yout that much and I played D1 sports so a coach’s leadership is key.

          Reply
          • mopar4wd

            Personally i don’t have anyone but family that I’m going to hurt myself for. Never been inspired like that. Of course I’m kind of anti competitive and generally prefer to ignore most leadership and do what i want anyways. (I was an awesome boy scout not sure how I stayed in to the end lol)
            Which now makes me realize that my thinking back asking why I didn’t go to a military academy when I had the chance is a very silly question.

      • mopar4wd

        Not sure you have much experience with the women who get promoted to mid and high level management. Most have no issue fighting back taking a hard line or being a very strict leader. At least that’s been my some what limited experience.

        Reply
          • mopar4wd

            There are lot’s of studies on women leadership in companies. In general most find the results to be anything from equal performance as male run companies to better performance by female run companies. I know there is at least one study that showed female leadership as about a 1% negative on profits and stock value but I believe it focused on the first 6 months after the CEO was hired.
            So in general the numbers don’t seem to show a negative for the most part. Personally I just want to make sure everyone is given an equal chance. If your qualified you should get the job if you suck at it your out I just don’t like artificial barriers. My experience at a large company was that the women leaders were promoted quickly tended to have better numbers on average and then hit a wall somewhere around 2nd vice president that the male employees did not hit. I met lots of women 2nd VP’s who had that position for many years compared to many men who were in that position for typically less then 5 years before moving up or over. My experience with the female leadership was they tended to be very organized and very goal oriented and they took things very personally.
            Of course not every man or every women is cut out for leadership but some of both are, if you have a built in bias against one or the other you are possibly hurting the potential of not just that person but the company.

          • Will

            Sources? I guess we’ll have to just disagree, but if you were going into something difficult, would really follow a woman to get you to your goal? Innovation just does not come from women.

          • mopar4wd

            I think I have met a couple very innovative thinkers that are women. The most public would be Temple Grandin, who i saw speak a number of years ago. She was the first to study how livestock behaved in different situations then design livestock handling equipment to reduce stress thereby increasing facility productivity.
            The others would not be public figures but engineers I have met working on military projects for work. One in particular who was South African was really fun to bounce ideas off.

  4. hank chinaski

    I don’t recall the exact numbers, but several sites argued the contrast of dollars bilked vs. jail time and fines imposed between Holmes and Shkreli. He really got hosed by comparison.
    I blame the patriarchy.

    Reply
    • mopar4wd

      Holmes, hasn’t been brought up on charges by the justice department yet. The SEC has made a deal with her on a civil basis that basically brings her net worth to almost nothing and the companies assets will be sold and she gets nothing. There is talk the justice department may go after a 20 year sentence but we don’t know yet. I gather she has tried to flip on anyone she could put any blame on so that might limit things.

      Shkreli well he was a dick basically he acted like a dick and basically didn’t even try to show any signs of humanity to the court until he realized they were going to come down hard. If he had shut up backed away and made some back room deals like most white collar criminals he would have come out much better. But he was far to arrogant for that.

      Reply
      • hank chinaski

        That sounds about right. He was riding Trump’s IDGAF train and got bitten for it.

        I started Reed’s piece thinking ‘old rich men hand wallets to sweet young thing with crazy eyes, news at eleven’ and he basically wrapped up with that (and a completely unnecessary picture of Andrea Dworkin).

        Reply
  5. Rich

    It’s an excellent book.

    Holmes made a point of only going to VCs that had no track record of investing in medical firms

    She stacked her board with old men that she could wrap round her finger

    Reply
    • everybodyhatesscott

      She stacked her board with old men that she could wrap round her finger

      She’s not ugly or anything but It’s amazing a 7 could get all those powerful guys wrapped around her finger.

      Reply
    • PaulyG

      Rich

      I agree it is fascinating reading.

      I was amazed by the web of deceit that was woven. She did initially approach a few VC funds with medical device experience. One of my VC buddies (who is also an MD) basically threw her out of the office. But so many VCs were accidentally making billions in a hot market and were then being hailed as insightful geniuses that the ones that missed out on Google/Facebook, etc. were desperate to have a winner. And once there was enough critical mass, the company could use the court system to threaten employees from speaking up, which keep the scheme going.

      As an old junk bond/ distressed bond investor who shorted Enron and MCI Worldcom back in the day, I tend to be very cynical on most investments as I always believe management/equity/deal sponsor are out to screw you. I do not feel sorry for the investors. Theranos displayed plenty of warning signs such as how a 19 yr old engineering dropout could have so many sophisticated patents to her name, a board of directors with no board power, and massive employee turnover. But people were greedy and figured that that last investor did sufficient the due diligence so their investment would fine. Same thing happened with Madoff. As we say on Wall Street, bulls make money, bears make money, and pigs get slaughtered.

      I was discussing Theranos a few days ago a business lunch with a couple of friends from the Street. One of them stated that he would take the under on 2 years in prison for Ms. Holmes on the wire fraud charges. I would not take the other side of that trade. Now that is depressing.

      Reply
  6. DeadWeight

    If I was DICK-TATOR I’d execute Elizabeth Holmes personally with an anti-aircraft weapon at a distance of no more than 50 meters.

    The American Economy BE SO RIGGED IT DON’T BLEND whether UNDER OBAMA (and his BFFs such as Tim Elf Geithner, Lord Blankfein, Jamie Dimon, the CEO of Comcast, at whose place where he spent many Martha Vineyard vacays), etc., or under TRUMP, WHO OOZES AND ATTRACTS FILTHY MONEY AND SELF-SERVING SCHEMES LIKE FLIES ON SHIT (you Trump-Tards who think he’s better than Obozo or Hilldog, let alone NOT VERY MUCH WORSE ARE DELUSIONAL).

    THE U.S. IS FUCKED BY THE 0.1% WHO HAVE STRUCTURALLY RING-FENCED THE REST OF AMERICANS OUT OF THE “AMERICAN DREAM.”

    Check out the US. gini coefficient or L-Curve lately?

    It’s going to get worse for your kids unless you’re inside the Big (miniscule in size) CLUB just as George Carlin predicted.

    If you think Trump OR any Clinton or Sanders or Romney or Elizabeth Warren is going to rejuvenate any American Middle Class, you have a head jammed full of fuxking stupid-ass talking points and diarrhea from the MSM whether ClintonNewsNetwork or Faux News and you should smash your unprotected head against a Wailing Wall with definitive and major force until it not only bleeds, but you fucking die of massive internal bleeding and the destruction of whatever (non-functioning) brain pulp that you may still possess.

    Happy 4th, motherfuckers! I’m off to go hang with the 2% (some are even 1%’s) paupers in Traverse City until Friday (hopefully, unless some asshole at ACME Corp creates a call-back emergency).

    Just remember THAT THE U.S. HAS NOT BEEN THIS FUCKED SINCE THE 1925-1928 TIME FRAME, so eat those lips-and-assholes kosher hotdogs and salute that flag under firework illuminated nighttime skies!

    Reply
    • Will

      Good thing you’re not in a leadership position. It’s scary that you even think that killing someone for bilking money out of rich people warrants a brutal execution.

      Reply
    • Brawnychicken

      DW…man….take a deep breath. Is there someone we should call to come check on you? I think you need help.

      Reply
    • DeadWeight

      I will give KUDOS to anyone who can defend this as an example of an efficient and free market in AMERIKA (where techbros, finhoes and pharmascum are all allowed to rape and pillage at will; this ain’t working ‘ the Establishment Republicans and Establishment Democrats ongoing survival literally depend on contributions from companies:

      “Anatomy of a 97,000% drug price hike: One family’s fight to save their son
      Updated 3:15 PM ET, Fri June 29, 2018

      “”Pharma Bro” Martin Shkreli was dubbed the “most hated man in America” after he raised the price of an AIDS drug by more than 5,000%. His tears at being sentenced to seven years in prison drew little sympathy.
      But we rarely hear about the anatomy of a price hike, especially one that climbed for more than a decade in the face of a federal investigation and protests from top medical associations….

      I wanted to know how a drug invented in the 1930s could go from $40 a vial in 2000 to $39,000 in 2018 — essentially from the cost of a coffee maker to the price of a new car with leather seats. With a treatment regimen requiring at least three vials over the course of several weeks, this drug costs more than many people’s homes.”

      https://www.cnn.com/2018/06/29/health/acthar-mallinckrodt-questcor-price-hike-trevor-foltz/index.html

      Ain’t that (new), since approx circa 2001 Amerika, for you and me.

      The only thing that will save your kids’ futures (assuming you are not out there buying off politicians and regulatory agencies) is a wholesale destruction of the current, corrupt, decrepit, fucked up to the core system.

      Reply
    • dejal

      This Ted Kaczynski moment has been brought to you by Guangzhou Motors.

      The sad part is, is I agree with a lot you have to say.
      The problem I have is you have utter contempt for everyone.
      I guess in that respect you aren’t playing favorites.
      Not asking for names, but is there anyone that you don’t despise?

      You come across as a Rosicrucian.

      Reply
      • DeadWeight

        http://www.sirjamesgoldsmith.com/charlie-rose-sir-james-goldsmith-interview/

        He’s spot on.

        Labor is cheapest commodity of all, as it leaks down to lower and lowest bidder in a globalised system “split up” by massive multinational cartels as a feature, not a bug.

        It’s collusion, and there is no free market or anything remotely close to it.

        And I’d be perfectly fine with ultra concentration of wealth among a relative few in a truly free market system (with some regulatory restrictions to guard against extreme market failure), but that’s not we have.

        Whether proclaimed liberal or proclaimed conservative, whether financial money (leveraged, too big to fail taxpayer backstopped) types in New York or London or Zurich or Shanghai, or tech types in Mountain View or Toronto, it does not matter – these truly elite rigged the global economy with the help of their paid-for government lackeys (politicians and regulatory bodies).

        However bad, rigged, immoral and anti-free market anyone here thinks it is, it’s likely far worse than even I can fathom.

        We need a new system to completely supplant the current, corrupt one.

        Reply
        • dejal

          The youtube link comes up with some kind of goofy issue:

          “Our systems have detected unusual traffic from your computer network. Please try your request again later. Why did this happen?”

          No matter, I can probably just youtube his name and hit it that way. Thanks for the response.

          Considering the gentleman has been dead for awhile and has a web site, obviously he carried some weight that people want to remember and push to future generations.

          Can’t say I disagree with him about giant conglomerates and “we are one big happy family” trade deals. In media we have Comcast and their in house channels. Disney and Discovery also control way too many stations. 3 big happy families controlling a large # of stations that we consume. And it will only get worse after Comcast or Disney buys the Fox stations.

          Like I said, I mostly agree with you, but you got to tone it down a bit. You’re pushing people away instead of drawing them in.

          Reply
          • Deadweight

            https://www.youtube.com/watch?v=wwmOkaKh3-s

            The next downturn will be worse than 2009-2012.

            All major central banks shot their wads by growing their balance sheets (their monetization of sovereign debt to keep interest rates artificially low, for too long) by 4x to 12x (Fed Reserve grew debt from 700 billion in ’08 to 4.4 trillion in 2017).

            Worse yet, the 2010-2018 period has been an era with some of the worst, most highly-leveraged, fundamentally awful investments, that will be absolute losses due to extreme malinvestment teased out by those artificially low, dirt cheap interest rates, when viewed in retrospect after the fire burns.

            Worse even yet, the incremental income gains and distribution has gone, in a massively disproportionate way, to some of the least productive sectors and actors, and in a highly concentrated (exceeding post 1929 levels of policy error) inefficient manner (too big to fail banks and GSEs, defense and other governments back-stopped and funded quasi-private/public BFFs, and a wholesale backstop by taxpayers of even more mortgage lending, commercial and residential, via FHA and Fannie/Freddy and VA insured mortgages, and also covenant-light commercial loans by FDIC kenders).

            We are now living through one of the most malignant, mutated forms of government-alleged private enterprise incest ever experienced in history, with common taxpayers backing almost all of the risk of loss in this radical monetary insanity experiment (so much so, that bank bail-ins may be far more possible in “safe and mature” economies such as the U.S., Canada, Australia, Japan, Germany, etc than nearly anyone realizes).

            Corporations, multinational in nature, have co-opted all sovereign governments, largely due to central bank and regulatory body actions/inactions and the wholesale purchase of legislative bodies.

          • hank chinaski

            DW,
            Unsure where this comment will land in the string, but ‘I subscribe to your newsletter’.

            Solutions for the individual, short of bunkering down with Pb and Au/Ag?

    • Eric L.

      DW, I’ve been reading your comments for years on TTAC, but I don’t know how you made your money. What industry do you work in?

      Reply
    • Aoletsgo

      I do have to agree with DW on a macro level, on a micro level he is off his rocker.

      So kids, save your pennies and buy some gold as a hedge. Also remember when things go to shit this will still be one of the best places to be.

      Amerika its Vundabar!

      Reply
  7. Rob De Witt

    We wanted to believe in a female Steve Jobs…

    “We?” You got a mouse in your pocket?

    Don’t assume, Jack, or project, either. I’m certain I’m not the only one here who’s more interested in demonstrable reality than in “the way things should be.” To assume, as some in this thread do, that women are being held back in business because of mean old men is to ignore the evidence of your senses in regard to the way women act towards each other in groups.

    In fact I can’t think of a woman, except maybe Grace Hopper, who’s been a resounding success in any field without the assumed support of men. “Feminism” (i.e. Marxism For Girls) only got a foothold and destroyed the American family because men helped ’em to do it starting in the ’70s.

    “I intend to be independent, and I expect you to support me in that effort.”

    “Why sure, honey. Let me help you with that.”

    Stupid.

    Reply
  8. Domestic Hearse

    “The Voice” — Hmmm, it sounds a lot like Keanu in Bill and Ted’s Excellent Adventure.

    So lemme get this straight, JLaw is gonna play the part, lip-syncing to Keanu Reeves? Wouldn’t it just be easier to do a Pixar animation?

    Reply
  9. James

    Thanks for the links to Bad Blood and the summaries. This story had dropped off my radar. When I initially read about Theranos as it was beginning, I felt a certain vibe of unreality about the product and the surrounding hype.

    Overall IMO there is nothing new about it, The Masters of the Universe and hubris blew us up in the financial crisis. The the dot bomb did it in the late 90’s, and roughly once a decade or so going back pretty much as far as money or money equivalents have existed. Power, charlatanism, charisma and naivety intersect to enrich those who lack the ethics gene. Variance in this case is the X chromosome. Look up Liz Carmichael of Dale fame for a variant on that.

    Reply
  10. Sean Goldstein

    Thank the lord there’s a website that vigilantly in catalogs the mistakes of every woman in a leadership position.

    Reply
  11. John C.

    Think the MSFT Autodesk lady might have been there first. Perhaps also the genius FB lady that leans in. But remember that boyfriend of Martha Stewart with all the miracle pills. Males are guilty too of fakery.

    Reply
  12. tyates

    I’d argue there’s another takeaway here too. One of the things we are always told is that if there were more women in charge, that things would be different. How exactly they would be is never quite spelled out, but we are led to assume that it’s a step toward a better more rational world where people treat each other with kindness, communicate better, think long term, etc etc.

    And yet, all we proved is that lack of competence and character and apparently equally distributed between the myriad sexes, and it turns out that if we put a woman in a position where she can con investors out of several billions of dollars, the results are entirely predictable.

    Reply
        • safe as milk

          @ddm – my point – however crudely put – is that while women often complain about being victimized by men, if you look into it, their is no shortage of women who will manipulate and victimize their own gender. take female genital mutation. this is frequently perpetrated by the child’s mother or grandmother.

          i guess i’m saying that we shoudn’t focus on gender too much. holmes is a manipulative psychopath which is common in regardless of gender. if their sex gives them any advantage in a situation, they will use it. with men that may be their percieved power (weinstein). with women (holmes) that may be their feminine attributes.

          Reply
      • Ronnie Schreiber

        It’s interesting that brothels are traditionally run by madams, whereas street prostitutes work for male pimps.

        Reply
  13. SIV

    Miss Holmes would be so much hotter if she “affected” a voice to match her face, Minnie Mouse would do it.

    Reply
  14. safe as milk

    The best part is that Jim Cramer is questioning her. How is that a**hole still allowed on tv? He’s probably lost people more money than she has.

    Reply
  15. Eric H

    She still hasn’t destroyed as much value as Carly Fiorina.
    Destroying Lucent AND HP really takes some talent.

    Reply
    • Daniel J

      Lucent was going to fail with or without her. It was inevitable.

      Now HP on the other hand was a boondoggle. Buying Compaq? Offshoring thousands of jobs? These weren’t smart moves at all.

      Reply
  16. Dirty Dingus McGee

    “For thousands of years people have talked themselves into having visions of the Divine.”

    CSB: Approximately 30 years ago there was a woman in Conyers Ga who claimed that the Virgin Mary appeared and spoke to her once a month. Most locals dismissed her as just another crackpot with an oft repeated hustle. As time went on word spread among those who WANTED to believe and they started to come to her house on that anointed day. By the mid 90’s there were hundreds, if not thousands, of people, coming from across the globe to hear her words of wisdom and experience the “miracles” that would occur at the magical moment. Miracles like cancer being cured, paralyzed persons regaining use of their limbs, pot metal jewelry being turned to gold, et all, et all. She never actually asked for money, but was quite happy to accept “donations”, or guide you to her store where you could buy memorabilia and other cheap crap,
    I got caught in the traffic fustercluck one Saturday. I had been doing some contract work designing and building machinery for a company in Atlanta and had managed to squash two fingers, due to being careless AND working on machinery alone. Went to the hospital and had them sewn up ( index and FU fingers, 12 stitches total, all above the first knuckle) and from there headed home. I had chosen that day to drive my 86 Shelby Dodge, 5 speed of course. While inching along in the traffic, the medication had wore off and my hand was really starting to hurt. Hurt to the point where i was yelling out my window at “you worthless bastids blocking up the damn road”. Then a few years later it came to an end. I guess the gullible had been hustled enough there, and moved on to some other miracle.

    http://m.georgiaencyclopedia.org/articles/arts-culture/conyers-apparitions-virgin-mary

    One of the good things that came out of this was a bumper sticker someone had printed up and was selling;

    Come to Conyers, Eat, Drink and See Mary.

    Reply
  17. stingray65

    What does it take to become a entrepreneurial billionaire, and why do so few women attain such status? The simple answer is that men are more extreme and women are more balanced. High IQ is highly associated with extreme success in many fields, and genius men outnumber genius women by 7+ to 1. Men tend to be more extreme in their obsessions and therefore willing to work 60-100 hours per week for years on end to attain goals or complete the tasks – whether it is obtaining an Olympic medal or becoming CEO by age 40 or building some new device in their garage or basement. In contrast, most women want “work-life” balance, and studies consistently show women work fewer hours than men at paid employment or hobbies or sports, even among single women without childcare concerns. Men are also much more willing to take on risks to achieve desired goals – whether it is dropping out of Harvard to start Microsoft or Facebook, or betting their career on accepting a risky business unit turnaround or foreign assignment, or testing their homemade rocket pack by jumping off a cliff. We hear about the “success” stories from these risk taking males, but seldom hear about the losers who bet the farm and lost, and almost never hear about women because they typically avoid taking risks. Men are also much more likely to choose high reward educations and careers in tech, engineering, and finance, while women dominate in low reward educations and careers – guess who gets the venture capital – the male Stanford bio-engineer graduate or the female Harvard social work major?

    The fact that rich old guys were falling all over themselves to invest and support a female Steve Jobs totally contradicts the feminist fable that patriarchy and misogyny are the only things keeping women from smashing the glass ceiling.

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  18. mas

    I read the Carreyrou’s book on my vacation. It is a fascinating read, filled to the brim with dirty tricks played by Holmes and her army of lawyers (led by David Boies) and PIs who ambush and Sue Grand child of George Shultz (Reagan’s Sec. State.)
    There is at least once suicide (a couple of days before a deposition) and quite a few nervous breakdowns. There is the compulsory abusive middle manager bullying and yelling at everyone, and one episode where Holmes speaks with her normal voice before switching back to the deep, Marissa Mayer like voice.

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