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Theranos board kept quiet amid mounting company missteps

Excerpts from depositions were made public in an investors lawsuit accusing Theranos officials of misrepresenting the companys performance and blood-testing technology.

By Jef Feeley | Updated on May 30, 2017
Two who served on Theranos’ board acknowledged that they failed to confront Chief Executive Elizabeth Holmes about the allegations because they believed her claims about the technology’s capabilities. (Photo: AP)

(Bloomberg) — Two former Theranos directors said they didn’t think to question executives as allegations arose that the struggling startup used existing blood-testing technology rather than its heralded system to analyze samples.

Former U.S. Secretary of State George Shultz and retired U.S. Navy Admiral Gary Roughead, who served on Theranos’ board acknowledged that they failed to confront Chief Executive Elizabeth Holmes about the allegations because they believed her claims about the technology’s capabilities, according to court documents unsealed May 26 in Delaware.

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