Elizabeth Holmes owes Theranos $25 million – MarketWatch

VEA Vice Chair Nell Minow is quoted in this story about Theranos’s loan to founder Elizabeth Holmes to exercise her stock options.

“It subverts the entire premise of an option grant,” said Nell Minow, vice chair of ValueEdge Advisors, a corporate governance consulting firm, who said such grants are traditionally meant to encourage executives to produce results for their shareholders. The deal between Theranos and Ms. Holmes means “any downside is someone else’s risk,” Minow said.

Source: Elizabeth Holmes owes Theranos $25 million – MarketWatch

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