In His Own Words: The Theranos Whistleblower
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- The story of the Theranos downfall is already one of Silicon Valley legend. What made Tyler Shultz anonymously blow the whistle at Theranos to Wall Street Journal reporter John Carreyrou? How did Tyler’s family connections to Theranos complicate his decision to blow the whistle? What made him finally “out” himself as the whistleblower? What experiences did he have growing up that formed his moral reasoning skills? What factors lead to the unethical culture at Theranos?
Hear directly from Tyler Shultz, the Theranos whistleblower, in this interview by Ann Skeet, senior director of Leadership Ethics at the Markkula Center for Applied Ethics, during an event held at Santa Clara University in the fall of 2018.
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He cared about the people getting inaccurate medical diagnosis, yet the courts only cared about defrauding investors. God bless him for speaking out and caring about the people.
She was charged with defrauding patients as well but the jury didn’t find her guilty on those charges
@@blackbox1911 I'm curious about the logic of that. Because if she was found guilty in defrauding investors, surely that would be based on the fact that her machine didn't actually work. And if the machine didn't actually work, then doesn't that prove that she was giving patients false test results?
@@rocketduck44 exactly. This amazes me. The connection is obvious, isn't it?
@@rocketduck44 Emily D. BAKER is a youtuber lawyer who broke this down of ur interested about learning more about the legality of the charges
It’s a harder to prove charge and lawyers usually hedge their bets on the conviction they can actually get. She was charged with defrauding patients but it wasn’t easy to prove and so she wasn’t found guilty
She thought hiring George Schultz’s grandson would boost her, but it ultimately contributed to her downfall. Love it.
Karma's a bitch!
Trail is about to start
Now , the I have a baby card. To stay out of Prison
4 US Generals was on the board it was A government pondsey scheme whres the blood?
I can't believe his grandfather threw him under the bus
The most important lesson any parent can teach their children is the definition of integrity: always do the right thing, even when no one is watching.
I feel like from this story we can gather that perhaps he learned that lesson by himself, his parents seemed willing to provide him with plenty of excuses not to do the right thing here, although I can well understand any fears they may have had for their son, people need to be encouraged to do the right thing no matter the consequences for themselves sometimes, this was not just about money, this involved erroneous medical test results, the consequences could have been so much worse.
He should have his photo in the dictionary under “integrity”.
@@DR-nh6oo very nicely dissected. I like the alum who's on anticoagulants who said about the room at SAFEWAY who was prepared for the Theraons machines, and that Tyler and Erika effectively saved her life.
@@bryancheron6902 Exactly, both him and Erika Cheung, whose TED talk end-up nicely saying that it should be the norm, not the exception :-)
Tyler didn’t learn it from his parents. His parents begged him to settle and his shithead grandfather tried to intimidate him.
Many experienced Theranos scientists could see what was happening but took home large monthly pay checks and kept quiet. It took a young man with morals and courage to take on the fight, Well done that man.
"scientists could see what was happening but took home large monthly pay checks and kept quiet" - same in nutrition and climate - and they viciously attack anyone who puts up any simple evidence of the hidden realities behind their false claims.
They should be ashamed of themselves
Did you even watch the complete video?
It wasn't a just a "young man with morals and courage". He was a "young man with morals and courage AND the ability to spend 500.000 dollars on legal fees".
@@MrAerohank lol true. people really acting like they would go into 500,000 debt just to tell a story that might go no where.
look at snowden, dude is living in russia just for a story most forgot about already
Yes! And let's not forget Erika Chung, who was just as courageous with far less wealth and power at her disposal, though I admire Tyler too for going against his own family, which takes its own kind of courage. They are both heroes.
I read that his parents had to spend about USD 500k on legal fees, and they were about to sell their home to protect their son. I hope that he's paid for talks like this because he deserves it.
Its true
What about the grandfather
Victory Begins in the Garden That was my thought when I read the original comment.
A good family
@Eric he should have been disbarred for engaging in a criminal conspiracy.
with reference to the legal fees he ran up, it is scary, that as a whistle blower, you have to consider whether you can afford to tell the truth
So true! I never thought that in order to expose the lie and tell the truth you might have so much legal fees to prove your telling the truth. This is just so crazy.
reminds me of the movie Erin Brockovich with Julia Roberts
So much for democracy huh???
Whistle-blowers get 10% of the amount found to be fraud.
That's the sad truth about the American legal system. It's pure capitalism nothing about seeking the truth.
As a retired senior executive my view on a young whistleblower who was very accurate would be a very marketable individual. Companies need employees to speak up. No one person has all the skills and abilities to make the right decisions. A good organisation is made up of differing views and skill sets. Well done to this bright young man. May he enjoy a long and prosperous career.
The saddest part of this-- His own family took her word over his b/c she was the CEO & was allowed at their own family functions cause grandpa was getting a fat check from her. His own grandfather set him up--please everybody take that in for a second.
You are an amazing man & I am so sorry your family didn't believe you were telling the truth.
It's only his grandfather. His parents supported him. George Schultz was very wealthy. He was the CEO of Bechtel before joining Reagan's cabinet. He took Elizabeth Holms's side over his own grandson because he's captivated by her, not the pay check.
💯💢
That's not really fair. Most people would tend to take the word of the famous invemtor over a young intern. But if he knew Tyler well enough, he should have at least looked into it. I always took the word of a 3-year-old over anyone else's because I had not even once known him to lie to me.
@@mikemondano3624it’s his own grandson. A grown adult. It’s embarrassing how he believed her over his grandson
he's young, he's cute, he went to Stanford, he takes down corrupt corporations from the inside...he's the total package
Yah but he likes boys... sorry
Agreed
From the introduction it sounds like he’s trying to ACTUALLY make a product similar in function to the theranos scam mini lab. Obviously it will be much larger (as it has to be to function properly) and most likely not attempt to do nearly as much.
@@Pynenberg3 sound good
People who go to Stanford are narcissistic elitists. That's totally not in his favor lol Go Bruins!!
This kid is proof that you can still be born rich and turn out good. What makes that happen? Good parenting. The story about the Japanese kindergartner speaks volumes of the parents he had. A good mother & father goes a LONG way.
Didn’t you hear the part where they didn’t believe him and put him in uncomfortable situations by inviting her to family functions. Did you miss that the grandfather set him up to be silenced.
Amen to that!
@UC1ngsxzgFuPCVIZ2kwl-WXQ the grandfather not his parents you moron
@@lulubelljingles9701 and yet he still had the confidence to follow his conscience. They raised a strong and ethical person. Refreshing, huh?
@@lulubelljingles9701 just because the family was duped at first doesn’t mean they were against the son. This woman had some of the biggest names in the business world manipulated into believing her. Not only was the theranos device a major money maker, but it would have been a huge medical breakthrough had it been real.
People WANTED to believe in theranos and that’s exactly why that specific business plan lasted as long as it did and had as many believers as it did. I think that had it not being a medical device, the whole thing would have collapsed earlier. There would have been no incentive other than money if it wasn’t what they said it was and once it started to make less money, it would have been over with. They kept it going because they thought it was making a difference.
I think that is a major factor in why it took so long with everyone, let alone this kid’s parents. A lot of people were wrong here, but I don’t think all of them were immoral.
There's no reason for him to be puzzled by his job offers: Having a known whistle-blower on your staff is advertising a claim of "We're clean; we're not afraid..."
exactly and it doesn't hurt that he is the grandson to the former secretary of state
Also labs respect integrity and need it in their work and research.
Absolutely
@@cbatta2025 Bingo.
"Come work us....also, what's your grandfather's phone number?"
I have so much respect for this guy. I was a whistleblower at a company and for months/years you’re scared and lonely. It was one of the worst times in my life. You have to be a very strong person to endure it.
And you are strong honey. Well done.❤
Tyler is a class act ( under stress). My greater admiration goes to the other whistle blower- Erika Cheung, who had less resources and connections.
I can't imagine the stress I'd be under having a renown legal bulldog growling at my heels. I'm hoping both will have great lives!
Erika returned to Hong-Kong...she did not have any rescources and connections, and that shows how cotstly in to be a whistleblower within a greedy corporation in USA...
@@Q_from_Star_Trek she came to Hong Kong because she admired the startup scene not because she was not successful. She is actually part of a founding team for a startup that has outposts in Silicon Valley and Hong Kong. There is an SCMP article on her.
Agreed. Erika is amazing. And, ultimately, her letter to the appropriate regulatory authority led to the investigation which shut the lab down.
She's my new hero.
Check out her Ted Talk.
He deserves a Nobel Price for saving lives.
That must have really hurt when his grandfather didn't believe him. Poor guy
Families are the most ruthless.
I'm sure he knew how his grandfather is and I doubt he ever spent time with his grandkids
It's because of $$$$$
His GRANDFATHER GEORGE SHULTZ WAS THE FIRST FRAUD AND CRIMINAL!!!!!!
His grandfather was involved in Iran-Contra - you expect him to be ethical?
if the cost to be ethical and honest in our society is $500k, and we're all saddled with student debt and mortgages, then how can we afford to be an ethical and truthful society?
Absolutely Agree-this speaks to the crux of corruption!!! 😃
The sad thing is his very prominent grandfather, former Secretary of State George Schultz put his own financial interest in Theranos ahead of his young grandson. Instead of acting on the information, Tyler shared with him, George blew it off. As a grandfather myself, I can't imagine putting money ahead of family. But here we are.
I'm glad that he gave credit to the other whistleblower as well
Would be good to hear her story.
th-cam.com/video/vMQlj9TZQfE/w-d-xo.html
@@amritasurana Thanks.
This guy is a true gem of a human-being. Any company that has someone like this in their ranks is blessed.
Except for the fraud companies.
Blessed. Blessed,Blessed.When He said his parents suggested that they learn a few words in japanese to make the kid feel welcome, My eyes teared up. Really wish that was peoples first reaction more often.
Or CURSED 😵 depending how SHADY THE COMPANY IS
Agree. Wasn't surprised at all he got so many job offers. I'd hire him, too. Not only for his integrity and courage but also just because he's obv very bright and observant.
I have a lot of respect for the guy. He did what was right in the face of extreme, constant adversity. That's real character.
This dude. The way he knew gaslighting when you hear it. What he did was admirable.
"I was always thinking about money as a resource, i didn't have an emotional attachment to money", spoken like someone who's never had to worry about money, but I'm not hating - he did the right thing and i hope she does proper time.
Yeah I came to the comments to say this.
He did an amazing job.
the elephant in the room is that he had no concerns (job, money, being rehired). When he said 'i didn't expect job offers' kinda shows how naive he is about his position/privilege.
Anyway great that Elizabeth has gone to jail.
I thought the same. He didn't have alot to lose. But given he's part of the elite, you gotta give him props for stepping up. Edit: Sure was a whole lot of self grandiosity.
@@MsLouisez I'm amazed that she has finally actually gone to jail. A nice, comparatively easy open prison of course. And I'd stake my money on her not staying there very long, but being allowed to stay comfortably at home with an electronic tag instead. Watch this space.
Tyler Shultz: You have more class and integrity than most and are the best product of all your family! Hold your head high man!
EVery single person on that board needs to be held accountable.
Everyone on the board of Theranos is a professional famous person who knows nothing about science and in many cases have committed bigger crimes. Have you heard of Henry Kissinger? No one is going to prosecute him.
@@bronzedivision Every single person on that board FAILED to to do the job they were paid to do . EVEN when important information is smacking them in the face (Schultz). It doesn't matter who they are! These old men needed to check their viagra addicted pecker at the door.
@@bronzedivision Ignorance is a bliss but it doesn't exclude you from the law.
Holmes controlled by far the vast majority of the voting power, she could make decisions by herself completely autonomous of the board. They had no way of firing her or any other executive, they couldn't even form a quorom and hold meetings without her presence that had any legal weight.
Theranos board was just for show. Elizabeth Holmes reigned completely supreme over it.
@@paulallen579 Yeah. I understand. Then seriously whats the point of having a board?
So this young Honest man, an intern who decided to change his major from Engineering to Biology in his Junior/senior year at Stanford, knew within just a few months that this whole thing was a scam! While his Grandpa sat on the Board and was knocking down (no doubt) some serious money! LOL I for one, appreciate hi integrity and I wish him many years of success in whatever field he choses.
The fact his Grandpa was willing to throw him to the wolves and completely comrpimose his own Grand-son is despicable to me. It shows just how willfully complicit Grandpa was.
did you not hear the part at the end where he said that "the board had no power"Elizabeth Holmes was very convincing at getting people to believe her. think about Bernie Madoff on how he scanned people. true grandpa Schultz was on the board getting a check he was high profile that is why she hired him. The woman was calculating and conniving. But his grandfather instilled an ethical code to his son which was later passed to his grandson.
@@Pursuepeace0715 I may be old fashioned but I think when you're invited to set on a Board meant to represent stock holders of any kind of entity, you are obligated to do your due-diligence and investigate the level of integrity in that organization before accepting.
If someone asks me to drive them to the Bank and they have a gun and a large bag as they get in the vehicle, I'll probably not take them to the bank! LOL
@@downhilltwofour0082 come on you know as well as I do that is not how it works and why these things happen a lot. BOD only concern about the bottom line -making a profit. Maybe if more of them would end up serving time in prison and not walking out with millions dollars payout or parachute, like what happened years ago in the mortgage industry with all those lenders doing subprime loans. No one in Wall Street or bank CEO, nor BOD went to jail
@@Pursuepeace0715 I had to re-read my comment to see where I said how it works. I said how it's supposed to work. I totally agree these people need to all be held accountable. Will that ever happen? oh heck no! LOL
4:17 Tyler Shultz starts talking
6:42 meeting with Elizabeth Holmes
11:13 meeting with grandfather, George Shultz (former US Secretary Of State)
15:12 trade secrets
15:55 more about grandfather and family
17:12 tiled world vs carpeted world
Bless
thank you
@@StormyKid27 you're welcome. I'm a fan of ten-second-max introductions.
Thank you
@@BobStein I get why the host gives background, but I don't need it! Thanks.
What a horribly confusing situation to find yourself in as an early-20's scientist!
Big props to Tyler for sticking with what he knew was right.
Mad props to Tyler for having the moral conviction to do what he did. However, when he says he isn’t sure why he didn’t have trouble after whistleblowing, he should acknowledge that he was lucky that his family was extremely wealthy and that he has a very famous grandfather. Not everyone has the luxury of spending $500k in legal defense fees and carrying the positive reputation of his last name. It sucks but there are two legal systems in this country, one for the rich and one for everyone else.
Never mind I saw he did acknowledge this. Great kid.
He did acknowledge, by saying that his family could afford, while Erika Cheung, his fellow whistleblower, couldn't and she returned to Hong-Kong. I totally agree with the dual legal system.
What a mature, inspirational dude. I was impressed by his self awareness when acknowledging how much privilege played a role in what he was able to do.
For all the things he had to go through, the saddest was the betrayal by his grandfather. 😢
It was his parents actually encouraged him to silently leave also.
Right? What a POS.
The key here is that Ms Holmes managed to dupe enough rich, powerful people who could not afford to look stupid.
AND who were all desperate to still "be in the game" by getting in on the next big thing. None of those old men she fooled needed the money; it was all about ego.
The Emperor’s New Clothes strikes again.
What is the dupe? What's so impossible here?
Ding. Ding. Ding. You win the best answer and the most likely reason they were willing to keep the wool over their own eyes.
@@annetorres971 Yup. Nailed it. At some point these men operate in a 'too big to fail' mode. They would never consider that someone so brilliant, so established, so successful as them could ever be tricked. So they look the other way.
I don’t find it surprising that he got job offers, he showed integrity which is not so common these days.
@@tonym4953 : He's very aware of his position. And I don't hold it against him. I like how he says he was "willing" to spend a million dollars. Right. I'd be willing, too. But I couldn't.
This young man is an F'ing hero. He followed his moral compass. He refused to be intimidated by people who would intimate most. He stood his ground under immense pressure. He stood for what is right. I wish there were a lot more people and stories like this today. I would hire him in a heartbeat. I feel like he will do well in his life and career just based off of his character. And a degree from Stanford proves he is no idiot either. I feel so jaded about society and politics, but people like him give me hope for our country.
This guy Tyler is an inspiration to me. Given what I have seen in US politics over the last few years it is refreshing to know that at least someone in the young generation values ethics in business.
Thank you Tyler. You’re a real hero.
What a great man Tyler Shultz is. He fought bravely for the search of truth, even going against his family's will, to expose the criminal that Elizabeth Holmes is.
Were there any deaths that resulted from this?
@@TheIndependentLens
The Chief Chemist at the company committed suicide.
@@TheIndependentLens There would've been. Many.
@@skuyzy198 Oh, I don't doubt it. Logically had this ever gone through it would've been nightmare with who knows how many deaths. I was just asking. Trust, I wasn't trying to be one of those sovereign tools playing the "no victim, no crime" crap.
The entire board was a scam/sham. Just a bunch of prominent old white men to look important. And seriously ... putting two 90-something crusty ancients (Kissinger, Schultz) on the board of a 21st century biotech medical device company?! What possible value could they ever add, other than their name!? It was a potemkin board. Any above average STEM teenager would be a better director.
Had no idea that someone so young was the whistle blower was so young. What an awesome human being.
Read your words
And he was so young.
And they were roommates.
Awesome millenials who stand up for justice...
Christopher Wylie's also a whistleblower.
Tyler Shultz, you are definitely a man of character. You had adversity come at you from all directions, even pressure from your own family, grandfather, and you stayed steadfast to your convictions. That is amazing especially at your age. Your grandfather should have believed you when you had that meeting with him and those 2 lawyers. Thank you for being and staying honest, Tyler. You may have saved people's lives.
He touched on the real issue at the end: the VC/investor community. They push for “go big or bust”, and put tremendous pressure on founders to be bigger, faster.
There is some truth to the VC community looking out for their investment but not tremendous pressure unless it is a sinking ship. Major investors surely have a spot on the Board of Directors on start up medical device companies.
He’s so humble, clearly he was raised by wonderful parents. I hope his legal fees were paid back by company as damages .
I hate to burst your bubble of hope for his parents being amazing, but if you watched the video and listened to him explain how it went for him, I noticed him mentioning his family members discouraged him from coming out against the company with the truth, and he was disbelieved by his family (parents, grandparents). He is amazing, no question about that. He seems, though to be amazing from inside with his own moral standards that were not instilled from external influences, but from within himself.
His family gave him no support to come forward.
They were obviously worried for him before he went public that doesn’t mean they didn’t support his decision. Once he made a choice they still spent their millions getting him a lawyer they were about to sell their home in the process. They raised him well. They supported his cause. Get your facts right.
@@Thepc425 you are spot on. The parents were rightly very concerned that he would be blackballed the rest of his life. His grandfather is a greedy proctologist’s dream.
@@erinnelson434 I love your comment ♥️ he is smart, honest and lovely. He will do well.
Its good to see that there are still humans with morals in this world.
and enough money to fight the contract that kept the employees quiet
Guess his parents taught him something growing up. Amen 🙏
@@neithanm Nope Im talking about his morals.
@@jacksnuller4867 We all have morals. There are usually many other factors at play; self preservation, the prioritization of family and friends, etc etc. Don't fool yourself into thinking you're one of "the good guys". We're all flawed.
I agree.
If I recall, the reasons Theranos tracked him down was through a very specific number quoted by the WSJ journal. It was the exact same number that Tyler had emailed to Elizabeth herself. Incredibly commendable what this man has done to bring Theranos corruption to light but journalists should protect their sources better!
He’s taken on a raging sociopath and lived to tell the tale. Sadly the $400-$500k price tag to being a whistle blower makes it prohibitive for others to consider doing the same, sad.
I’m an old woman and this young man restores my faith and allays my fears.
Brave, genuine guy. We need more of these.
He got his gig because of nepotism. Come on!
working there at the age of 23???? sounds like mommy and daddy bought his degrees....there's going to be a lot of sick people if there's no.
@@anne-marie3966 I am not sure how to interpret your comment but Theranos was the place to be. We are talking about a company that was supposed to be disrupting things. Everyone wanted a job placement there. Get in early to get the stock options... We are talking about a Kid, whose grandfather, a 4 time cabinet member, was on the board of the company.
@@anne-marie3966 Sounds like you're sexist
@@talhatheoptimist8153 You do the math...how many years would it take to get this kind of education.
I studied for a Master's Degree in Ethics. It is a subject that imo should form part of the school curriculum from a very young age. It teaches logic, critical thinking, instills a sense of what is right and wrong and how to discern the difference. We're living in a confused world because the ability to think for oneself is missing in most individuals.
You're being generous with "missing in most." I'd say it's missing in about 99% (in America, anyway). I can say that with reasonable certainty because my scrutiny spares no side -- and it’s nearly impossible to put a pinprick through the envelope of intransigence encasing their brains.
For 20 years, I’ve been practically spit on for following principles those same people promote on a daily basis. I wrote and produced a documentary to address such behavior, but in the last two years - I’ve seen savagery beyond anything that inspired it. But through it all, I came up with idea - and it's got teeth.
What I don't have is any help in having this story land in the right hands. Perhaps with your background, you might have some ideas on that. If you're interested in hearing about it, lemme know. Thanks!
Being a master in ethics, what do you think about vaccine choice? Is it unethical for it to be mandated or unethical to force people to get inoculated?
In a company, full of senior professionals (engineers, biologists, etc) ... it had to be a junior professional to come forward and denounce what was happening inside... this speaks in itself for the quality of some of the 'professionals' we have out there and the generalized lack of ethics, work and otherwise,...
Bright young man with a good moral code. Need more like him.
Tyler has mad courage. I showed my 21 year old son this as inspiration.
to lead is to engage in risk. too engage in risk is to engage in cost, whether monetary, social, political. it should be taught in school, especially Stanford.
Kind of sad he had to stand up to his morally defunct grandpa 😢
Why? He was a Johnny-come-lately. After getting bullied then folding and singing an NDS after Theranos was being exposed he then rode a wave already moving and spoke out. He is no inspiration. Well, he monetize his story. I guess there’s something.
@@ambassador8524 but atleast doing something is better than nothing dont take credit from him if he wasnt there she could have gotten away with her charm
He was lucky that his parent 1000%supported him...
And he came from a upper level well to do family.. If an Average family would be bankrupt before the the truth came out
I’m impressed and grateful that he had more courage to “make waves” than his parents, and that they ended up supporting him. It’s even more amazing given his grandfather’s disbelief and Tyler’s young age.
Unimaginable psychological pressure on him knowing all the facts! Probably his conscience started talking to him that he listened to! Media did a great work by supporting him.
Thank you Tyler for stepping up. You literally saved hundreds if not thousands of lives. The government should be cutting a check to you for the savings in court settlement costs alone. And you saved your grandfather and all of the other investors from the embarrassment that would have been caused because of the failure to put someone on the board that had any medical knowledge.
@S S You don't make any sense see a therapist.
His idiot grandfather likely is still supporting her, despite all this . It sounds like a personality cult.
@@rao8559 he's delusional...
Tyler did the right thing and I have immense respect for him.
But the investors/board deserve to be embarrassed. They chose to support a delusional megalomaniac instead of doing their due diligence. Let's not forget the politicians that held up Holmes as an example of a great entrepreneur
If you want to write him a check, write him a check. Government's money belong to all of us. The guy is great though.
I think Holmes really believed all it took to succeed as entrepreneur was to boss people around into realizing your vision. After all many people naiively think that's all Steve Jobs did.
She is one of those people who thinks that is all Steve Jobs did. She'll be another absolutely dreadful parent like Steve was. Disgusting people.
wait but isn't that what steve jobs did? started a computer company without being able to code or build digital circuitry
@@Stumashedpotatoes But he hired the right people and didn't have a scam mentality
Yeah but it helps actually having a realistic, achievable vision first … I think at least Steve Jobs understood the distinction.
@@erossinema8797 idk i think Steve just got lucky that his vision was achievable and theyre both snakes
I love this interviewer. She is very reassuring, says the right things at the right moment, and lets him talk
HIs Grandpa threw his own Grandson to the wolves in order to compromise him and his integrity. That proves to me that his Grandpa as knowingly complicit in the whole affair.
Young man for sure has more courage than his grandfather
@@2bigbufords correct.
he's very good at making decisions, he was secretary of state under two republican presidents, so...
He has parents who believe in him, and who also had the money to back him up
Schultz and his the other celebrity politicians on the Board had little knowledge of start up medical device companies and were not complicit. I worked for quite a few start up medical device companies including in vitro diagnostic over a 15 year period so I have real life experience not just surmising.
He has experienced the best internship ever than everybody else: TO FIGHT FRAUD!!
That family should be very proud to have a son like Tyler! GREAT KID
Well done Tyler for your honesty and courage to speak up about his employer wrongdoings.
What is scary and disappointing is that there were so many people involved that knew what was going on and just went with the flow.
Only 1 person out of so many had the morality and ethics to say "enough".
The fact that he received employment offers is testament to the integrity of those companies is it not?
I agree.
Mad respect! I also love how he reflects that he was able to do what he did b/c of his background while his colleague couldn't, even though she had the same concerns b/c she couldn't afford to get bankrupt over legal fees. It's interesting& sad how he describes the legal system.
Yes our legal system needs overhauling. Serves crooks by crooks.
What a disgrace.
YES exactly and Theranos definitely threatened, surveilled, harassed, and attacked with their hired goons and lawyers, so they weren't idle threats. That's how they were keeping people quiet.
Whistleblowers can do so anonymously which starts a chain of events.
If i was rich I'd help this young bloke with the legal costs! His COURAGE, morals and ethics have won. Good on you mate....you are inspirational!
This man really went through hell, and it was all Elizabeth’s doing. She turned his own family against him and waged a war of David and Goliath proportions against him. Despite all that, he held fast. A hero!
Her dad was a ENRON top guy. Genetic selfishness.
Nope spiritual, transferance,da spit increases,as udder spirits r added two her,Anna awl da Porters reported fer her games
@@silveradotow957 what
@@who6242 her ole man spirit, is creased two her spit, growth Anna da repeaters, reports her spit Anna spirit signs,but da tooth is hidden fer duh luv of honey,powers Anna controlled,lick at duh wizard of is,we witch beech in diss crass Anna duh indian blabber putner two wizzler
@ungratefulmetalpansy no Satan ,git behine me
@ungratefulmetalpansyhe used theranos
By standing up against his former boss, being harassed and bullied he saved many lives. We need more people like Edward Snowden and Tyler Shultz.
and Erika Cheung, Tyler's fellow whistleblower who quit the job, while having a huge amount of debt graduation from UC Berkeley, who didn't have any of Tyler's material means...and she had to return to Hong-Kong. Here's her TedTalk:
th-cam.com/video/vMQlj9TZQfE/w-d-xo.html
@@Q_from_Star_Trek f
@@Q_from_Star_Trek Of course I haven't heard her story. Mainly for two reasons. I don't have to mention what they are. Thank you for posting the link.
If Erika Cheung tried to do this by herself, she’d have never made it. It took a young white male with an extremely privileged background and a powerful surname to put the nail in the coffin. Glad he knew his position and put it to what’s best for the world.
@@Q_from_Star_Trek came here to say this
He's humble, truthful, educated and realistic. He's very relaxed about the truth. Perhaps this is a refreshing change to those who have been bullied and lied to on a massive level. He knows what he knows through his experience. He also had a vested interest to protect his family member. Good.
When the grandson has more integrity than his grandfather. Smh.
I have immense respect for this young man.
Theranos is like a mix between big tech, big business, and scientology secrecy
I am a former Veterinary Laboratory Technician, principally working on the production on two Prescription Only Medications, specifically antigen testing reagents (rather a Purified Protein Derivative) for bovine TB, which is almost endemic here in England ...
From first hand of dealing with the high level of QC, especially in the Cleanroom conditions I worked in, plus, the GMP/GLP standards, even with just an HND in Applied Biology (which is a slightly advanced version of an Associates Degree ...), the moment that I heard of Theranos announced what it was planning, even I, very low down on the food chain, couldn't believe it: it defied logic, engineering, and just basic biochemistry and haematology ... there was no freaking way it could ever work ..
But what really blew my mind was how she was able to not only obtain the funding she did, but stacked the board with practically a who's who of Elder Statesman, including Gen. Mattis ... how she did that blows my mind ...
... but what fell out of this mess, and most shocking to me, was they were playing with _actual_ patients' blood, rather than volunteered test samples. That massive 300% difference is literally a matter of life or death, as accurate results _directly_ affects treatment. It's why hospital laboratories undergo routine QC, double blind, testing, to ensure that it meets, and preferably exceeds, standards, and those standards change over time, reflecting the increasing sensitivity of equipment, even though the volume of the blood remains the same.
The reason for that is slightly above my pay-grade, but put simply, you can't test a tiny amount of bloody, fully, without a diluent. Dilution effects sensitivity even more, as the machines need to be even _more_ sensitive, especially when dealing with, say, the volume of white blood cells. In fact, working off of the direct sample, and obtaining a single, accurate, test result from a tiny sample, would've been a break through ...
But she promised tens, if not hundreds, of analyses off of the exact same volume ...
Elizabeth Holmes may have bluffed those with the money, but little scientific knowledge, but she couldn't bluff the scientific community.
For persuading Walgreens, to go live, with actual patients lives in her hands, 25-Life is in order, plus a lifetime ban holding _any and all_ executive positions, if paroled ... to me, she's worse than Amber Heard ...
... and _that_ is saying alot ...
And, yes, I'm pretty pissed off about Holmes ... she isn't worthy of that surname ...
Aaaaand as a grand finale: the woman on blood thinners. So glad this was included because at the end of the day it boils down to people whom do not have room for error; their lives are on the line. Short yet serene interview. The way this young man handles himself is very admirable. To take on essentially a whole corporation of top dogs WITH money that most certainty whispered sweet nothings to many investors AND have familial ties opposite him takes a special type of courage I honestly have never seen before.
🙂👏🙏
What a fine, smart, ethical, and well spoken young man. I hope he goes far in life. As for Holmes, I hope the judge comes down hard on her.
What is your opinion on the person interviewing him?
@@joycedominguez1828 she would have never been a whistleblower :-)
Legal system is indeed disappointing
Really excellent presentation! He made a good point about how easy it is to start picking and choosing your data. Before you know it, it becomes a habit. I worked in a company where we were developing a new diagnostic test. While trying to get the kinks out of the physical aspect of the test, we allowed for a longer testing time. I was told by my boss that this was fine since this was a preliminary investigation. After I quit, word got back to me that they were unaware of the time extension and acted as if I had been presenting false results all along. My lab notebook showed otherwise, and fortunately it had not gotten to a point where it was ever tested on patient samples. I was 21 and fresh out of college and had not learned to stand up for myself. It definitely sours your opinion of scientific research, but has also taught me to be cautious when blood test results do not seem to match the symptoms.
I was pretty disappointed with the interviewer when he idly speculated "I don't know why my experience [as a whistleblower] was [so much easier] than others in the same situation." and the interviewer responds "It's probably because of your relative.... youth." So close to the truth that it's because of his relatives.
He deserved a much better interviewer...
@@desireerutten LOL...indeed and from her demeanour you'd see that she would never have the courage to be a whistleblower...she's just a wannabe...
good one!
Interviewer was as clueless about that as about her diet.
He had a nice network of people to fall back on. Someone else without the connections might not report it because their livelihood is at stake and there isn't necessarily a cushion to fall on.
This story is insane. We need more people like this guy.
you've had lost of them. like the Polish forest where the officers were all shot, they're either fired, run out of the industry, or blamed. it just isn't reported, and when it is, the gamers have all the lawyers and media in their group.
Wow rich kid with a head on right, hope he goes far and successful
Courageous whistleblowing aside, he has a great sense of humour. Seems fun to hang out with.
9:07
"Elizabeth, how great are you?"
"I am really great"
"Elizabeth is really great"
🤣
Have seen him interviewed a few times now and he comes across as completely honest and genuine and he’s not someone who can rest at night with his knowledge of people being abused
I had never heard of Theranos until after it was dissolved. I happened on a documentary that was made about the Theranos scandal and the first time I saw Elizabeth's face and heard her speak, I just shook my head and wondered how anyone could possibly believe what she said.
I totally agree with your comment.
She gave me the creeps.All these stupid old billionaires were taken in by her though.
Focus….how many of those stupid investors were women ? Now do you understand ?
I don’t know how she got away with it for so long, either. It’s actually quite scary she made as much money as she did
Talk to the janitors - they have keys and access to ALL the rooms and hear all the backroom talk! I learned this while at University - I studied such long and late hours and weekends I established great relationships with them and often reluctantly heard all the horror stories about faculty and the institution!
Sad thing is most whistleblowers are of the sort Tyler mentioned with the gal who was paying off student loans and ended up moving back to Hong Kong to evade lawyers - they are the true heroes, but because they lack financial means, are snowed under!
Perfect example: Edward Snowden is an American hero, and he probably can't come back here or the government will imprison him for being honest and protecting the American public from tyranny.
Also, reward the janitors. My son graduated from Digipen (a private college for video game designers) about a decade ago. The graduating class was supposed to give an award to the faculty or staff member who had most contributed to their educational experience. They voted to give the award to the head of building maintenance because he was always willing to keep the building open for an extra 15 or 45 minutes so the students could finish projects that had to be turned in the next day.
Kevin Diaz-Lane
It’s so true the janitor told me I was gonna get fired soon I thought he was crazy...two weeks later I was let go
The janitor was always the first asset I would recruit. Then I would go for the head of maintenance. Then I would target a family member of a manager to get me behind closed doors info.
Isn’t that awful. And I think you’re very sensible re janitors.
Once you are pegged as a person with integrity, everyone wants to align themselves with your reputation for honesty. Good work, Mr. Schulz. I'll invest in a company that you work for.
If Hulu's the Dropout portrayed it correctly, his relationship with his Grandfather was forever ruined over this. The man went to his grave without ever apologizing to his grandson. And on a side note the actor they used to portray him was really cute, lol.
"And she would have gotten away with it, if it wasn't for those meddling kids!"
Why does this sound so familiar?
@@dmalcolm2929 Scooby Doo!
🤣
a man of integrity. it takes nerves of steel to go against your own family, especially grandfather. at times, he must've felt he was going literally insane.
I recently went through a similar situation at a startup in silicon valley. Thanks for sharing your story.
This is a very touchy ethical conduct experience with a person of integrity. Kudos to him!
I would hire him. He was loyal to any reasonable point and clearly has his priorities right. Nothing proves your company trustworthiness more than hiring people like that.
I am OBSESSED with this story!! She should have just been a motivational speaker. Smh
I am so proud of Tyler for standing up for the truth amid so much pressure to look away from those he loved and respected. With alot of courage and the right calculations on how to proceed he succeeded and saved lives. No doubt his company will be a success. Tyler is an inspiration. Bravo young man!
Tip my hat to Tyler for his courage. What an amazing person.
Go Tyler!! Great Human Being.
Why is this cut and edited so much in the middle of his sentences? I would like to hear what he actually said.
he says the word "actually" about 300 times.
You’re such an inspiration to the young generation! I’ll definitely share this to my students!
Your students? Are they in college?? Lol.
Omg! I am in love with this guy. What an amazing inspiration! Being able to stand up and say no when everybody around, you is saying something different. This is boundless courage!! ❤❤
The companies that want to hire a whistleblower are companies I want to work for.
He’s great. I read the book and his integrity is to be admired. He’s also really cute lol.
Finally! Somebody saying what's REALLY important here.
@@hrh4961 Yes, if there's anything Elizabeth Holmes taught us, it's that truth and quality control is fine, but it's really important to be CUTE!
Well done Tyler, your honesty, and good communication skills is so impressive.
You will do well.
It's nice knowing there are young men like you .
Love Australia
What a true hero! People like Tyler still keep my hope alive.
Wow. What a remarkable young man. And what a horrifying situation he placed himself in both personally in regard to his family relationships, legally and financially in order to do the right thing.
I’m not entirely sure the $400,000 Dollars this affaire cost him and his family was as easy to swallow as some commenters suggest-he mentions risking loosing a house. So the other heroes in the story sound like his parents who also supported him despite all the marketing saying that the device worked.
The vast majority of venture capitalist funds aren’t looking to invest in scams but often lack expertise in the businesses in which they invest. His current success with his company in the same medical devices space reflects the value most funds place as trust that the business’ leadership is honest. His leadership is, beyond a doubt. He’s proven it through trial by fire and I wish him all the success such an extraordinary individual has both earned and deserves.
Finally as a Medical Doctor myself, I do need to echo one of the audience member’s comments-his actions absolutely saved people’s lives who depend on the accuracy of these types of tests. Again, what a remarkable young man.
Steve K.
What I want to know is if his Grandfather ever apologized to him? Least he could have done is pay his lawyers fees. That POS didn't believe his own flesh and blood and turned him in.
mitchsn He did, and he called the family together and told them Tyler was a hero.
he also called the lawyers of theranos wild animals that wanted to hurt his grandson and physically removed him from the room on his defense. so grandpa was wrong, but he did right his wron.
b/c he was also in it with the rest of the crooks
His grandfather is a crooked piece of shit
Yes, his grandfather and Henry Kissinger .
We need more people like Tyler in all industries, and the world in general. Gotta do the right thing, man.
The toxic work environment, the gaslighting, the intimidation from the private investigators following him, the large legal fees to fight the frivolous lawsuits they brought up on him for telling the truth, Elizabeth infiltrating his family, His grandfather choosing her over him-all of it just dizzying…