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by arbuge 2996 days ago
The optics of that deal might not look that good for the buyer though. Essentially you'd be buying a fraud.
2 comments

I don't get how Holmes is still CEO. I really don't get that.
Probably because the Board can't find anyone better to take over this sinking, toxic ship. Sometimes it's just that simple.
> Probably because the Board can't find anyone better to take over this sinking, toxic ship.

Well, not without paying them cash money that they don't have. I can't imagine anyone taking an equity-heavy compensation package.

Maybe Shkreli when he comes back from jail.
No one capable is going to gamble away their career on this unless they'd be sure to end up with many millions in their bank account.
Would Fortress Inv. get the patents if the loan is defaulted on? And in that case, wouldn't they be buying from them instead of outright from Theranos?