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Elizabeth Holmes is the former CEO of Theranos, a company that claimed to have created a blood test that only required a patient's drop of blood to test for thousands of different conditions.Theranos was considered a Silicon Valley unicorn and was valued at $9 billion. Multiple A-list companies and individuals had invested in the company before it was exposed for fraud. As it turned out, the blood test machine wasn't accurate in its diagnosis results and was not working correctly.
During 2015 and 2016, the company came crashing down. Elizabeth Holmes stepped down as CEO and was charged with "massive fraud" for her role in covering up the product's shortcomings. Her trial began in late August.
Theranos was exposed because of whistleblowers who were employees of the company and knew something was not right.One former employee, Erika Cheung, who had quit because she had witnessed the fraud in the company and later exposed the truth to the media, testified in the trial.
There's a lot to unpack with this story, but one important legal aspect is your employee rights to speak up. Suppose you experience or witness something at work that is unethical. In that case, you should gather your facts and questions, have a private conversation with your immediate supervisor, and follow the business' policy for misconduct.
While speaking up should be encouraged, many employees fear that the company will retaliate against them for exposing them. This happened to the whistleblowers at Theranos, Cheung reported. Retaliation can look like many different things, but here are some concrete examples of it:
Fear of retaliation is a key reason many people are afraid to speak up when they witness or experience something unethical. This fear is all too common in harassment cases as well. If you think you are being retaliated against, here's what you can do:
It's so important to speak up at work, but many are scared to do so for fear of retaliation. What these people don't know is that the law should protect them from being retaliated against. Talk to your provider lawyer about your employee rights and what to do if you are in this situation.