Wednesday, November 16, 2016

Theranos whistleblower was grandson of George Shultz, the former secretary of state and a Theranos director

WSJ:

Tyler Shultz, now 26 years old, was among several Theranos employees who tried to voice concerns inside the company about what they saw as troubling practices, and Mr. Shultz was the first to blow the whistle to a state regulator

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The tension opened a rift in the Shultz family. While growing up, Tyler played in the pool at his grandfather’s house, and he often dropped by the elder Mr. Shultz’s home or his office at the Hoover Institution think tank while attending Stanford University.

In the past year and a half, the grandson and grandfather have rarely spoken or seen one another, communicating mainly through lawyers, says Tyler Shultz. He and his parents have spent more than $400,000 on legal fees, he says. He didn’t attend his grandfather’s 95th birthday celebration in December. Ms. Holmes did.

“Fraud is not a trade secret,” says Mr. Shultz, who hoped his grandfather would cut ties with Theranos once the company’s practices became known.