Ms. Holmes is in debt to Theranos because she reportedly bought stock in the company and deferred payment. However, the company can pardon her debt, according to the report.
“People familiar with the matter” told WSJ Ms. Holmes wanted to use her debt as collateral to dissuade investors from suing the company. She is offering investors some of her shares in exchange for an agreement to not file a lawsuit, according to the report.
Read the full story here.
More articles on leadership and management:
Physicians give Regional Health CEO Brent Phillips vote of ‘no confidence’
Push to pass ACA replacement will take weeks, Ryan says
Word from the C-suite: Preventing cybersecurity attacks goes beyond the first step in the ‘kill chain’
At Becker's 4th Annual CEO + CFO Roundtable, taking place November 2–5 in Chicago, more than 1,500 hospital and health system executives tackle decisions that determine whether organizations thrive or merely survive: protecting margins under cost pressure, choosing where to grow, renegotiating payer relationships, stabilizing the workforce and proving real ROI on technology. This is where leaders work through them together, face-to-face. Apply for complimentary registration now.