Question
A company in a traditional sector like manufacturing can apply the lessons learned from the Theranos scandal in several ways. Firstly, they can ensure transparency in their operations and communications, avoiding the deceit that characterized Theranos. Secondly, they can prioritize ethical leadership and good corporate governance, unlike the fear and intimidation-based approach used at Theranos. Thirdly, they can ensure that their claims about their products or services are accurate and verifiable, to avoid misleading investors and customers. Lastly, they can foster a healthy work environment where employees are treated with respect and not subjected to harassment or frequent firings.
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While Elizabeth had informed the board of hiring him, she had hidden their relationship and underplayed the scope of his role. Sunny used a fear and intimidation-based approach to management. Employees found him arrogant, rude and condescending. Often he would remind people that he was doing a favor to them by working at Theranos when he did not need the money. Employees he disliked faced frequent harassment and yelling. Eventually, he would "disappear them", a phrase that employees coined for Sunny's frequent firings.
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