Business Pants
Business Pants
Free Float Media Inc.
Manthropic’s S-1, Theranos’ board, Peltz’s fail is his win
57 minutes Posted Oct 30, 2026 at 4:56 pm.
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Story of the Week (DR):
Anthropic’s founders’ 80% giving pledge could be worth nearly $80 billion MM
Anthropic’s Founders Pledged to Donate Most of Their Stock. Their IPO Tells Another Story.
“In addition, our co-founders have each pledged to dedicate 80% of their personal equity in Anthropic to philanthropic causes. These commitments are voluntary, revocable expressions of each co-founder’s philanthropic intent and do not constitute legally binding obligations.”
Americans Are Officially More Scared of AI Than a Loved One Getting Cancer
Anthropic IPO warns its AI could blackmail people, become sentient, end humanity
Anthropic IPO (See Matt quiz)
A24’s 2026 meta-documentary You Can See Everything, directed by Nathan Fielder and Lance Oppenheim
crossed $50M domestically faster than any non-concert documentary since Fahrenheit 9/11 and March of the Penguins.
Billy Evans’ ‘Theranos 2.0’ startup has patents, investors, and a missing CTO—but no product
Zero Medical Experts on Theranos board: mostly included former U.S. officials and military leaders recruited by George Schultz
Theranos was structured with dual-class stock giving Holmes shares with 100 votes each.
A separate Board of Counselors was established after reputation damage from press reports and because of the board’s lack of medical and scientific expertise. It had zero fiduciary authority, no power to demand audited financial statements, and no authority to fire the CEO. Holmes leveraged their resumes on corporate letterheads for credibility while locking them out of corporate oversight.
Elizabeth Holmes (2003–2018): Theranos founder/CEO/chair
As part of her 2018 SEC civil fraud settlement, Holmes was formally barred from serving as an officer or director of any public company for 10 years (2028)
Channing Robertson (early years; exact dates unclear): Stanford chemical-engineering professor, Holmes’s mentor and Theranos’s first board member.
Avie Tevanian (2006–2007): Apple’s former chief software technology officer and a Theranos director early on; he later said he raised concerns about the company’s progress and finances.
Dolby Laboratories (2009-2021)
George Shultz (2011–2016; Board Counselor until 2017): Former U.S. secretary of state
Charles Schwab; Gilead Sciences (Director Emeritus until 2019); Bechtel (private)
Henry Kissinger (2011–2016): Former U.S. secretary of state and national security adviser
Hollinger International; ContiGroup
William Perry (2011–2016; Board Counselor until 2017): Former U.S. secretary of defense
Fabrinet; Cylink
Sam Nunn (2011–2016; Board Counselor until 2017): Former U.S. senator and Senate Armed Services Committee chairman
The Coca-Cola Company; General Electric; Dell; Chevron; Hess Corporation.
Bill Frist (2011–2016; Board Counselor until 2017): Former U.S. senator, Senate majority leader and heart-transplant surgeon
Teladoc Health; Select Medical Holdings; AECOM; Accolade
Gary Roughead (2011–2016; Board Counselor until 2017): Retired U.S. Navy admiral and former chief of naval operations
Northrop Grumman (2012-present)
Richard Kovacevich (2011–2016): Former CEO/chair Wells Fargo
Wells Fargo; Cisco Systems; Target
Riley Bechtel (2011–2016): Former CEO/chair of engineering and construction firm Bechtel
Bechtel (private)
Jim Mattis (2013–2017): Retired Marine Corps general
General Dynamics (rejoined board in 2019)
David Boies (2016): Prominent trial lawyer and chair of law firm Boies Schiller Flexner
William Foege (2016): Former director of the Centers for Disease Control and Prevention
Fabrizio Bonanni (2016): Former EVP of biotechnology company Amgen
Stevanato Group (until 2021); XBiotech
Daniel Warmenhoven (2016–2017): Former NetApp CEO
NetApp; Palo Alto Networks (LD until 2020); Aruba Networks; Alteryx
Ramesh “Sunny” Balwani (unclear dates): COO/boyfriend
Story of the Week (MM):
CEO proximity to Trump is now a national security threat
Nvidia CEO Jensen Huang may have been the target of a spy plot through 'Chinese intelligence asset