Friday, October 22News That Matters

Tag: Buddhism

Elizabeth Holmes Trial: Key Takeaways From Week 5

Elizabeth Holmes Trial: Key Takeaways From Week 5

Technology
SAN JOSE, Calif. — The fifth week of the trial of Elizabeth Holmes, the founder of the blood testing start-up Theranos, offered only brief moments of drama amid long stretches of technical tedium.Ms. Holmes is fighting 12 counts of fraud for her role in building Theranos into a $9 billion company that collapsed when it was revealed that its blood tests did not work. She has pleaded not guilty; if convicted, she faces up to 20 years in jail.Ms. Holmes’s reputation as a tech and business prodigy — and the intense interest in her downfall — has turned the trial into a media spectacle. But a month in, the minutiae of the case, which hinges on whether Ms. Holmes intended to mislead investors, has begun to drag.While the trial usually takes place three days a week, Friday’s session was canceled ...
Surviving in Isolation, Where the Steppe Has Turned to Sand

Surviving in Isolation, Where the Steppe Has Turned to Sand

Travel
The road ends, and the old Soviet car I’m in — a Lada Niva — begins to shake on the unpaved lane. In the darkness, Erdni, the driver, somehow manages to maneuver between large gullies and mounds of sand that seem impossible to discern.After a couple hours of driving east from the Russian city of Elista, I find myself in the heart of the Kalmyk steppe — at the farming spot, or camp, where Erdni lives with his wife, his children and his father.It’s the end of 2020, and the world is still gripped by the ongoing pandemic. Everywhere, it seems, people are struggling to maintain social distance. But there are communities in some parts of the world — here, for example, in the Russian republic of Kalmykia, on the northwestern shores of the Caspian Sea, south of the Volga — where distance is an ine...
Rose Marcario, the Former C.E.O. of Patagonia, Retreats to the Rainforest

Rose Marcario, the Former C.E.O. of Patagonia, Retreats to the Rainforest

Business
You left Patagonia abruptly last year. What happened?I had been having a conversation with the Chouinards in 2019 about transitioning out because, honestly, I felt like I had accomplished everything that I wanted to accomplish as a leader. I felt like I had learned everything that I wanted to from Yvon. A lot of C.E.O.s stay a little too long at the fair. I think it’s good for companies to have new leadership.When the company made the announcement, it was essentially effective immediately, and there was no immediate successor named. That’s pretty unconventional corporate governance.Yvon doesn’t do anything in a conventional manner. He’s not going to follow the optics of public companies. We had just gotten through the hump of everything that was going on with Covid. The business declined. ...