Evans on the manipulation charge and the missed Walgreens revenue

Transcript

Transcribed by machine (Whisper) from the episode’s audio, so a word may be off here and there.

1. 13:22

   about elizabeth holmes being manipulative yeah in wearing the turtleneck and talking with a deep voice and having this kind of character that she played where the idea was if she's playing a character for everyone else around here you know clearly she's playing a character all the time and that might be the origin of the the fraud of the the manipulation i think there's a lot of things that have been said about that and some of them I think if you just look back like with as much clarity as you can muster and try and disassociate like Elizabeth Holmes from the situation as much as possible. If you just say it like some of it's pretty crazy you know like that she would manipulate people with her big blue eyes and that her deep voice would immediately have people give her you know a hundred million dollars. I mean it's incredibly sexist one but

2. 14:14

   But yeah, I mean, I've read a lot of this stuff. No, you'd never say that about a man. You know, Liz would have a meeting with somebody like, I'll not insert name here, but think like one of the biggest family offices on earth. It would be a 45 minute meeting. They'd commit a hundred million dollars by the end of the meeting. And any guy that did that, people would say, wow, what an incredible ability to tell a story.

3. 14:36

   What an incredible ability to have deep conviction in the thing that you believe in, that this person wants to support your mission and your vision and when it's Liz it's wow she fleeced that person 45 minutes. Okay but then there's these stories about things that were misrepresented the machine does this and then it doesn't do that again I don't want to litigate the case but was there any experience you had where Elizabeth stretched the truth where she was kind of pushing the boundaries where the imagination in her mind maybe became the reality That's a good question. Where the imagination became the reality.

4. 15:21

   Liz is somebody who like so deeply believes and until you've met somebody like her it's really hard to understand what that's like. But I think a lot of the things that are kind of most litigated in the press at least and most described, this is not like the machinations of a woman, of a single person. This was hundreds of employees working tirelessly for 16 years to solve a really difficult problem. So, you know, one of the things that I think has been largely described as a fraudulent behavior was missing revenue numbers, right? She missed her revenue numbers, she should have known that that was going to come.

5. 15:59

   And if you look at where that comes from, just a brief bit of the case, they had contractual obligations with Walgreens to pay them that amount of money. And then when bad press came out, then they defaulted on those obligations, and then the business didn't fulfill those revenue obligations, so then they missed it by a large number. But it wasn't like a made-up number. This was a number that was obligated to be paid by the company that they had a contract.

6. 16:25

   Number of Walgreens stores. It was like 800 Walgreens stores, a million dollars store. And Walgreens had done this contract to do that. And Walgreens stopped doing that after the Carrie U article came out. That's right. You guys then start going through this process of preparing for the trial. Is that when you got pregnant?