Theranos’ demise show the failings of a CEO + how modern Middle East diplomacy came to be + check out exhibition Token
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WHAT’S NEXT- Theranos is a great case study on how not to run your business: Elizabeth Holmes, founder and CEO of the now-infamous Theranos, was a master of selling her ideas to investors and motivating her employees. But what was meant to be a breakthrough in blood testing ended up being a smoke and mirrors sales act that eventually led to the company’s demise and an ongoing trial that could land her in jail for up to 20 years. The 2019 documentary, The Inventor, delves into the story, talking to a number of the important stakeholders in the case including whistleblowers Erika Cheung and Tyler Shultz who chose to remain true to the data and science and finally spoke up about the deception taking place. The truth was that Holmes failed to tie her dreams to a semblance of reality by never setting up successful engineering or research and development teams. She herself never truly fully understood the product she was selling, Schultz admits.
The lesson for business owners here: Chasing that next round of investment is fine but doing so at any cost is probably going to end in tears. The Theranos playbook of recruiting an army of investors without having a viable product to back it up is unlikely to work. Just ask Elizabeth. You can watch The Inventor on OSN Streaming.
⚽ Egypt smashed Sudan 5-0 yesterday in the Fifa Arab Cup: The victory almost guarantees the Pharaohs a place in the next round, taking us joint top of Group D after taking three points from both the opening games. We’re level on points and goal difference with Algeria, who we meet on Tuesday in a match that could decide who will top the group.
Premier League: There’s a flurry of matches at 4pm today: Man Utd kick off the Ralf Rangnick era at home to Crystal Palace, Leeds United will play Brentford, while Antonio Conte’s Spurs will be looking to make it three wins in three when they take on relegation fodder Norwich City. In the late kick-off, Aston Villa and Leicester City play at 6:30pm.
Serie A has one game tonight: Juventus play Genoa at 9:45pm.
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Recently-opened Oke is all about Asian comfort food: New in Sheikh Zayed’s Arkan Plaza, Oke brings all your favorite pan-Asian foods under one roof to create high-quality, creative dishes that use fresh ingredients and seafood. You’ll know you’re in for something good once you order any of their appetizers such as their beef spring rolls, citrus miso honey shrimp, or salmon carpaccio. From there, there are so many different routes your meal can take. You could opt for their sushi rolls, featuring all your favorites from Philadelphia to California and some special nigiri that includes one of our favorite seafood: scallops. Oke also serves a number of Asian dishes such as fried rice and teriyaki beef. If you’re on the go, grab yourself a poke bowl. Finally, don’t leave without trying their giant fortune cookie filled with dark and white chocolate mousse.
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The Kodak Passageway is hosting an exhibition by Aya Tarek titled Token which explores “our obsession with consumption and its effect on the Egyptian societal ideals that dominate our virtual and non-virtual realities.”
Zamalek Cinema has a special screening of Beyond The Raging Sea on Tuesday at 7pm. The film follows two Egyptian athletes, Omar Nour and Omar Samra, as they attempt to cross the Atlantic, taking the perilous path that 66 mn displaced individuals took in a desperate bid for safe refuge.
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How Kissinger won the Middle East: In Master of the Game, long-time US Middle East diplomat Martin Indyk explores the art of machiavellian diplomacy as practiced by Henry Kissinger during his attempts to convince the Arab world to accept Israel’s existence while outflanking the Soviets in the region. Based on fresh documents, interviews with Kissinger, and the author’s own experiences with the key figures involved, the book is both “a painstaking history” of the Cold War in the 1970s Middle East and a “deeper reflection on Kissinger’s diplomatic philosophy,” the FT says.