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<< << 324 0 obj /S /LI 149 0 R null null null 150 0 R null null null 151 0 R null /S /P /K 260 0 R The national average salary for a Theranos employee in the United States is $44,094 per year. >> /Resources 488 0 R
Theranos Company Profile - Office Locations, Competitors, Revenue 166 0 obj 253 0 obj /K 14 3 min read. % /MediaBox [0 0 612 792] /P 55 0 R endobj 5 [null null 137 0 R null null null 138 0 R null null null /P 50 0 R 46 0 obj 301 0 obj << /Pg 235 0 R %PDF-1.5 << /K 6 /Type /MCR /S /LI 195 0 obj Many of those statements were outright falsehoods or, more charitably, danced around the truth. /Pg 250 0 R << /K 15 /Lang (EN-US) /Lang (EN-US) /K 126 0 R The next witness was Erika Cheung, who was hired by Theranos out of undergrad as a lab associate. This office, along with our other law enforcement partners in the Bay Area, will vigorously investigate and prosecute those who do not play by the rules that make Silicon Valley work. /Pg 243 0 R /S /P /Lang (EN-US) >> /Pg 241 0 R >> 168 0 obj /Lang (EN-US) 260 0 obj 4 [null null 131 0 R null null null 132 0 R null null null >> 11 [null null 169 0 R null null null 170 0 R null null null /K 166 0 R << << /Pg 235 0 R /Pg 258 0 R >> << Theranos may also be known as or be related to Theranos, Theranos Inc, Theranos Inc. and Theranos, Inc. We calculated the diversity score of companies by measuring multiple factors, including the ethnic background, gender identity, and language skills of their workforce. endobj << << /Pg 239 0 R 96 0 obj null] Founded in 2003, Theranos is an established company that loves to hire graduates from Pima Medical Institute, with 15.9% of its employees having attended Pima Medical Institute. << >> Todays indictment alleges that through their company, Theranos, CEO Elizabeth Holmes and COO Sunny Balwani not only defrauded investors, but also consumers who trusted and relied upon their allegedly-revolutionary blood-testing technology., This indictment alleges a corporate conspiracy to defraud financial investors, said Special Agent in Charge Bennett. >> Palantir has . Peter DaSilva/Reuters. 5 0 obj << /S /LI /Resources 412 0 R >> /P 380 0 R /RoleMap 7 0 R << >> 97 0 obj /Pg 244 0 R /P 8 0 R 312 0 obj null 233 0 R null null null 234 0 R null null 64 0 R 65 0 R /Pg 243 0 R /SourceModified (D:20180314151216) /Annots [] 110 0 obj /K 22 >> As years went by, whenever employees or experts raised warnings . >> /Pg 247 0 R << /K 26 /Pg 249 0 R 51 0 obj Theranos was a private health care company, with a mission to revolutionize lab testing through innovative methods for drawing blood, testing blood, and interpreting resulting patient data. >> endobj /MCID 2 /Pg 256 0 R /P 380 0 R >> /Lang (EN-US) endobj /S /LBody /Contents [413 0 R 414 0 R 415 0 R] endobj /P 40 0 R /K 8 /Lang (EN-US)
Theranos CEO Elizabeth Holmes needs to grow up, and fast /S /LI /Type /Page /S /LBody endobj /K 15 129 0 obj Zippia gives an in-depth look into the details of Theranos, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Theranos. /Pg 248 0 R /Lang (EN-US) endobj /BBox [79.9440002441 274.9559936523 453.9599914551 398.8439941406]
How did Elizabeth Holmes come up with the name "Theranos"? - Quora 21 0 obj /Strikeout /Span endobj
Theranos' Bad Blood - Ethics Unwrapped /K 147 0 R << >> /Lang (EN-US) >> endobj /Pages 5 0 R >>
Northern District of California | Theranos Founder and Former Chief /Pg 242 0 R >> /S /L We connect the world's decision makers to accurate information on the financial markets and help them make faster, smarter decisions. endobj /S /LBody 386 0 obj << /S /P /P 8 0 R 74 0 obj >> Answer (1 of 7): In 2003, Elizabeth Holmes, then a sophomore studying chemical engineering at Stanford, founded a company called Real-Time Cures. /K 138 0 R endobj << 7 0 obj 217 0 R null null null 218 0 R null null null 219 0 R null /Length 502 0 R << Theranos founder Elizabeth Holmes "lied and cheated" for money and fame, prosecutors alleged on the first day of the former Silicon Valley star's trial. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Cond Nast. /P 8 0 R 278 0 obj /Lang (EN-US) endobj /P 337 0 R /S /P endobj 57 0 R 58 0 R null null 223 0 R null null null 224 0 R null /P 273 0 R endobj /K 14 /K 24 The engrossing optimism that this may have generated in its founder, Elizabeth Holmes, and other champions of the companys vision is understandable. 242 0 obj But in February, the pair had a number of charges dropped, excluding wire fraud. /S /LI 379 0 obj /K 3 >> /P 302 0 R /Lang (DE-DE) /MCID 2 /P 50 0 R >> /K 17 /MediaBox [0 0 612 792] /K 28 374 0 obj /P 303 0 R endobj /Pg 235 0 R >> >> /Lang (EN-US) 83 0 obj 55 0 obj The parable of Elizabeth Holmes and her company, Theranos, is not an unfamiliar one. >> /P 50 0 R 199 0 obj 220 0 obj 291 0 obj 267 0 obj /Rotate 0 endobj /Lang (EN-US) /Lang (EN-US) Subscribe to our channelhttp. /S /LI endobj Several months later, with encouragement from her professor, Channing Robertson, Holmes quit Stanford. 272 0 obj /Type /Page /Pg 235 0 R /Resources 444 0 R << endobj /P 50 0 R For example, with respect to investors, defendants performed technology demonstrations during which defendants intended to cause potential investors to believe blood tests were being conducted on Theranoss proprietary analyzer when, in fact, the analyzer really was running a null protocol and was not testing the potential investors blood. endobj By 2017, scientific and medical and technical boards were established. >>
Theranos drained $96 million from an experienced investor plus some /K 14 /Lang (EN-US) endobj /Pg 235 0 R Government inspectors who arrived at Theranos in response to Cheungs letter found conditions similar to those in the complaint. /S /LI /S /P /P 42 0 R /MediaBox [0 0 612 792] /Pg 245 0 R /P 282 0 R endobj endobj 295 0 obj /Pg 255 0 R /Pg 240 0 R >> /S /LI >> /ModDate (D:20180314090210-07'00') /Pg 256 0 R >> null null 136 0 R null null null 137 0 R null null] /P 320 0 R 254 0 obj /P 59 0 R "I was taken with the idea . << Holmes dropped out of Stanford University at 19 to found Theranos in 2003. >> >> /S /LI stream
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PDF 1 JINA L. CHOI (NY Bar No. 2699718) ERIN E. SCHNEIDER (Cal. Bar - SEC /Kids [240 0 R 241 0 R 242 0 R 243 0 R 244 0 R] >> /P 50 0 R << endobj /S /LBody 376 0 obj /P 8 0 R /K 213 0 R >> endobj /S /P /P 380 0 R endobj endobj /S /LBody 86 0 obj /S /LI 178 0 obj /S /LI /Type /MCR endobj /Pg 241 0 R Investors large and small from around the world are attracted to Silicon Valley by its track record, its talent, and its promise.
Elizabeth Holmes finishes testifying in Theranos trial - The Washington >> >> >> /Tabs /S endobj /MediaBox [0 0 612 792] /Annotation /Span /K 6 Theranos gambit may have extended over time precisely because all four biases played a role in the making of a dream that was never fully tested against the constraints of reality. /K 4 /StructParents 4 4 0 obj /S /L /K 159 0 R The indictment charges each defendant with two counts of conspiracy to commit wire fraud, in violation of 18 U.S.C. /K 14 /S /LI /Lang (EN-US) /Pg 256 0 R 266 0 obj >> /S /LI /Lang (EN-US) Competitors of Theranos include Bloomberg, Morgan Stanley, and National Journal. endobj >> endobj 328 0 obj endobj >> >> << However, any sentence following conviction would be imposed by the court after consideration of the U.S. 384 0 obj 212 0 obj 308 0 obj The conduct alleged in these charges erodes public trust in the safety and effectiveness of medical products, including diagnostics. /K 192 0 R /P 48 0 R /Lang (EN-US) endobj >> endobj 395 0 obj /Contents [409 0 R 410 0 R 411 0 R] << >> /K 14 Holmes fostered a culture of fear because it served her needs. /Lang (EN-US) The Theranos scandal has dominated headlines, and both fascinated and appalled readers worldwide, since John Carreyrou's shattering report first broke in 2015. /Lang (EN-US) /Rotate 0 /Pg 238 0 R /S /LBody /S /P /S /LI Assistant U.S. /K 121 0 R When Yam was working with an analytics firm to price stock options, she asked Holmes for some key financial forecasts, including projected revenue, because the CEO had the best information. During that process, Yam had emailed Holmes asking her how much revenue she was anticipating. 88 0 obj /Superscript /Span /K 10 /P 42 0 R /Pg 256 0 R
Mission statement examples: 16 of the best to inspire you << /S /LBody /K 127 0 R << Holmes rocketed to Silicon Valley stardom nearly a decade ago when she started speaking publicly about Theranos's vision a small . /Lang (EN-US) /Lang (EN-US) /P 301 0 R flagrantly vague and often outright untruthful statements. /MCID 2 such statements undermine confidence . /Lang (EN-US) It involves a dream, a mission, a plan, a vision and quite possibly monumental corruption. endobj endobj /StructParents 1 Theranos representeda potential disruptor to costly and quasi-monopolistic healthcare players that would help people get the right cure at the right time. /P 370 0 R /K 9 /K 27 /P 263 0 R endobj >> /Nums [0 [15 0 R 16 0 R 17 0 R 18 0 R 19 0 R 20 0 R 21 0 R 22 0 R 23 0 R 94 0 R << /CreationDate (D:20180314084127-07'00') /S /P /P 8 0 R /K 9 >> /P 328 0 R << >> The company grew to become a business worth billions. >> /K 6 /S /LI 179 0 obj >>
Prosecutors Call Theranos Ex-CEO Elizabeth Holmes A Liar And A Cheat As Holmes, 34, of Los Altos Hills, Calif., founded Theranos in 2003. /Pg 235 0 R 358 0 obj /P 348 0 R /P 339 0 R 235 0 obj 339 0 obj /S /P /Lang (EN-US) >> endobj /K 16 << /S /LI 9 0 obj /Pg 238 0 R /Contents [441 0 R 442 0 R 443 0 R] At the time, Holmes, 39,was a mother of a 1-year-old son and pregnant with another child. /K 169 0 R
PDF Theranos and Startup Culture: Vision or Fraud? - Berkeley Law /Lang (EN-US) /S /LI Four years after the top two Theranos executives, Elizabeth Holmes and Ramesh "Sunny" Balwani, were first indicted together on a dozen federal fraud charges stemming from their time . Theranos's mission statement is "To facilitate the early detection and prevention of disease and empower people everywhere to live their best possible lives.". What we know for certain is that behind this particular corporate failure lies a cautionary tale of boundless visioning that all investors, entrepreneurs and organizations seeking breakthrough innovations should be interested in further understanding. /StructParents 20 << /Lang (EN-US) >> /K 6 1. << /K 122 0 R Adobe PDF Library 15.0; modified using iText 2.1.7 by 1T3XT endobj 356 0 obj /Kids [250 0 R 251 0 R 252 0 R 253 0 R 254 0 R 255 0 R 256 0 R 257 0 R 258 0 R] endobj 7 [null null 147 0 R null null null 148 0 R null null null /Lang (EN-US) <<
The rise and fall of Theranos: A timeline - CNN /S /LBody /S /LBody endobj /K 5 /Parent 14 0 R << << /Pg 253 0 R /K 225 0 R Despite persistent losses, Holmes salary increased from $200,000 to $400,000, Yam said. /K 209 0 R /K 10 Pay at Theranos is significantly lower than some of its highest paying competitors, like. << -Theranos is now worth $9 billion dollars; Holmes currently owns about half the company-Forbes named her one of the youngest female self-made billionaire before the age of 30. . /S /LI 115 0 obj /Lang (EN-US) << /S /LI /P 50 0 R /Pg 250 0 R 277 0 obj endobj /K 161 0 R >> endobj 175 0 obj Postal Inspection Service (USPIS) Inspector in Charge Rafael Nuez. /P 8 0 R /Lang (EN-US) 323 0 obj /S /LI /Lang (EN-US) 165 0 obj /Lang (EN-US) /Resources 428 0 R << /Type /MCR endobj /S /LI /Metadata 4 0 R /Lang (EN-US) /S /TD /P 307 0 R 63 0 obj /S /LBody /StructParents 14 /P 372 0 R << 363 0 obj endobj 198 0 obj << /S /LBody endobj /S /LI 107 0 obj endobj /Pg 257 0 R endobj endobj /P 380 0 R /K 194 0 R /K 215 0 R /Lang (EN-US) endobj /ITXT (2.1.7) << /S /P 307 0 obj Elizabeth Holmes arriving to . << /Lang (EN-US) /S /LBody /P 345 0 R /P 270 0 R /Lang (EN-US) /S /LBody /MCID 2 306 0 obj /Lang (EN-US) 53 0 obj endobj /S /LBody 95 0 R 96 0 R 97 0 R 98 0 R 99 0 R 100 0 R 101 0 R 102 0 R 103 0 R 104 0 R >> endobj /S /LBody endobj /Lang (EN-US) endobj endobj /S /LI /K 22 null null 127 0 R null null 45 0 R null null 128 0 R null /Lang (EN-US) 321 0 obj << Recalls, Market Withdrawals and Safety Alerts, Inspections, Compliance, Enforcement, and Criminal Investigations, June 15, 2018: Theranos Founder and Former Chief Operating Officer Charged in Alleged Wire Fraud Schemes. The United States Postal Inspection Service has a long history of successfully investigating complex fraud cases, said Inspector in Charge Rafael E. Nuez. 310 0 obj /S /LI >> The startup entrepreneurial spirit is selling a vision of a fictional product - a product that does not yet exist. /StructParents 6 >> /Lang (EN-US) null 110 0 R null null null 111 0 R null 112 0 R null 113 0 R The fact that key stakeholders at Safeway remained upbeat despite the arrogant and secretive behaviors of Theranos executives and the lack of any real hard proof associated with many of the claims Theranos was making is extremely revealing. /Lang (EN-US) /Lang (EN-US) endobj /Pg 235 0 R The .gov means its official.Federal government websites often end in .gov or .mil. /P 55 0 R endobj >> endobj Holmes grew up in Houston, Texas and studied chemical engineering at . 248 0 obj /Lang (EN-US) /S /LBody >> /Tabs /S << >> /S /LI /K 9 /S /LI << 189 0 obj Elizabeth Holmes blue eyes and baritone voice, her, albeit incomplete, Stanford credentials and well-crafted life narrative were the perfect exterior to a dream-come-true vision of a better future for millions of people. 16 0 obj << Powered and implemented byFactSet Digital Solutions. /P 8 0 R /S /P /Resources 416 0 R /S /LBody /K 155 0 R 359 0 obj Having a vested interest in what is at stake as is often the case with founders and investors and envisioning the desired end state via inflexible goals may create a condition known as motivated blindness that can paradoxically prevent us from making realistic progress. /P 50 0 R /K 6 /Lang /S /L endobj /K [26 395 0 R] /K 10 endobj stream
/P 293 0 R /K [304 0 R 305 0 R 306 0 R 307 0 R 308 0 R 309 0 R 310 0 R 311 0 R 312 0 R 313 0 R << /K 14 /P 63 0 R << /Outline /Span /K 176 0 R D:20180314151216 This district, led by Silicon Valley, is at the center of modern technological innovation and entrepreneurial spirit; capital investment makes that possible. None of the information on this page has been provided or approved by Theranos. The Seattle-based coffee giant originated in 1971 and has since become ubiquitous around the world. The once-lauded businesswoman ultimately stepped down from the company, which announced in Sept. 2018 it would be closing. And although entrepreneurship is very much about turning an imagined future state into reality, the vast and unchecked gap between Theranos vision and the technological incompetence of its operations was breathtaking. /Pg 247 0 R 3480 /S /LI /S /LI endobj /P 8 0 R >> << >> >> /P 294 0 R endobj endobj 331 0 obj /K 193 0 R /P 51 0 R /S /LI /K 31 /S /LBody /K 232 0 R /Pg 250 0 R /P 50 0 R << endobj >> /MCID 2 endobj 1.
History of Theranos - Case Study Blog: Theranos /K 222 0 R /K 199 0 R >> /S /LI >> /Rotate 0 299 0 obj << endobj >> 1. /K 142 0 R endobj >> 333 0 obj endobj Theranos is ranked #71 on the Best Start-up Companies to Work For in America list. /Pg 236 0 R /K 184 0 R /K 10 >> << << >> << >> endobj 75 0 obj /S /LI endobj >>
<< /K 143 0 R The matter was assigned to the Honorable Lucy H. Koh, U.S. District Judge, for further proceedings. /P 8 0 R 245 0 obj << While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. 71 0 obj >> /Lang (EN-US) /Pg 249 0 R << << endobj << /Placement /Block /P 354 0 R /Pg 235 0 R Theranos is headquartered in Palo Alto, CA. /Pg 253 0 R 104 0 obj Help other job seekers by rating Theranos. /MCID 2 >> /S /P /Annots [] /StructParents 0 34 0 obj << >> /Lang (EN-US) 234 0 obj /P 285 0 R 109 0 obj /K [22 386 0 R] 233 0 obj >> << 70 0 obj 22 0 obj /K 20 endobj
About Columbia | Columbia University in the City of New York << << /Lang (EN-US) /K 2 << << /Lang (EN-US) /Pg 255 0 R 227 0 obj /K [32 382 0 R] << >> endobj /S /P 286 0 obj << /Resources 448 0 R 366 0 obj /S /LBody
Theranos Founder Elizabeth Holmes Found Guilty of Investor Fraud << /Pg 257 0 R << << 173 0 obj /K 6 >> Theranos's mission statement is "Our mission is to make actionable information accessible to everyone at the time it matters". >> She already settled with the Securities and Exchange Commission (SEC) for a $500,000 penalty and 10-year ban on serving as an officer or director of a public company. /Pg 239 0 R << /K 180 0 R << /K 33 /K 160 0 R 33 0 obj /P 8 0 R /StructParents 9 44 0 obj /Lang (EN-US) << 273 0 obj /P 51 0 R
The False Promise of Silicon Valley's Quest to Save the World /Pg 235 0 R << /Pg 256 0 R /P 8 0 R /P 8 0 R /K 134 0 R /K 158 0 R /K [331 0 R 332 0 R 333 0 R 334 0 R 335 0 R 336 0 R 337 0 R 338 0 R 339 0 R 340 0 R /S /L /Lang (EN-US) Special conditions for use statement(s): The Theranos HSV-1 IgG Assay is for prescription use only in accordance with 21 CFR 801.109 4. /S /LI /Kids [235 0 R 236 0 R 237 0 R 238 0 R 239 0 R] WIRED Media Group The company grew to be worth more than $9 billion, employing more than800 employees attracting investors such asLarry Ellison, founder of Oracle; Rupert Murdoch, billionaire media mogul; and the Walton family, who founded Walmart. /S /LBody endobj >> /Pg 245 0 R >> /Pg 257 0 R
Theranos whistleblower toasted Elizabeth Holmes verdict - New York Post /S /LI << endobj 77 0 obj /S /P << >> /Pg 238 0 R /K 1 >> /K 32 /S /LBody endobj /S /P /Underline /Span endobj /S /P >> +1 (202) 442-3507. endobj >> >> /Pg 258 0 R >> /P 381 0 R /P 59 0 R 3553. << >> /K 14 endobj >> /Lang (EN-US) /K 6 /Lang (EN-US) endobj /S /P 364 0 obj
endobj >> /Type /Page The Securities and Exchange Commission today charged Silicon Valley-based private company Theranos Inc., its founder and CEO Elizabeth Holmes, and its former President Ramesh "Sunny" Balwani with raising more than $700 million from investors through an elaborate, years-long fraud in which they exaggerated or made false statements about the company's technology, business, and financial . /P 48 0 R /Type /Page /K 167 0 R << /P 8 0 R /S /LI /Lang (DE-DE) In a reply, Holmes said she was projecting $100 million for 2015, nearly ten times less than what she told investors at one point. /CropBox [0 0 612 792] /Pg 243 0 R 297 0 obj /K 21 endobj 241 0 obj /S /LI >> /S /LBody << /S /LI /K 3 >> /S /LBody << << /P 48 0 R /Lang (EN-US) /Lang (EN-US) 1343. /StructParents 18 A jury will decide whether Ms. Holmes, who founded Theranos and hawked a mission of revolutionizing health care, lied to investors about her company's technology. /K 390 0 R endobj >> 181 0 obj /Lang (EN-US) /K 198 0 R /S /LBody According to the indictment returned yesterday and unsealed today, the charges stem from allegations Holmes and Balwani engaged in a multi-million dollar scheme to defraud investors, and a separate scheme to defraud doctors and patients. >> << >> endobj U.S. Attorneys Office The company's stated mission was to "revolutionize medical laboratory testing," according to the Department of Justice. /P 262 0 R Theranos is a now-defunct healthcare technologystartup founded by disgraced Stanford drop-out Elizabeth Holmes. /K 24 >> . >> Balwani . /P 316 0 R /P 8 0 R /Pg 235 0 R Theranos CEO Elizabeth Holmes on her company and the landscape of U.S. diagnostic-lab industry. 55 0 R 56 0 R 57 0 R 58 0 R 59 0 R 60 0 R 61 0 R 62 0 R 63 0 R 64 0 R >> /Lang (EN-US) Once a strong believer in Theranos' mission, Mattis testified that he eventually realized the Holmes had misled him with empty promises. 180 0 obj 257 0 obj endobj /K [18 385 0 R] 92 0 obj /S /LI /S /P 373 0 obj /P 34 0 R /MediaBox [0 0 612 792] /S /LBody /K 6 The defendants also delivered to doctors and patients blood test results from which critical results were improperly removed. << /K 207 0 R /K 10 endobj null null 121 0 R null null null 122 0 R null null null << /S /LI Sentencing Guidelines and the federal statute governing the imposition of a sentence, 18 U.S.C. /S /P This material may not be published, broadcast, rewritten, or redistributed. /Rotate 0 /S /LBody Prosecutors Call Theranos Ex-CEO Elizabeth Holmes A Liar And A Cheat As Trial Opens Defense lawyers say Holmes believed the company could screen for hundreds of diseases with just a finger prick . << << /Lang (EN-US)
Holmes claimed Theranos could do "more than 1,000 tests"it did 12 /S /P null null 183 0 R null null null 184 0 R null null null << 171 0 obj /Type /MCR /K 34 endobj /Rotate 0 /Lang (EN-US) >> endobj /Lang (EN-US) endobj << /Type /MCR /S /LI /Pg 239 0 R /P 393 0 R >> >> Claiming and updating your company profile on Zippia is free and easy. /K 33 25 0 obj 389 0 obj >> /Pg 245 0 R /Pg 238 0 R /K 22 endobj 138 0 obj 121 0 obj 3 0 obj 172 0 obj 287 0 obj
Theranos founder Elizabeth Holmes charged with massive fraud - CNNMoney << /Pg 244 0 R >> endobj << /P 374 0 R /K 149 0 R /Lang (EN-US) /Pg 252 0 R
Elizabeth Holmes verdict: researchers share lessons for science - Nature /Parent 14 0 R /S /LBody /Pg 239 0 R >> /K [28 394 0 R] /Count 9 /Pg 237 0 R /S /Sect /S /LI /S /L 61 0 obj Washington, DC. << /CropBox [0 0 612 792] /K [10 392 0 R] /S /P /P 48 0 R /K 30 endobj /K 49 endobj During the trial Holmes accused her ex-boyfriend and business partner, Ramesh "Sunny" Balwani, of emotional and sexual abuse at the time of the alleged crimes, impairing her mental state. 123 0 obj << endobj /K 18 << /P 33 0 R The FDA would like to extend our thanks to our federal law enforcement partners for sending a strong message to Theranos executives and others that these types of actions will not be tolerated, said Catherine A. Hermsen, Acting Director, FDA Office of Criminal Investigations. /K 18 <<
Toxic culture: Lessons from Theranos | Eagle Hill Consulting