O'Donnell spoke about her report on CBS this Morning and previewed an excerpt of the story. A transcript of the excerpt is below.
Tyler Shultz: I had a personal relationship with Elizabeth. She was close to my family. And I felt like she was deceiving my family. And the public.
And almost every media outlet, including us here at CBS, bought into the Theranos myth.
Norah O'Donnell: She's on the cover of magazines. Ink calls her the next Steve Jobs. Do you think the board of Theranos believed she could be also that kind of revolutionary leader?
Tyler Shultz: Yeah. Definitely. The board was completely sold.
Norah O'Donnell: Did your grandfather, George Shultz, think that too?
Tyler Shultz: Definitely. Yeah.
As her wealth and reputation soared, Elizabeth Holmes took on the trappings of power. She bragged bullet-proof windows were installed in her office and she traveled with a full-time security detail. Theranos employees told us they were closely watched and required to sign non-disclosure agreements, all reinforced, they said, by a threatening team of lawyers and private investigators. That's why, when Tyler Shultz alerted authorities in the spring of 2014, he used a fake name.
Norah O'Donnell: Why did you come up with an alias?
Tyler Shultz: I knew how seriously Theranos protected their trade secrets. I knew they would not take it well if they knew that I was talking to regulators.
