{ "docId": "019dd923-622c-750b-8b9a-1a3bea94baf9", "docSlug": "c358888161f0", "documentTitle": "Ginkgo Bioworks (DNA)", "authorId": "58_Scorpion_Capital", "authorName": "Scorpion Capital", "documentKindSlug": "activist-deck", "documentKindLabel": "Activist deck", "sourceTypeSlug": "short_seller", "sourceTypeLabel": "Short seller", "presentationDate": "2021-10-06 00:00:00", "orientation": "landscape", "aspectRatio": 1.2941177, "pageNumber": 74, "pageCount": 175, "prevPage": 73, "nextPage": 75, "slideType": "expose_contradiction", "function": "expose_contradiction", "density": "overcrowded", "nDataPoints": 0, "notes": "The slide uses Q&A excerpts to build a narrative of corporate malfeasance.", "elementsJson": [ "paragraph", "quote_block", "footnote" ], "metadataConfidence": 1, "imagePath": null, "slideHref": "/slides/019dd923-622c-750b-8b9a-1a3bea94baf9/74", "deckHref": "/decks/019dd923-622c-750b-8b9a-1a3bea94baf9", "deckJsonHref": "/decks/019dd923-622c-750b-8b9a-1a3bea94baf9.json", "deckAnchorHref": "/decks/019dd923-622c-750b-8b9a-1a3bea94baf9#slide-74", "components": [ { "bbox": null, "kind": "callout", "text": "A former executive involved in a key collaboration left because he was asked to do something that made him uncomfortable; others former employees had similar experiences", "attrs": null, "subkind": null, "toolName": "Visual emphasis", "toolSlug": "visual-emphasis", "confidence": null, "componentId": "019dd953-2b62-723f-b68b-8d042e53373f", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.9, "x": 0.05, "y": 0.25 }, "kind": "paragraph", "text": "A former executive involved in a key collaboration left because he was asked to do something that made him uncomfortable; others former employees had similar experiences", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "8e32e859-d9bd-4ee4-8cbf-c70ca14150cb", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.9, "x": 0.05, "y": 0.65 }, "kind": "paragraph", "text": "Executive wouldn't share details but suggesting it involved inappropriate and “some unethical things” that were in Ginkgo’s interest and to “the detriment” of the related-party “customer”", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "99e185d0-7bf0-46b3-95ae-ac4e5ae4e496", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.08, "w": 0.9, "x": 0.05, "y": 0.82 }, "kind": "paragraph", "text": "Executive knows of others who left for similar reasons: “I know there were several others that left shortly before me and shortly after me. I know some details, but I don't know all. I would guess it was for similar type reasons.” - Former Ginkgo executive", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "ac69598d-074c-4559-9208-64e0206a5b8b", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.05, "w": 0.9, "x": 0.05, "y": 0.48 }, "kind": "paragraph", "text": "Alleges he was terminated because he was trying to act in the best interests of a related-party :customer,”, which was being pressured to round-trip R&D spend to meet “Ginkgo’s revenue expectations” from it", "attrs": null, "subkind": "paragraph", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "de9a4a10-a6e9-4509-811a-44d9976fa917", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.9, "x": 0.05, "y": 0.53 }, "kind": "quote", "text": "Q: “Let's talk about Joyn Bio. It looks like it's co-located with Ginkgo. And Ginkgo's on the board, and they provided the funding. How is this a separate entity?” A: “[Chuckles] Well, it's a good question. That's one of the reasons that I no longer work there is because I was trying to act in Joyn Bio's best interest, and we weren't meeting Ginkgo's revenue expectations.” - Former Ginkgo executive", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "2ab5c61e-3495-4cd7-ba23-5b859f050796", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.3 }, "kind": "quote", "text": "Q: “Was there ever behavior there that you observed by the management team or whatever that made you uncomfortable? Were you ever asked to do something that made you uncomfortable?” A: “Yes, absolutely. That's why I left... I was asked to step in and do something that I wasn't willing to do because it would damage my reputation personally...” - Former Ginkgo executive", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "a1b98588-4c09-4786-9f98-2d4629fd169a", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.1, "w": 0.9, "x": 0.05, "y": 0.7 }, "kind": "quote", "text": "“I really don't want to go into any details on it, but I think you get the gist. They were looking out for their own good, and it was at their benefit and the detriment of the partner... I finally said, 'No, I'm not doing this...It was after collaborations were set up, some unethical things.'” - Former Ginkgo executive", "attrs": null, "subkind": "testimonial", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "b1e70574-7402-455d-a2e7-cd7314db57dd", "frameworkName": null, "frameworkSlug": null }, { "bbox": null, "kind": "quote", "text": "“Yes, absolutely. That's why I left. I'm sure you're speaking to other people, and I'm probably not going to be the first one who said something like this. I mean, especially if others are being honest with you. I don't want to say a specific issue, but I have throughout my career built a high reputation, and I was asked to step in and do something that I wasn't willing to do because it would damage my reputation personally as what I do with the long-term relationships that I've had with colleagues at different companies, and I wasn't going to do that.” — Former Ginkgo executive", "attrs": null, "subkind": null, "toolName": "Authority citation", "toolSlug": "authority-citation", "confidence": null, "componentId": "019dd953-2b62-723f-b68b-92ee25859580", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.02, "w": 0.3, "x": 0.05, "y": 0.95 }, "kind": "source-note", "text": "Source: Scorpion Capital consultation calls with experts", "attrs": null, "subkind": null, "toolName": null, "toolSlug": null, "confidence": null, "componentId": "544440e7-1be3-4f27-a047-ffe521cf4ebf", "frameworkName": null, "frameworkSlug": null }, { "bbox": { "h": 0.15, "w": 0.9, "x": 0.05, "y": 0.08 }, "kind": "title", "text": "A former executive at a key related-party “customer” alleges he was terminated because he resisted Ginkgo’s pressure round-trip R&D spend from the entity; asked to do things that made him uncomfortable; “some unethical things”; alleges others had similar experiences; knows of “several others” at the entity he believes left for similar reasons.", "attrs": null, "subkind": "headline", "toolName": null, "toolSlug": null, "confidence": null, "componentId": "5327482c-2779-4fd4-a64d-fe359c5dab6a", "frameworkName": null, "frameworkSlug": null } ], "metrics": [], "tools": [], "frameworks": [ { "name": "fraud-exposure", "slug": null, "matchId": "afc2418d-07a1-4812-8321-4bd372047c8d", "evidence": "The slide uses expert testimony to allege round-tripping and unethical business practices.", "confidence": 0.9 } ], "arcBeats": [ { "to": 175, "from": 9, "beatId": "ffe290af-3a4f-4e06-8d60-dfbfc07d2e08", "arcName": "Overcoming the Monster", "arcSlug": "overcoming-monster", "beatName": "Expose Contradiction", "beatSlug": null, "evidence": "The deck presents evidence contradicting Ginkgo's claims and highlighting potential wrongdoings.", "position": 1, "confidence": 0.8, "parentBeatName": null, "parentBeatSlug": null } ], "loops": [], "imagePathAlt": null, "thumbSrc": null, "thumbSrcAlt": null, "locked": true }