Drug Tester Gives Hedge Fund Run For Its Money Re: Talk Of Putting Employees In Body Bags

May 2010, Structured Portfolio Management founder Don Brownstein is said to “walk around [a] crowded conference room table while slapping the palm of his hand with a baseball bat, stopping behind [a trader] while stating, ‘I’ll kill you if you leave. The only way you can leave this firm is in a body bag.'” January 2012, Millenium Laboratories really cranks things up a notch re: suggestion of what fate will befall people who attempt to leave their company:

The company not only is under investigation by the Justice Department for allegations of health care fraud but also for intimidating former employees, one who was portrayed in a slideshow at a company meeting as a corpse in a body bag…The body-bags picture was part of a PowerPoint presentation by Martin Price, the company’s general counsel, the former employees said. He showed it at a national sales meeting in January in which Price described Millennium’s success against its adversaries, according to one grand jury witness, former Millennium employee Jodie Strain. Strain said grand jurors gasped when the body-bag image was projected onto a wall during her testimony October 3. She said the toe tag identified the corpse as Ed Zicari, a former regional manager Millennium was suing. Appel declined to comment on the body bag picture. The United States attorney’s office in Boston also declined to comment.

Other slides that were part of Price’s presentation showed the logos of competing companies being riddled with bullet holes while gunfire sounded as if they were at a shooting range. Strain, a former senior sales representative, said the talk ended with an ominous warning: The company could not protect people who went “outside the Millennium family.”

Exclusive: U.S. drug testing firm probed for alleged fraud, intimidation [Reuters via LaurenTaraLaCapra]

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22 Responses to “Drug Tester Gives Hedge Fund Run For Its Money Re: Talk Of Putting Employees In Body Bags”

  1. coolkids says:

    What drugs do they get people to test? Any good ones?

  2. guest says:

    That presentation is giving me a lot of good ideas for our next SAC retreat.

    -you know who

  3. Billy Zabka says:

    Cosign on getting him a body bag.

  4. Guest says:

    "Martin, where did you get that overnight bag?"

    "Jean Paul Gaultier."

  5. guest says:

    Cut Martin some slack, when his dad Layne offed himself in Mad Men, he left his family's life in a shitpile

  6. omgjustinbieber says:

    Awkward for which is a pharma company also in the Boston area, bought out by Takeda a few years back.

  7. im_new_here says:

    Fredo, you're my older brother, and I love you. But don't ever take sides with anyone against the Family again. Ever.

  8. Guest says:

    Still not the worst operation out there with Millennium in the name.

    –Guy who remembers taking the other side of Millennium Partners trades

  9. PermaGuestII says:

    "I'll take 'people who watch too many movies' for $100, Bob."

  10. VonSloneker says:

    Roach Motel Portfolio Management…

    – Guy who is mailing it in after a shitty week

  11. hmjjbe says:

    would be nice to have that kind of job security

    -UBS pencil pusher

  12. Guest says:

    Q: How do you tell a priori if a small shop (buy or sell side) is filled with lunatics?

    – concerned guest

  13. Guest says:

    killing them= NKI?

  14. bbetttieee says:

    hilarious! the presenter was counsel -really?