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]

22 comments (hidden to protect delicate sensibilities)
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Comments (22)

  1. Posted by coolkids | November 16, 2012 at 4:21 PM

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

  2. Posted by guest | November 16, 2012 at 4:23 PM

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

    -you know who

  3. Posted by Billy Zabka | November 16, 2012 at 4:24 PM

    Cosign on getting him a body bag.

  4. Posted by Guest | November 16, 2012 at 4:29 PM

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

    "Jean Paul Gaultier."

  5. Posted by guest | November 16, 2012 at 4:29 PM


  6. Posted by guest | November 16, 2012 at 4:34 PM

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

  7. Posted by omgjustinbieber | November 16, 2012 at 4:36 PM

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

  8. Posted by Guest | November 16, 2012 at 4:38 PM

    A fleece body bag instead of the normal pullover would send a clear message.

  9. Posted by im_new_here | November 16, 2012 at 4:38 PM

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

  10. Posted by Guest | November 16, 2012 at 4:40 PM

    ….think… .think a little harder… will get it………

    -former blond dirt bike gang member

  11. Posted by Guest | November 16, 2012 at 4:41 PM

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

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

  12. Posted by PermaGuestII | November 16, 2012 at 4:52 PM

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

  13. Posted by Guesteeculos | November 16, 2012 at 5:07 PM

    What does this have to do with the CIA?

  14. Posted by PermaGuestII | November 16, 2012 at 5:14 PM

    Deep cover.

  15. Posted by VonSloneker | November 16, 2012 at 5:25 PM

    Roach Motel Portfolio Management…

    – Guy who is mailing it in after a shitty week

  16. Posted by hmjjbe | November 16, 2012 at 5:26 PM

    would be nice to have that kind of job security

    -UBS pencil pusher

  17. Posted by Guest | November 16, 2012 at 5:31 PM

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

    – concerned guest

  18. Posted by sensitive guests | November 16, 2012 at 5:39 PM

    We're listening.

  19. Posted by Guest | November 16, 2012 at 5:44 PM

    killing them= NKI?

  20. Posted by bbetttieee | November 16, 2012 at 5:54 PM

    hilarious! the presenter was counsel -really?

  21. Posted by guests | November 16, 2012 at 5:59 PM

    Sort of the most amazing part of an amazing story.

  22. Posted by Guesteban | November 16, 2012 at 6:20 PM

    But far from the best.

    — Guy who made the Kessel Run in less than 12 parsecs