Terren Scott Peizer, is an investor and company executive. He is the CEO of Acuitas Group Holdings and Neurmedix. He is also the CEO and chairman of Ontrak. He has held senior executive positions within technology and

biotech Biotechnology is the integration of natural sciences and engineering sciences in order to achieve the application of organisms, cells, parts thereof and molecular analogues for products and services. The term ''biotechnology'' was first used b ...

companies, at Goldman Sachs and

First Boston : ''For the company after its acquisition by Credit Suisse, see Credit Suisse First Boston (known as CSFB and CS First Boston)'' The First Boston Corporation was a New York-based bulge bracket investment bank, founded in 1932 and acquired by Cred ...

, and as a bond salesman at Drexel Burnham Lambert.

Early life and education

Peizer's hometown is Beachwood, Ohio. He attended

Beachwood High School Beachwood High School is a four-year college preparatory public high school located in Beachwood, Ohio, a suburb of Cleveland. It is part of the Beachwood City School District. Recognition Beachwood has earned three U.S. Department of Education B ...

. Peizer graduated from the

Wharton School of the University of Pennsylvania The Wharton School of the University of Pennsylvania ( ; also known as Wharton Business School, the Wharton School, Penn Wharton, and Wharton) is the business school of the University of Pennsylvania, a private Ivy League research university in ...

Career

In 1983, Peizer worked at Goldman Sachs and later worked at

as a salesman.

Michael Milken Michael Robert Milken (born July 4, 1946) is an American financier. He is known for his role in the development of the market for high-yield bonds ("junk bonds"), and his conviction and sentence following a guilty plea on felony charges for vio ...

hired Peizer as a bond salesman at Drexel Burnham Lambert in 1985. He was the manager of

David M. Solomon David Michael Solomon (born c. 1962) is an American investment banker and the chief executive officer (CEO) of Goldman Sachs, a position he has held since October 2018. He has also been chairman of the bank since January 2019. Before assuming h ...

's account with Drexel and given a 3.5 million dollar salary and a $500.000 loan to invest in the partnership. Peizer worked directly under (and at the same desk as) Milken and admired him, sometimes pretending to be him on the phone, and calling him "Dad". When investigations into Milken's illegal activities started, Peizer agreed to provide material evidence to prosecutors in exchange for immunity. In 1989 Peizer purchased the

Omaha Racers The Omaha Racers were an American minor league basketball team based in Omaha, Nebraska. The franchise played in the Continental Basketball Association (CBA) from 1989 to 1997. The team's franchise liage started in 1982 as the Wisconsin Flyers. Th ...

, a minor league basketball team. In 1991 he bought UTI Chemicals Inc. through his company Financial Group Holdings Inc. and stepped down as its chairman in 1994. In 1993 he was elected Chairman at

CMS Enhancements CMS Enhancements Inc. (originally Complete Management Systems) was an American computer company headquartered in Irvine, California. Founded in 1983, the company's main product lines in the 1980s were internal and external hard drives and tape d ...

after acquiring a 36.8% share of the company. From 1997 to 1999, Peizer was president of Hollis-Eden, a pharmaceutical company. In 1999 Peizer raised money for Tera Computer Company, a manufacturer of supercomputers, which allowed them to later buy out

Cray Research Cray Inc., a subsidiary of Hewlett Packard Enterprise, is an American supercomputer manufacturer headquartered in Seattle, Washington. It also manufactures systems for data storage and analytics. Several Cray supercomputer systems are listed ...

and became its chairman and a director. He stepped back down as chairman in 2000 because the company was concerned that he would not obtain a security clearance from the United States Department of Defense by the end of 2000 to transfer Cray's classified business from

Silicon Graphics Silicon Graphics, Inc. (stylized as SiliconGraphics before 1999, later rebranded SGI, historically known as Silicon Graphics Computer Systems or SGCS) was an American high-performance computing manufacturer, producing computer hardware and sof ...

, causing Cray Research to pay a penalty fee to Silicon Graphics. Peizer founded Hythiam Inc., a pharmaceutical company, in 2004. The firm bought the rights to Juan Jose Legarda's addiction treatment pharmaceuticals. 60 Minutes and

The Dallas Morning News ''The Dallas Morning News'' is a daily newspaper serving the Dallas–Fort Worth area of Texas, with an average print circulation of 65,369. It was founded on October 1, 1885 by Alfred Horatio Belo as a satellite publication of the '' Galvest ...

criticized Peizer after the company bypassed clinical studies and government approval when bringing

Prometa Gabasync is an ineffective treatment promoted for methamphetamine addiction, although it had also been claimed to be effective for dependence on alcohol or cocaine. It was marketed as PROMETA. The treatment, based loosely on the research of Span ...

to market. In 2018, Peizer became CEO and director of BioVie, a pharmaceutical company.

References

{{DEFAULTSORT:Peizer, Terren American investment bankers Drexel Burnham Lambert Goldman Sachs people HIV/AIDS researchers Living people People from Beachwood, Ohio 1959 births