Terren Scott Peizer, is an investor and company executive. He is the

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especiall ...

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 by ...

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 Cre ...

, and as a bond salesman at

Drexel Burnham Lambert Drexel Burnham Lambert was an American multinational investment bank that was forced into bankruptcy in 1990 due to its involvement in illegal activities in the junk bond market, driven by senior executive Michael Milken. At its height, it was ...

Early life and education

Peizer's hometown is Beachwood, Ohio. He attended Beachwood High School. 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 P ...

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 viol ...

hired Peizer as a bond salesman at

in 1985. He was the manager of David M. Solomon'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, 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 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 soft ...

, 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 ''60 Minutes'' is an American television news magazine broadcast on the CBS television network. Debuting in 1968, the program was created by Don Hewitt and Bill Leonard, who chose to set it apart from other news programs by using a unique st ...

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 ''The Galves ...

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