Sheldon Lavin- How he joined OSI Group

Sheldon Lavin is the Chairman and CEO of the OSI Group. This is a company that has been in the business sector for the past one century. It is one of the companies in the United States that can attest to having a solid history of growth. As it was starting, it was just a butcher shop, but over the years, it became a top company that is now supplying food products to almost every continent. Sheldon Lavin is the longest serving executive in this company; he has been part of the leadership of this company since the 1970s when he was given a role as the investment adviser of the company.

Sheldon was working as an investment banking manager before he got a deal to join OSI Group which was then known as Otto & Sons. At the time, it was a family owned business being managed by the two sons of its founder. As a banking manager, Sheldon was given the task of facilitating the financing of the company. The company at the time had plans of growing its operations to more places on the globe. When the bank he was working with proposed that he takes up a position as one of the owners of the company, he first declined and decided to be only a consultant as the company moved its operations outside the United States.

In 1975, OSI Group was seeking funds in order to move to the international market. At this point, he would not avoid taking the offer as it was too good. He joined the two sons of the founder as an equal partner. In the same year, they renamed the company to OSI Industries.

When Sheldon Lavin was joining this company, it had one main client in the name of McDonald’s. McDonald’s had placed so much pressure on Otto & Sons to meet the demand that they were getting. It got to a point where McDonald’s moved into the international market and needed OSI Industries to follow suit. It is at this point the asked Sheldon Lavin to show full commitment to the food business and lead OSI Group. Sheldon Lavin was made the Chairman and CEO of OSI Group as a result.

Laidlaw and Company: Where The Slime Live

The ongoing lawsuit that Relmada Therapeutics has filed against Laidlaw and Company is back in the news as Relmada has amended the suit to include accusations that the investment bank divulged financial information of Relmada’s while doing business for the drug company.

Relmada had previously filed a suit against the company for disseminating proxy materials that were false and misleading. After the amendment, Relmada sent a letter to stockholders to explain what they were doing was in the best interest of both the company and the shareholders.

Anybody familiar with the world of investment banking should not be surprised at the accusations being leveled against Laidlaw and its two principals, Matthew Eitner and James Ahern. They have the reputation of being some of the biggest crooks around, and from what I have heard, it is well-deserved.

They are well known to grind their employees down while compensating them very little in return for their shark-like mentality. Reading about them on employee review sites, it seems they are encouraged to mislead clients about financial dealings all in the interest of scraping up that last dollar. As my grandfather used to say, “They would steal the coins off of a dead man’s eyes.”

Original Source:

https://www.thestreet.com/story/13394818/1/us-federal-court-issues-temporary-restraining-order-against-laidlaw-company-and-its-principals-matthew-eitner-and-james-ahern.html