It seems that the recollection of conflict never fades from the minds of American and British companies. Now, a US Federal Court has issued a restraining order on Matthew Eitner and James Ahern for their controversial decision to buy out a former client, the American pharmaceutical company, Relmada Inc. Eitner and Ahern are the CEO’s of a large British investment firm, Laidlaw & Company.
Glassdoor gives us some background information on Laidlaw & Company. Laidlaw has a lot of negative reviews on Glassdoor from disgruntled former employees. A former financial consultant for Laidlaw observes, “Chop shop, work 12 hrs a day for almost no pay.” The consultant also complains about how they have to spend a very long time on the phone. The overall rating that Glassdoor gives for Laidlaw is a 3 out of 5, with many employees citing poor pay and bad working conditions for the low rating.
Relmada, the company that sued Laidlaw after Laidlaw attempted to buy them out, is angry at the poor business practices that seem to be a part of Laidlaw’s culture. They began the lawsuit after formerly using Laidlaw as their investment banker. Today, Relmada has been resisting the activities of Laidlaw.