Salomon Brothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York City. It was one of the five largest investment banking enterprises in the United States[2] and a very profitable firm on Wall Street during the 1980s and 1990s. Its CEO and chairman at that time, John Gutfreund, was nicknamed "the King of Wall Street".[3][4][5][6]
Salomon Brothers served many of the largest corporations in America. It was a leading underwriter of corporate bonds and one of the top firms in futures and options (known as "derivatives") and in securitization in a range of asset classes including commercial real estate securities.[7]
The bank was famed for its "cutthroat corporate culture that rewarded risk-taking with massive bonuses, punishing poor results with a swift boot."[8] In Michael Lewis' 1989 book Liar's Poker, the insider descriptions of life at Salomon gave way to the popular view of banking in the 1980s and 1990s as a money-focused and work-intensive environment.[9] It was acquired by Travelers Group in 1997, which in turn became part of Citigroup the next year.
In February 2022, it was announced that the Salomon Brothers brand will be revived by a group of former employees and execs and operate as full-service investment bank again.[10][11]
^ abcdTravelers Group SEC Form 8-K Filing September 2007
^Collins, Denis (1992). Lewis, Michael (ed.). "An Ethical Analysis of Organizational Power at Salomon Brothers". Business Ethics Quarterly. 2 (3): 367–377. doi:10.2307/3857539. ISSN 1052-150X. JSTOR 3857539. S2CID 53527583.
^Tablang, Kristin. "'King of Wall Street' John Gutfreund's $120 Million Fifth Avenue Duplex Crowned New York's Priciest Home Listing". Forbes. Retrieved 2021-06-21.
^Fox, Emily Jane (9 March 2016). ""King of Wall Street" John Gutfreund Dies at 86". Vanity Fair. Retrieved 2021-06-21.
^Kandell, Jonathan (2016-03-10). "John Gutfreund, 86, Dies; Ran Wall Street Investment Firm at Its Apex". The New York Times. ISSN 0362-4331. Retrieved 2021-06-21.
^Geisst (2001-03-08). The Last Partnerships: Inside the Great Wall Street Dynasties. McGraw Hill Professional. ISBN 978-0-07-136999-2.
^Chen, Full Bio Follow Linkedin Follow Twitter James; CMT; Investing, Is the Former Director of; trader, trading content at Investopedia He is an expert; Adviser, Investment; Chen, global market strategist Learn about our editorial policies James. "Salomon Brothers". Investopedia. Retrieved 2021-06-21. {{cite web}}: |first1= has generic name (help)
^Gross, Daniel (2008-09-25). "The end of the BSD". Slate Magazine. Retrieved 2021-06-21.
^"Salomon Brothers alumni are reviving the swashbuckling bank made famous by 'Liar's Poker'". Fortune. 2022-02-07. Retrieved 2022-03-04.
^"Salomon Brothers Alumni Tap Storied Firm's Legacy in Revival". bloomberg.com. 2022-02-06. Retrieved 2022-03-04.
SalomonBrothers, Inc., was an American multinational bulge bracket investment bank headquartered in New York City. It was one of the five largest investment...
Jewish family in New York City, the son of Percy Salomon who co-founded SalomonBrothers with his brothers, Arthur and Herbert. William joined the firm aged...
moved to New York City, where he worked as a bond trader at SalomonBrothers. At Salomon, Meriwether rose to become the head of the domestic fixed income...
pioneering role in their emergence in the 1970s, during his tenure in SalomonBrothers, where he reached the position of Vice Chairman. Although he was named...
Look up Salomon in Wiktionary, the free dictionary. Salomon may refer to: Salomon (given name) Salomon (surname) SalomonBrothers, a former investment...
He was the CEO of SalomonBrothers Inc, an investment bank that gained prominence in the 1980s. Gutfreund turned SalomonBrothers from a private partnership...
the US, and worked for SalomonBrothers and later JP Morgan. In 1984, Ian Hannam joined SalomonBrothers. While at SalomonBrothers, Hannam worked managed...
well as Salomon was focused on fixed-income and institutional clients, whereas Smith Barney was strong in equities and retail. SalomonBrothers absorbed...
Business School. He began his career at the securities brokerage firm SalomonBrothers before forming his own company in 1981. That company, Bloomberg L.P...
Loeb & Co., to form Lehman Brothers, Kuhn, Loeb Inc., the country's fourth-largest investment bank, behind SalomonBrothers, Goldman Sachs and First Boston...
Goldman Sachs for SalomonBrothers in New York from 1983, where he worked as an international bond sales manager. SalomonBrothers promoted Maughan to...
began a career on Wall Street during the 1980s as a bond salesman at SalomonBrothers. The experience prompted him to write his first book, Liar's Poker...
his J.D. degree from Harvard in 1985. He became an investment banker at Salomon Smith Barney shortly after. In 1989, Cohee and his colleague Terri Williams...
article quoting Richard B. Berner of SalomonBrothers. The phrase was popularized and reformulated by SalomonBrothers' chief equity strategist David Shulman...
acquired SalomonBrothers, creating Phibro-Salomon Inc. Phibro Energy, Inc. was established in 1984, absorbing the oil department of Philipp Brothers. In 1986...
the investment banks SalomonBrothers and First Boston for the U.S. mortgage liquidity provider Freddie Mac. The SalomonBrothers team was led by Lewis...
leveraged hedge fund that collapsed in 1998, and a managing director at SalomonBrothers. Other positions Scholes held include the Edward Eagle Brown Professor...
the University of Notre Dame. Maheras joined the high-yield desk at SalomonBrothers in 1984, shortly after graduating from Notre Dame. He ran the desk...
three brothers, Charles Eberhard Salomon, Frederich Salomon, and Herman Salomon, all of whom were involved in the American Civil War. Salomon'sbrothers, Frederick...
needed] He left Goldman Sachs at the end of 1988 to take a position at SalomonBrothers Inc. as head of Adjustable Rate Mortgage Research in the Bond Portfolio...
equity players of the day, including Morgan Stanley, Goldman Sachs, SalomonBrothers, First Boston, Wasserstein Perella & Co., Forstmann Little, Shearson...
Global Information
US$9.046 billion (1996)[1]