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At Billy Salomon's invitation, the young Gutfreund joined Salomon Brothers as a trainee in the statistical department. [8] After several months, Gutfreund became a clerk in the municipal bond department, eventually becoming a trader.
Mar 10, 2016 · As chairman from 1981, Gutfreund oversaw a culture where traders came to work each day “ready to bite the ass off a bear”, according to Michael Lewis, a former Salomon junior.
Mar 10, 2016 · Mr. Gutfreund transformed Salomon Brothers into one of the world’s largest securities traders, but left the industry in disgrace.
- Jonathan Kandell
Mar 10, 2016 · As managing partner and later as chairman, Mr. Gutfreund (pronounced GOOD-friend) helped transform Salomon from a traditional bond-trading firm into a leader in businesses such as mortgage-backed...
Mar 10, 2016 · Gutfreund took Salomon Brothers public and earned $40 million personally, according to Liar's Poker. He was forced out in 1991 due to a Treasury bond trading scandal.
Mar 10, 2016 · John Gutfreund, the former chairman of Salomon Brothers who died on Wednesday, was a pivotal figure in Wall Street history. He oversaw the creation of mortgage-backed securities, ran a firm...
The former bond trader became the "King of Wall Street" but was felled by scandal.
