John Gutfreund, Salomon’s Leader in 1980s, Dies at 86 (2)

Moderator: moderators
rank: 10000+ posts
rank: 10000+ posts
Posts: 11562
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 2
Gender: None specified

John Gutfreund, Salomon’s Leader in 1980s, Dies at 86 (2)

Postby » Wed Mar 09, 2016 1:35 am

John Gutfreund, who was proclaimed the “King of Wall Street” in 1985 for harnessing the egos and fiefdoms of Salomon Brothers into one of the most profitable investment-banking firms, only to be deposed after a 1991 trading scandal, has died. He was 86.

He died Wednesday at New York Presbyterian/Weill Cornell Medical Center in New York, his son, John Gutfreund, said in a telephone interview. The cause was pneumonia.

As managing partner and later as chairman, Gutfreund (pronounced GOOD-friend) transformed Salomon from a traditional bond-trading firm into a pioneer in businesses such as mortgage-backed securities, under Lewis Ranieri, and computer-driven trading ... (read more)

Please add to your ad blocker white list.
Thank you for your support.

Return to “news”