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  • September 1994 (Revised January 2004)
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  • HBS Case Collection

Forging the New Salomon

By: Lynn S. Paine and Michael Santoro
  • Format:Print
  • | Pages:33
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Abstract

Describes Salomon Brothers' recovery from the August 1991 Treasury auction scandal. Details the impact of the firm's disclosure of bidding improprieties and describes how the new management team, led by Warren Buffett and Deryck Maughan, guided the company through the ensuing crisis. The impact of the crisis is followed through the end of 1992.

Keywords

Crisis Management; Ethics; Organizational Culture; Law; Business or Company Management

Citation

Paine, Lynn S., and Michael Santoro. "Forging the New Salomon." Harvard Business School Case 395-046, September 1994. (Revised January 2004.)

About The Author

Lynn S. Paine

General Management
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