Publications
Publications
- November 2004 (Revised February 2009)
- HBS Case Collection
Salomon Brothers (A)
By: Lynn S. Paine
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. A rewritten version of an earlier case.
Keywords
Crime and Corruption; Ethics; Leadership; Crisis Management; Reputation; Financial Services Industry
Citation
Paine, Lynn S. "Salomon Brothers (A)." Harvard Business School Case 305-019, November 2004. (Revised February 2009.)