Publications
Publications
  • November 2004 (Revised February 2009)
  • Case
  • HBS Case Collection

Salomon Brothers (A)

By: Lynn S. Paine
  • Format:Print
  • | Pages:15
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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. 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.)

About The Author

Lynn S. Paine

General Management
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