Treasury Bond Scandal at Salomon Brothers

(May 1, 1995) Four years out from the Treasury bond scandal at the investment firm Salomon Brothers, Warren Buffett says he’s hopeful for the company’s future.


Lose a Shred and I Will Be Ruthless

(September 4, 1991) Warren Buffett testified about a securities scandal at Salomon Brothers. In it, he coined a quote that he has since repeated numerous times: "Lose money for the firm and I will be understanding. Lose a shred of reputation for the firm, and I will be ruthless."

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