Markets

Michael Lewis famously tore apart Warren Buffett. Here’s what he said, and why he backtracked 17 years later.

Michael Lewis tore into Warren Buffett in a scathing article in 1992. The “Moneyball” author said the billionaire investor “sold his reputation” when he became chairman of Salomon Brothers, the scandal-hit Wall Street bank. Lewis backtracked 17 years later, describing Buffett as “genuinely delightful.” Visit Business Insider’s homepage for more […]
Michael Lewis famously tore apart Warren Buffett. Here’s what he said, and why he backtracked 17 years later.
Markets

Long-Time Secretary Accused Of Stealing From 98-Year-Old Banking Legend William Salomon

[credit provider=”The Mirror” url=”http://www.mirror.co.uk/news/top-stories/2010/12/17/rape-victim-was-jailed-after-attacker-pressurised-her-into-lying-115875-22788854/”] The New York Times’ Peter Lattman reports that the former secretary to William R. Salomon, a former top partner at Salomon Brothers, was arrested and charged earlier this year with allegedly stealing nearly $2 million from the 98-year-old former bank executive. A court filing shows [.PDF] that Karen R. Febles, […]
Long-Time Secretary Accused Of Stealing From 98-Year-Old Banking Legend William Salomon
Markets

How Michael Bloomberg Went From Bond Trader To Billionaire Media Mogul With One Incredible Machine

[credit provider=”AP Images” url=”http://www.apimages.com/OneUp.aspx?st=k&kw=bloomberg&showact=results&sort=creationdatelower%3Aalphabetical&intv=None&sh=10&kwstyle=and&adte=1342471567&pagez=60&cfasstyle=AND&rids=167aaa1edfe2da11af9f0014c2589dfb&dbm=PY2000&page=1&xslt=1&mediatype=Photo”] Michael Bloomberg started his New York City story sweating in his underwear in Salomon Brothers’ vaults.And in a little over 20 years he turned a $10 million severance package from that now defunct bank into a multi-billion dollar company Wall Street can’t live without.
How Michael Bloomberg Went From Bond Trader To Billionaire Media Mogul With One Incredible Machine
Markets

The Spectacular Rise And Fall of Salomon Brothers

[credit provider=”Photoshopped by Business Insider, Photos from Wikimedia Commons and AP” url=”http://www.apimages.com/OneUp.aspx?st=k&kw=salomon%20brothers&showact=results&sort=relevance&intv=None&sh=10&kwstyle=and&adte=1341322420&pagez=60&cfasstyle=AND&rids=c1fc74ce66e5da11af9f0014c2589dfb&dbm=PY2000&page=1&xslt=1&mediatype=Photo”] As we anxiously await the film adaptation of Michael Lewis’ seminal Wall Street book, “Liar’s Poker,” we figured we’d take a few moments to re-familiarise ourselves with the rise and fall of the book’s most infamous subject: Salomon […]
The Spectacular Rise And Fall of Salomon Brothers