negativeInterview2023-08-08conf:high
Warren Buffett I HBO Documentary
“U.S. Treasury Department announced that it had suspended Solomon Brothers from participating in the auction of new issues.”
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Salomon Inc.
$SLM53 mentions across the corpus · positive 2 · negative 37 · neutral 14 · historical 0
negativeInterview2023-08-08conf:high
Warren Buffett I HBO Documentary
“this firm employed 8,000 people, and it was going to go out of business unless they let us continue”
negativeInterview2023-08-08conf:high
Warren Buffett I HBO Documentary
“I was elected interim chairman of Solomon Inc. a few hours ago at a board of directors meeting.”
negativeMeeting2022-05-02conf:high
Afternoon Session - 2022 Meeting
“Charlie found a, he was on the audit committee of Solomon, and we had probably literally millions of contracts where people put numbers in. And he found that $20 million”
negativeMeeting2022-05-02conf:high
Afternoon Session - 2022 Meeting
“There was a run on Solomon and it was a run that the Treasury and the Fed and the SEC did not want to have happened”
negativeInterview2017-01-30conf:high
Charles Munger Interview: The Power of Partnership with Warren Buffett
“we never should have bought into solomon it was too much trouble it was too much danger it was too much involvement”
neutralInterview2017-01-30conf:medium
Carol Loomis Interview: Warren Buffett's Principles and Ethics
“when warren made his investment in solomon um i was one of the people along with many many others who were quite amazed”
negativeInterview2017-01-30conf:high
Carol Loomis Interview: Warren Buffett's Principles and Ethics
“when solomon's problems erupted my memory is that warren first learned about it... the problem at solomon that warren eventually learned about was that a an important employee of solomon's had basical”
negativeInterview2017-01-30conf:high
Carol Loomis Interview: Warren Buffett's Principles and Ethics
“lied to the federal reserve about solomon's accumulation of a certain issue of government bonds and the line to the fed was just not something that was done it was an egregious crime”
neutralInterview2017-01-30conf:high
Carol Loomis Interview: Warren Buffett's Principles and Ethics
“warren if this happened on a friday by saturday he was in new york and by sunday he was appearing before the press as the new acting ceo of solomon”
negativeInterview2017-01-30conf:high
Carol Loomis Interview: Warren Buffett's Principles and Ethics
“that it would destroy solomon and warren thought and he still thinks to this day he does think”
positiveInterview2017-01-30conf:medium
Sandy Gottesman Interview: A Friendship in Finance with Warren Buffett
“Salomon was a pretty good franchise at the time. I mean, they were top trader...very aggressive, successful firm”
neutralInterview2017-01-30conf:medium
Sandy Gottesman Interview: A Friendship in Finance with Warren Buffett
“in those days, Salomon was a very, very cheap stock. It was selling for much less than its value”
negativeInterview2017-01-30conf:high
Carol Loomis Interview: Warren Buffett's Principles and Ethics
“he was not going to stay around to run it if it became bankrupt... although its stock was wrecked at that point it had to come back from that”
negativeInterview2017-01-30conf:medium
Sandy Gottesman Interview: A Friendship in Finance with Warren Buffett
“when the thing exploded, Warren had 24 hours or less to make up his mind as whether he was going to go forward or just bow out. And I think at that point, Salomon Brothers could have gone into bankrup”
neutralInterview2017-01-30conf:medium
Carol Loomis Interview: Warren Buffett's Principles and Ethics
“acting ceo of solomon i was at that press conference”
negativeInterview2017-01-30conf:medium
Sandy Gottesman Interview: A Friendship in Finance with Warren Buffett
“There was an element of fraud involved in this this man at Solomon Brothers who had broken the law of the Federal Reserve”
neutralInterview2017-01-30conf:high
Carol Loomis Interview: Warren Buffett's Principles and Ethics
“if he took over at solomon first of all he hoped it would be temporary um and he would be taking no money from solomon”
negativeInterview2017-01-30conf:high
Carol Loomis Interview: Warren Buffett's Principles and Ethics
“a severe shock like solomon going down and on that sunday when all of this was being debated is what would happen”
neutralInterview2014-05-05conf:high
We'll never want to "go to war" with Coca-Cola | May 5, 2014
“we bought $700 million worth of Solomon Preferred in 1987. It was a big investment for Berkshire. Charlie and I were put on the board.”
negativeMeeting2013-05-04conf:high
Afternoon Session - 2013 Meeting
“I became the interim chairman of CEO of Solomon in 1991... they said, Warren, you probably should know that we have this item... this is a plug number. And we've been plugging it ever since Fibro merg”
negativeEssay2008conf:medium
Wesco 2008 Annual Meeting — Notes of Charlie Munger's Remarks (Peter Boodell)
“When I was at Salomon, I was on the audit committee. A group came and said that we want to change our accounting”
negativeBook2005conf:high
“I saw that psychological principle totally blown at Salomon. Salomon's general counsel knew that the CEO, Gutfreund, should have promptly told the federal authorities all about Salomon's trading impro”
negativeMeeting2004-05-01conf:medium
Morning Session - 2004 Meeting
“We had the same experience at Solomon... there is a situation with Solomon, and there's these 1.2 trillion of derivative contracts”
negativeMeeting2004-05-01conf:high
Afternoon Session - 2004 Meeting
“if Solomon had gone bankrupt, the next day you would have had people on the other side of $1.2 trillion of notional amount of something like that, of derivatives”
neutralMeeting2001-04-28conf:medium
Afternoon Session - 2001 Meeting
“I took another job at Solomon, and things went fine at Berkshire...for nine months and four days in 1991, you know, Solomon was primarily on my mind”
negativeMeeting1995-05-01conf:high
Morning Session - 1995 Meeting
“It started out as a good investment. You've got a good return on it or your interest. And it's clearly had some problems. And we have gotten in deeper and deeper as those problems have continued.”
neutralLetter1995conf:high
1995 Berkshire Hathaway Shareholder Letter
“Salomon Inc .................... 9% 1987 700 728”
negativeLetter1995conf:medium
1995 Berkshire Hathaway Shareholder Letter
“Our other two preferreds have been disappointing, though the Salomon preferred has modestly outperformed the fixed-income securities for which it was a substitute.”
negativeLetter1995conf:high
1995 Berkshire Hathaway Shareholder Letter
“our option to convert into Salomon common has not proven of value. Furthermore, the Dow Industrials have doubled since I committed to buy the preferred, and the brokerage group has performed equally a”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“illegal activity in the government securities market by senior officials of Solomon Brothers Incorporated”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“It's distressing that Solomon Brothers' chief officers withheld the information from the government for months before a government inquiry finally persuaded them to come forward”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“the Solomon Brothers case and by those of us in Congress seeking both to prevent any such recurrence and to improve the fundamental fairness and integrity of this market”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“holding today's hearing on what has been appropriately referred to as a Solomon Brothers case”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“involving arcane trading practices of one of Wall Street's most prestigious firms. But stripped of all of the language of Wall Street's bond traders, what the public”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“are the American people who ultimately are responsible for paying off these government securities being ripped off by a few aggressive traders manipulating the market. In effect, was Solomon Brothers'”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“illegally enrich the company and perhaps also determine in advance interest rates that affect other securities. And why didn't those at the top of Solomon Brothers reported as soon as they found it ou”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“market integrity has been severely threatened by behavior which we have seen at Salomon”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“Warren is here because he has a responsibility of reforming Solomon Brothers for the future and protecting the well-being of the 8,000 employees”
neutralLetter1991conf:medium
1991 Berkshire Hathaway Shareholder Letter
“Salomon 700,000(2) 714,000(1)”
positiveLetter1991conf:high
1991 Berkshire Hathaway Shareholder Letter
“Charlie and I believe our Salomon preferred stock increased slightly in value during 1991. Lower interest rates and a higher price for Salomon's common produced this result.”
neutralLetter1991conf:high
1991 Berkshire Hathaway Shareholder Letter
“the need for me to involve myself personally and intensely in the Salomon situation. As I write this letter, I am also writing a letter for inclusion in Salomon's annual report”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“Did the Board of Directors of Solomon Brothers approve Golden Parachutes for Mr. Gut Friend Strauss or Meriwether? No, sir, they did not.”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“senior management's delay in reporting the violations was inexplicable and inexcusable... as a member of the board at Solomon Brothers, that senior management might have noticed”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“Solomon purchased $10.6 billion out of the 11.3 billion of two-year notes offered in May of 1991...one firm could obtain that high a percentage of a U.S. Treasury auction is mind-blowing”
neutralInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“the board of directors, as I understand, of a corporation such as Solomon Brothers, has a duty to oversee the officers of the company”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“Charges about price fixing, the sale of billions of dollars worth of securities. This is a very, very serious charge”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“top executives of Solomon, including Mr. Mosier, were compensated by a what they would have regarded anyway as a relatively small salary and very large bonuses”
neutralInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“The Federal Reserve would have been receiving fairly regular reports about Salomon's positions and would have been aware of the size of its position”
neutralInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“the Salomon position, together with the customer positions, the Federal Reserve was clearly aware of the size of the positions”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“would not have had the ability to detect the illegality that was associated with that auction and earlier auctions”
neutralInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“The Federal Reserve, I think, must have become concerned in May about the size of Salomon's position and its customers' positions”
negativeInterview1991conf:high
Warren Buffett | Testimony | Salomon Brothers | Securities Trading Investigation | 1991
“unless somebody is cheating and puts a phony ticket in and then has happened at Solomon in several cases”