John Halle Gutfreund was an American banker, businessman, and investor.
12 Facts About John Gutfreund
2.
John Gutfreund was the CEO of Salomon Brothers Inc, an investment bank that gained prominence in the 1980s.
3.
John Gutfreund grew up in a Jewish family in Scarsdale, a suburb of New York City.
4.
In 1951, John Gutfreund graduated from Oberlin College in Ohio with a degree in English.
5.
John Gutfreund considered teaching literature but instead joined the Army.
6.
John Gutfreund's father belonged to the Century Country Club in Purchase, New York where he often golfed with William Salomon, the son of Percy Salomon, one of the three founding brothers of Salomon Brothers.
7.
At Billy Salomon's invitation, the young John Gutfreund joined Salomon Brothers as a trainee in the statistical department.
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Michael Lewis 8.
John Gutfreund rose quickly through the company and became a full partner at the age of thirty four.
9.
In 1978, Billy Salomon named John Gutfreund to succeed him as head of the firm, becoming the highest paid Wall Street executive at the time.
10.
In early 1991, when John Gutfreund was CEO of Salomon Brothers, a major scandal took place regarding the way Treasury bond trading was done by Salomon.
11.
When this was discovered and brought to the attention of John Gutfreund, he did not immediately suspend Mr Mozer.
12.
John Gutfreund was featured prominently in the 1989 book Liar's Poker by Michael Lewis, a former employee of Salomon.