1. John Halle Gutfreund was an American banker, businessman, and investor.
11 Facts About John Gutfreund
1. 2.
John Gutfreund grew up in a Jewish family in Scarsdale, a suburb of New York City.
3.
In 1951, John Gutfreund graduated from Oberlin College in Ohio with a degree in English.
4.
John Gutfreund considered teaching literature but instead joined the Army.
5.
John Gutfreund's father belonged to the Century Country Club in Purchase, New York, a predominantly German Jewish club at the time.
6.
At Billy Salomon's invitation, the young John Gutfreund joined Salomon Brothers as a trainee in the statistical department.
7.
John Gutfreund rose quickly through the company and became a full partner at the age of thirty-four.
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Michael Lewis 8.
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.
9.
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.
10.
When this was discovered and brought to the attention of John Gutfreund, he did not immediately suspend Mr Mozer.
11.
John Gutfreund was featured prominently in the 1989 book Liar's Poker by Michael Lewis, a former employee of Salomon.