The Lesson To Be Learned From Salomon

Take a moment to reflect on the enormity of the disaster that Salomon Brothers has brought down on its own head. Its three top officers, one of them a giant on Wall Street, have left in disgrace. The firm's reputation has been sullied as revelations of its misbehavior multiply. And on Aug. 17, the Treasury Dept. banned the firm from bidding in its auctions.

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