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Salomon Brothers - 7 Paradigm shifts
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- 677
- Submitted:
- Thu Jul 11 2002

... Salomon Brothers - 7 Paradigm shifts Machine age to organic - Meriwether saw the light of how to successfully pick arbitrage men. He sought men of scientific and mathematical backround, instead of men with degrees in business. Meriwether recruited with high technical skills so that their analysis would be more mathematical and scientific, resulting in an innovative and extremely successful arbitrage group. Monolithic to Pluralistic - When Salomon Brothers was attacked by Revlon, Gutfreund was able to call on Warren Buffet to bail him out, but at a cost. They lost 108 million in capital and now had to pay 63 million in dividends every year. This takeover stemmed from Gutfreunds lack of ability to control stakeholders, and an inability to shift to pluralistic management. Salomon's largest shareholder was looking to sell its shares, and Gutfreund wasn't accommodating. They therefore went elsewhere to get sell them and gave nemesis Michael Milken an














