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Classic Buffett - Warren's First Letter as Chairman to Salomon Shareholders
Posted by: CanadianValue (IP Logged)
Date: March 27, 2013 10:51AM
Back in the early '90s Warren Buffett had to step in and assume the chairman position at Salomon Inc. in an effort to save the company (and his investment) after a bond rigging scandal threatened its existence.
Below is Buffett's first letter as chairman to Salomon shareholders which details his first efforts to right the sinking ship.
Of course as with most things Buffett, his Salomon adventure had a happy ending:
Buffett Letter to Salomon Shareholders
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