GuruFocus Premium Membership

Serving Intelligent Investors since 2004. Only 96 cents a day.

Free Trial

Free 7-day Trial
All Articles and Columns »

Classic Buffett - Warren's First Letter as Chairman to Salomon Shareholders

March 27, 2013 | About:
CanadianValue

CanadianValue

211 followers
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



About the author:

CanadianValue
http://valueinvestorcanada.blogspot.com/

Rating: 3.0/5 (2 votes)

Comments

Please leave your comment:


Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK