May 7, 2010

Warren Buffett at Salomon Hearings

Back in 1991, Wall Street firm Salomon Brothers was in serious trouble over a bond-rigging scandal. Warren Buffett took over as chairman and CEO for an annual salary of $1. This was the opening statement he gave to Congress.

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Cale

Posted by Cale at 6:26 AM in For Investors

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@PhilipEtienne No, will watch for a bit. Here's to hoping for another overblown scare in a few weeks, though. in reply to PhilipEtienne 5 hrs ago

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I'm a portfolio manager at Islamorada Investment Management in the Florida Keys. Email me at caleinthekeys@gmail.com.

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