Word: salomon
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...recent Princeton University graduate chatted up a well-connected dinner partner and found himself a job at Salomon Brothers, a prominent New York City investment house. Upon entry, Michael Lewis was presented with a choice of two career tracks. A commercial banker took deposits and made loans. He was not, Lewis learned, "any more trouble than Dagwood Bumstead. He had a wife, a station wagon, 2.2 children and a dog that brought him his slippers." An investment banker, on the other hand, was a "member of a master race of deal makers" who "possessed vast, almost unimaginable talent and ambition...
...Wolfe caricatured the voracious men who work 16-hour days, earn outrageous salaries that never keep pace with their desires, and consider themselves "Masters of the Universe." But Wolfe was a tourist; Lewis issues his catcalls from deep inside the jungle. At the top of the food chain is Salomon's CEO, who presides with a smooth amalgam of drive and hypocrisy, speaking loftily of social issues and encouraging his staff to bilk the clients. Below him are ranks of predators, among them a man so dedicated to consumption that he is labeled "the Human Piranha"; a Briton so chilly...
...brief time of peace, photojournalism waged war against privacy. A decisive weapon appeared in 1924: the Ermanox, a miniature glass-plate camera with a wide-aperture lens. The camera could operate in dim light and without great intrusion. Erich Salomon, a German with a talent for discretion, stalked diplomatic salons and private railway cars with his tripod-held model. In the U.S., a New York Daily News photographer, Tom Howard, strapped a miniature camera to his ankle and violated the mystery of Ruth Snyder's electrocution...
...Salomon Brothers...
...August the board of American's parent company, AMR, bolstered its so-called poison-pill defenses by allowing management greater flexibility to issue new stock in order to make a takeover more expensive. The Fort Worth company also signed up the high-powered Wall Street firms Goldman Sachs and Salomon Brothers to develop a full-defense strategy. AMR even asked the New York Stock Exchange to investigate recent large trades in its stock, which caused volatile swings in its share price...