Salomon Scandal - Securities Trading Investigation (1991)

[Guest ajc]

Full C-Span video of Warren Buffett being questioned by the House Commerce Subcommittee regarding the 1991 Salomon Brothers government bond trading scandal.

 

http://www.youtube.com/watch?v=gHchzoVl0OI

[VersaillesinNY]

Thanks for sharing!

 

Regarding corporate governance I recently came across a great book on the subject:

 

Great companies, Great nations written by Richard F. Chandler.

The New Zealand Chandler brothers are famous for having turned $ 10 million into a powerful $ 5 billion fund over 20 years.

 

Institutional Investor 2006: Secrets of Sovereign

http://www.chandlergroup.com/publications/S_Sov.pdf

 

Chandler's book on corporate governance is available for free download @:

 

http://www.chandlergroup.com/publications/Great%20Companies%20Great%20Nations_24b04.pdf

 

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“If you lose money for the company, I’ll be understanding. If you lose a shred of the company’s reputation, I’ll be ruthless.”

Warren Buffett