Salomon Brothers: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
← Older edit
VisualWikitext
No edit summary
No edit summary
 
Line 5: Line 5:


===The American Brothers===
===The American Brothers===
His brothers [[Hank]] and [[Chip]] went to America and diversified into {{tag|investment bank}}ing, invented swaps, nearly blew up the financial world on a number of occasions and eventually succumbed to the dreary lukewarm [[entropy]] that is our collective fate, being acquired in 1997 by [[Travelers Group]], which was then aquired by [[Citigroup]] in early 1998.  
His brothers [[Hank]] and [[Chip]] went to America and diversified into [[investment bank]]ing, invented swaps, nearly blew up the financial world on a number of occasions and eventually succumbed to the dreary lukewarm [[entropy]] that is our collective fate, being acquired in 1997 by [[Travelers Group]], which was then aquired by [[Citigroup]] in early 1998.  


===The French Brother===
===The French Brother===

Latest revision as of 13:30, 14 August 2024

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
Index — Click the ᐅ to expand:
Glossary

Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

A long time ago, in a small town in Germany,[1] there was a shoemaker, Salomon was his name...

The English brother

there was an English Salomon Brother; Basil. He made boots in Whitechapel. Being a litigious, type, he established the legal concept of corporate personality in Salomon v Salomon & Co Ltd [1896] UKHL 1, when he sued his corporate self and lost. Nothing to do with the modern ski and hiking boot manufacturer as best we can determine — that’s the Frenchie mentioned below.

The American Brothers

His brothers Hank and Chip went to America and diversified into investment banking, invented swaps, nearly blew up the financial world on a number of occasions and eventually succumbed to the dreary lukewarm entropy that is our collective fate, being acquired in 1997 by Travelers Group, which was then aquired by Citigroup in early 1998.

The French Brother

There was another Salomon brother, Georges, also more inclined to footwear than investment banking. He went to France and made badass skis[2], ironically becoming a good client of the investment banking fraternity by being bought by Adidas in 1997 for USD1bn.

See also

References

  1. ↑ In fact none of the Salomon Brothers seem to have come from, or gone to, Germany.
  2. ↑ https://en.wikipedia.org/wiki/Salomon_Group.
Retrieved from "https://jollycontrarian.com/index.php?title=Salomon_Brothers&oldid=88624"