William Roger Salomon | |
|---|---|
| Born | April 2, 1914 New York City, New York, United States |
| Died | December 7, 2014(2014-12-07) (aged 100) New York City, New York, United States |
| Occupation | Managing partner ofSalomon Brothers[1] |
| Spouse | Virginia Foster |
| Children | 2 |
| Parent | Percy Salomon |
William Salomon (1914–2014) was an American businessman who served as managing partner ofSalomon Brothers.[2]
Salomon was born to aJewish family[3] inNew York City, the son of Percy Salomon who co-foundedSalomon Brothers with his brothers, Arthur and Herbert. William joined the firm aged 19 in 1933, soon after theWall Street crash. He became a managing partner in 1963 and turned the firm into one of the "fearsome foursome" with Lehman Brothers, Merrill Lynch and Blyth and Company, that took on the elite white shoe banks such asMorgan Stanley andFirst Boston".[4]
He retired in 1978, passing the leadership toJohn Gutfreund, but regretted it when the latter led the partners into selling the firm for $554 million in 1981 toPhibro, a commodities trading house. He had prized the discipline of partnership, creating a structure in which partners were paid salaries and bonuses but had to retain 95 per cent of their capital in the business until they left.[4]
In 1937, Salomon married Virginia Foster; they had two children, Dr. Peter F. Salomon and Susan Salomon Neiman.[5][6] He died in 2014 at the age of 100.[5]
Miss Jane Ann London, daughter of Mr, and Mrs. Howard John London, was married this afternoon to Dr. Peter Foster Salomon, son of Mr. and Mrs. William Roger Salomon of New York. The Rev. Robert Nelson Back performed the ceremony in St. Luke's Protestant Episcopal Church.
 | This article about an American businessperson born in the 1910s is astub. You can help Wikipedia byadding missing information. |