ORGS 2010 Lecture 5: ORGS
19 Aug 2015
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1986 was a poor one for salomon brothers, 1987 was worse. Gutfreund created new titles (strategic: revenues ceased to grow and costs got out of control, a board of directors consisting of former employees, a new level of management of ce of the chairman. Consisting of two former traders and a former salesman lewie ranieri, bill voute, and. Ruthless people are bad for the business* Con icting team spirit: of ce of the chairmen was divisive. Tom strauss: eventually destroyed the mortgage department. Culturally, ranieri was trying to guard the jewish heritage of the salomon brothers: strauss hated that ranieri was fat, uneducated, and lacking nesse, strauss family had objections to the mortgage department. Costs were out of control workers taking advantage of company privileges. Voute and strauss called mark smith into the mortgage department at the end of 1985 and that no one liked him anymore; he was a disruptive force.
