As the most powerful government bond dealer on Wall Street, Salomon Brothers has long been known for its swagger and for a rough-and-tumble culture that reveled in practical jokes. But the scandal that stunned the giant firm last week was no laughing matter. With the company's stock collapsing in the wake of disclosures that Salomon had repeatedly tried to corner the market for Treasury securities, chairman John Gutfreund and president Thomas Strauss said they would offer their resignations at an emergency board meeting on Sunday. The firm said directors would also consider the fate of vice chairman John Meriwether, one of...
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