Salomon Brothers golden era
Threadguy talked about the Salomon Brothers mortgage desk, where traders brought in so much cash the firm didn't bother with expense reports. Wives of a Salomon trader would get picked up in the Salomon limo and shop on the Salomon card, no questions asked. No expense sheets, no tracking, they made the firm so much money they could do whatever they wanted.
Transcript (en)
And mortgage traders of Solomon were making so much money that they did not have an expense sheet, bro. They were not tracking expenses. And so it was like routine if you were the wife of a Solomon trader that you would get picked up in the Solomon limo. And you would go out and shop on the Solomon card and there was no expenses. There was no expense report. There's no expense sheets. They were making so much money for the firm. They could do whatever the fuck they wanted. It was electric, man.
