The origin of the problem

Life After Salomon Brothers By WILLIAM GLABERSON NY Times
Published: October 11, 1987
LEAD: ONE day this summer, Lewis S. Ranieri had one of the best jobs on Wall Street. The next, at the instigation of Salomon Brothers' chairman John H. Gutfreund, Mr. Ranieri was out; out as vice-chairman of the powerful company and out of Salomon Brothers altogether. The 40-year-old Mr. Ranieri went home with millions of dollars and a reputation as a brilliant competitor that he earned in 21 years as Salomon's rising star.