John Gutfreund Quotes

John Gutfreund — American Businessman

John H. Gutfreund is an American businessman and investor. He is the former CEO of Salomon Brothers Inc, an investment bank that gained notoriety in the 1980s. Gutfreund turned Salomon Brothers from a private partnership into a publicly traded corporation which started a trend in Wall Street for investment companies to go public. He became an icon for the excess that defined the 1980s culture in America. In 1985, Business Week gave him the nickname "King of Wall Street"... (wikipedia)

I don't have many regrets. I regret mistakes, particularly those that damage other people, and we've all made some of those. But I'm not sad about change.

I have never been a social lion; I was misidentified as one because I have a very attractive second wife.

I am more rich in goods than I am in money.

I thought that ending Glass-Steagall was a mistake.

Commercial banks are very good for certain businesses, like loans and guarding other people's money. They're not great investors or entrepreneurs.