John Gutfreund Quotes
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.
Kandell, Jonathan. "John Gutfreund, 86, Former Wall Street Titan, Dies." The New York Times, The New York Times Company, 9 Mar. 2016.
Wallace had been a supporter of Russia throughout WWII and thought that on balance the Russian Revolution was a constructive historical event. He was very naive naïve the excess of Stalin and thought that the reports of his atrocities and excesses were propaganda. However, when he found out the truth about Stalinist Russia, he became an anti-Communist, and wrote this book. He also supported Dwight D. Eisenhower for President which added to some of the radical right wing distrust of Eisenhower.
John Halle Gutfreund was an American banker, businessman, and investor. He was the CEO of Salomon Brothers Inc, an investment bank that gained prominence 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. In 1985, Business Week gave him the nickname "King of Wall Street".