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Bloomberg L.P.
William Salomon dies at 100; Wall Street pillar modernized Salomon Bros.
William Salomon dies at 100; Wall Street pillar modernized Salomon Bros.

William "Billy" Salomon, who oversaw the growth of the Salomon Bros. bond trading house cofounded by his father into a Wall Street giant, died Sunday at his home in New York. He was 100. He had a gradual decline in health leading to his death, said his son, Peter F. Salomon. William Salomon, who was managing partner from 1963 to 1978, is credited with modernizing the firm that his father and two uncles started in 1910. He broadened its focus beyond government bonds and into new markets, assembling a team that included analysts Sidney Homer and Henry Kaufman; William Simon, who would go on to serve as U.S. Treasury secretary; Lewis Ranieri, who would become known as the father...

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