UNFINISHED BUSINESS

Regarding Linda Grant’s fine--and very thorough--story on Salomon Brothers (“Taming the Bond Buccaneers,” Feb. 16), we would like to set the record straight on one point. As Grant states, lawsuits were filed, purportedly as shareholder derivative actions, after Salomon issued preferred stock to Warren Buffett in 1987. However, none of the lawsuits have been settled.

ROBERT F. BAKER JR.

DIRECTOR, CORPORATE COMMUNICATIONS

SALOMON BROTHERS INC.

New York