OTHER NEWS - April 19, 1995

John Gutfreund Takes Fortune to Court: The former Salomon Inc. chairman is suing the magazine, saying it libeled him by incorrectly reporting that he was barred from the securities industry for life after the 1991 Treasury bond scandal. In a suit filed in New York County Supreme Court, Gutfreund’s attorneys say he “has never been barred or suspended from the securities business, not even for one day.” In a statement, Fortune Managing Editor John Huey said, “We should have reported that in 1991, Mr. Gutfreund consented to an order by the Securities and Exchange Commission providing that he was not to associate in the future in the capacity of chairman or chief executive officer with any broker, dealer, municipal securities dealer, investment company or investment adviser regulated by the commission.”