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February 10, 1988

Salomon Inc. managing directors Jay F. Higgins, James L. Massey, John W. Meriwether and Stanley B. Shopkorn joined the office of the chairman of Salomon Bros. as vice chairmen. The company, said Higgins, will oversee investment banking, Massey will oversee sales and administration, Meriwether will be responsible for global risk management and Shopkorn will oversee equities.

Meanwhile, Salomon Inc.'s chief financial officer, Gerald Rosenfeld, said he resigned from the securities firm. Rosenfeld, whose background had been in mergers and acquisitions before becoming chief financial officer last year, said: "I want to get back to the deal side of the business in a smaller environment than Salomon Bros."

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