HOW SALE OF SALOMON ENRICHED FORMER PARTNERS
Six former senior partners of Salomon Brothers, the investment firm acquired last year by the Phibro Corporation, will soon be able to begin cashing in $60 million or more in securities that they received as a result of the merger, according to documents filed with the Securities and Exchange Commission. John H. Gutfreund, Salomon's former managing partner and now co-chairman of the merged company, would receive the most - more than $13 million. The former partners, who are now directors of the company, renamed Phibro-Salomon Inc. in May, include Henry Kaufman, the well-known economist and expert on interest rates, as well as Mr. Gutfreund. In August 1981, when the two companies announced the merger, the transaction was valued at $550 million.