Citigroup "wants to rid [Salomon Smith Barney] of the legal and regulatory problems confronting it." So it's moving Citi's COO (and former lead counsel) over to Salomon Smith Barney to become its new CEO. Buffett did the same thing in 1991 when one of the bank's traders was caught manipulating the market for US Treasury Securities.

Somehow a former exec believes the 1991 reshuffling was a success. If it was successful, why do they have to do it again? I'd really hate to see what a failure looks like.