Grubman's reputation has also been tarnished inside Salomon Smith Barney, where the sales force used to treat him with deference. In the old days, on the morning call to brokers, listeners would hang on his every utterance, according to several witnesses. He would speak expansively about his favorite companies, taking 20 minutes to get through all his points.
Today, brokers say, Grubman is more often than not cut short by others on the call. One longtime salesman at the firm said recently: "Jack Grubman? His name is mud around here."
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