"Its purpose was an update," one Salomon executive said of the meeting.

Salomon executives proclaimed the results a major turnaround for the firm.

"We got hurt by having them accumulate," one Salomon executive said.

"He had clients who were crazy about him," said a Salomon executive who asked not to be identified.

But conquering the new terrain is likely to be much more difficult than many Salomon executives seem to believe.

Salomon executives have described the woman as a rising star in the company, the court officials said.

Consequently, Salomon executives prepared to pace her return so she would not be overwhelmed, the court officials said.

Two former top Salomon executives are exploring getting back into the business, possibly with a money management firm.

Many Salomon executives were stunned by the second round of revelations.

Senior Salomon executives agree that the current part of the firm's recovery is crucial.