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News > Companies
Brokers fired in porn flap
March 31, 1998: 9:08 a.m. ET

Two Smith Barney execs accessed 'offensive' material via firm's computers
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NEW YORK (CNNfn) - Salomon Smith Barney has dismissed two executives, apparently on grounds that they were transmitting pornographic materials over the company's computer network.
     Company spokesman Michael E. Schlein confirmed the Friday firings but did not identify the employees involved, the New York Times reported on Tuesday.
     In a memo sent Monday to all employees, John Donnelly, the firm's managing director for human resources, said that the employees had violated Salomon Smith Barney policy forbidding use of the company's computers and telecommunications resources to transmit "offensive images or text such as pornography."
     "Using firm facilities to communicate such offensive material is totally unacceptable and inconsistent with our insistence on professionalism and the mutually respectful environment we seek to promote," the memo continued. "Anyone engaging in such activity should assume that he or she will be terminated."
     According to a company insider, two other employees had been involved in the misuse of Smith Barney's communications network, but have not been terminated at this time.
     Salomon Smith Barney is the securities arm of Travelers Group Inc. (TRV). Back to top

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.