HERD ON THE STREET

HERD ON THE STREET

When the mainstream press hailed the pending absorption of Shearson Lehman Brothers Inc. by Smith Barney, Harris Upham & Co. as an opportunity for Smith Barney to leverage the technological resources of Shearson, they clearly weren't thinking of retail brokerage systems technologists. Smith Barney Shearson won't be requiring the services of Shearson's most senior executive overseeing broker systems development, executive vice president Rich Capliss, according to sources. Once the merger has

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