FORMER SALOMON TRADER RECEIVED $11M IN BONUSES.(Business)

Byline: Associated Press

A trader at the center of the Salomon Inc. government bond trading scandal was paid more than $11 million in bonuses by the firm during the past three years, documents revealed Tuesday.

Meanwhile, the first legislation proposing Treasury securities market reforms in the wake of the scandal was introduced in the Senate on Tuesday.

The enormous bonuses Salomon paid the former head of the government trading desk, Paul Mozer, were revealed in a letter to a House panel investigating the scandal.

According to the letter from interim Salomon Chairman Warren E. Buffett, Mozer was paid bonuses of $2.85 million for 1988, …