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Proxy Filings
Legg Mason's new CEO sees compensation more than double
Legg Mason's new CEO sees compensation more than double

The compensation of Legg Mason Inc.'s CEO and chief financial officer more than doubled over the year that ended March 31, according to a proxy statement filed Wednesday with regulators. CEO Joseph A. Sullivan, who took the helm of the Baltimore-based money manager in February, saw his total compensation for the fiscal year rise to $7.29 million, up from nearly $3.23 million the prior year. This includes a $425,000 salary, a $2.7 million cash bonus and $3.77 million in stock awards. The total compensation of Chief Financial Officer Peter H. Nachtwey was $4.1 million, including a $350,000 salary, a $1.4 million cash bonus and $2 million in stock awards. Last year, his total...

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