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Legg Mason, Inc.

A collection of news and information related to Legg Mason, Inc. published by this site and its partners.

Top Legg Mason, Inc. Articles

Displaying items 13-24
  • Legg Mason posts first quarterly loss since 2009

    Legg Mason Inc. reported Friday that it lost $9.5 million in the first quarter, citing the costs of restructuring debt and launching two funds. On a per-share basis, the Baltimore-based investment firm lost 7 cents. Total revenues for the quarter reached...
  • 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...
  • Legg Mason Inc. expands board by adding two directors

    Legg Mason Inc. expands board by adding two directors
    Legg Mason Inc. has expanded its board of directors, adding two independent members, the Baltimore based money manager announced Thursday. Joining the board are John V. Murphy, a formerly of Korn/Ferry International, and John H. Myers, a retired...
  • Two key employees leave Legg Mason Capital Management

    Two key employees leave Legg Mason Capital Management
    Legg Mason Inc. has lost two key employees of its Legg Mason Capital Management, including portfolio manager Mary Chris Gay. Gay, manager of an overseas version of the subsidiary's well-known Value Trust fund, and Randy Befumo, head of research at Legg...
  • Legg CFO says company might trim laggard funds and reduce office space

    Legg CFO says company might trim laggard funds and reduce office space
    Legg Mason Inc. might eliminate some of its less popular investment funds and some of its 32 offices as it continues to look at ways to operate more efficiently, the chief financial officer of the Baltimore-based money manager said Tuesday. CFO Pete...
  • Legg Mason pays at least $80 million for European money manager

    Legg Mason pays at least $80 million for European money manager
    Legg Mason Inc. said it agreed to pay $80 million for European fund manager Fauchier Partners, plus as much as an additional $56 million in the next four years if certain financial targets are achieved. Though Legg announced in December its plan to...
  • Report: Legg Mason to announce new CEO this week

    Report: Legg Mason to announce new CEO this week
    The Wall Street Journal reported Monday that Legg Mason Inc. is expected to announce its new CEO as early as Wednesday and also will likely name a new independent board member. The Baltimore-based money manager has been without a permanent leader...
  • Sullivan named Legg Mason CEO and president

    Sullivan named Legg Mason CEO and president
    Legg Mason Inc. chose an insider as its new CEO, quelling speculation that the Baltimore-based money manager might be headed for a breakup that could have been bad news for the city. After a worldwide search for a new leader, Legg announced Wednesday...
  • Legg Mason's new CEO draws lessons from hockey

    Legg Mason's new CEO draws lessons from hockey
    Raymond "Chip" Mason first met Joseph A. Sullivan over dinner at a Chicago restaurant, where the founder of Legg Mason Inc. interviewed the young bond trading manager for a job with the Baltimore company. A lot of the conversation, Mason recalled, was...
  • Good morning, Baltimore: Need to know for Thursday

    WEATHER: Sunny, with highs near 50. TRAFFIC: Icy conditions are causing major problems for today's commute. Check our traffic updates for the latest. TOP NEWS Top police commanders not aware of training where officer was shot: Top Baltimore police...
  • Legg Mason seeks to sublease space at Harbor East headquarters

    Legg Mason seeks to sublease space at Harbor East headquarters
    Legg Mason Inc. is looking to sublease 78,000 square feet on three floors at its headquarters in Harbor East. The Baltimore-based investment management firm is consolidating its space, partly due to the recently announced merger of Legg Mason Capital...
  • Legg Mason reports loss of nearly $454 million

    Legg Mason reports loss of nearly $454 million
    Legg Mason Inc. reported Friday a $453.9 million loss for the third quarter, following a previously announced $734 million writedown of certain assets. On a per-share basis, the Baltimore-based money manager lost $3.45. For the corresponding quarter a...