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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 49-60
  • Legg Mason investors approve executive pay package

    Legg Mason investors approve executive pay package
    Legg Mason Inc. shareholders approved a $5.9 million pay package for Chairman and CEO Mark R. Fetting in an advisory vote announced Tuesday at the Baltimore-based company's annual meeting. The nonbinding "say on pay" measure won the support of 87 percent...
  • Legg Mason profits jump 25% in fiscal first quarter

    Baltimore money manager Legg Mason Inc. said Thursday that profits in the three months ending in June rose 25 percent compared with a year earlier, to $60 million. That 40-cent profit per share beat Wall Street analysts' expectations by two cents a...
  • Legg Mason notifies state of 35 job cuts in Owings Mills

    Legg Mason Inc. said Monday that it would lay off an additional 35 workers by January as part of a previously announced plan to shut down the money manager'sOwings Mills facility. In a notice Monday to the state's Department of Labor, Licensing and...
  • N.Y. investor Peltz buys a bigger share of Legg Mason

    New York investor Nelson Peltz has acquired a bigger share of Baltimore-based Legg Mason Inc., buying 2.65 million shares of the Baltimore money manager for $76.5 million between Aug. 1 and Aug. 3, a Securities and Exchange Commission filing shows. The...
  • Activist investor Peltz buys more Legg shares

    Activist investor Nelson Peltz has virtually reached the limit on his ownership stake of Baltimore-based Legg Mason Inc. after his latest stock purchase late last week. Peltz bought an additional 790,000 shares of Baltimore-based Legg Mason Inc. on Aug....
  • CEOs paid more even as profits fall

    CEOs paid more even as profits fall
    Chief executives of public companies have long had a ready answer when criticized about high pay: It's all about company performance. That argument has been put to the test by the toughest financial environment since the Great Depression. If...
  • O'Malley appoints Fry to head slots vetting

    A commission that will dole out lucrative slots licenses in Maryland will be headed by the leader of a business advocacy group chosen by Gov. Martin O'Malley after two prominent university leaders declined interest in the unpaid assignment, according to...
  • Legg is reportedly in no hurry for deal

    Legg Mason Inc., reported to be in talks with Citigroup Inc. to shed its brokerage business and expand its investment management portfolio, might not be in a hurry to do a deal, according to industry watchers. News leaked last week that the two companies...
  • Legg promises its customers a smooth switch

    Legg Mason Inc. promises its customers a smooth transition when the Baltimore company swaps businesses with Citigroup Inc. and analysts predict those investors may even see lower fees as a result of the $3.7 billion deal announced yesterday. Legg Mason...
  • Mason says 'few' jobs will be lost

    "Few" jobs will be lost as a result of the agreement announced yesterday between Citigroup Inc. and Legg Mason Inc., Legg Mason CEO Raymond "Chip" Mason said yesterday. In fact, Citigroup may open an operations center in Baltimore, Mason said in an...
  • Mutual-fund reform played role in deal

    Neither was at the negotiating table, but New York Attorney General Eliot Spitzer and retiring Securities and Exchange Commission Chairman William H. Donaldson played a supporting role in Legg Mason Inc.'s $3.7 billion deal to swap businesses with...
  • Legg Mason, Citigroup agree to swap business

    Legg Mason Inc. agreed yesterday to trade its brokerage unit for the money management business of financial giant Citigroup Inc. in a $3.7 billion deal that transforms the Baltimore-based firm from a regional player into the world's fifth-largest money...