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Bill Miller
Industry experts suggest what Legg Mason's new CEO must do
Industry experts suggest what Legg Mason's new CEO must do

After more than four months without a permanent leader, Legg Mason Inc.'s search for a new CEO might finally be near the end. It probably can't come soon enough for employees and investors who have lived through months of uncertainty. "The longer it takes to find a successor, the more trying it is to everyone's patience," said James Hardesty, chairman of Hardesty Capital Management in Baltimore. Rumors have circulated about potential outside candidates, although as time passed, interim CEO Joseph A. Sullivan is believed by some analysts to have the inside track. But whomever Legg's board of directors chooses to become the third CEO in the firm's history...

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