Legg Mason chief named 'businessman of the year'; Loyola's business school to honor man who helped it; Brokers


Raymond A. "Chip" Mason, chairman and chief executive officer of Legg Mason Inc., will be named "business leader of the year" next week by Loyola College's Sellinger School of Business and Management.

Mason, who has built the Baltimore brokerage and asset management company to an institution that oversees $95 billion and employs about 4,500 people, said he has refused to accept such awards in the past.

"I did it because of Sellinger," said Mason, referring to the late Rev. Joseph A. Sellinger, who was president of the college and built the business school. "He literally carried the school on his back. I just thought he did a marvelous job in building the school."

Mark Kelly, a Loyola spokesman, said Mason was selected for the award because of his vision, ethics and commitment to the community.

"Legg Mason certainly has had a wonderful run here in the past several quarters," Kelly said. "And Chip certainly is a guy who has done a heck of a lot for Legg, the city of Baltimore, and he has been quite a good friend to Loyola College."

Mason helped start a Sellinger School advisory board made up of business leaders, and was its chairman from 1980 to 1988.

Mason will be honored at a dinner Thursday at the Renaissance Harborplace Hotel. He said he is still working on his speech, but will likely talk about the business climate, steps that can be taken to improve Baltimore and the importance of community involvement.

"That is something you have to keep telling people," Mason said.

Mason follows a distinguished list of business executives who have received the award. They include: Charles M. Cawley, chairman and chief executive officer of MBNA Corp.; George Collins, former president and chief executive officer of T. Rowe Price Associates Inc.; and Frank P. Bramble, chairman and chief executive officer of Allfirst Financial Inc.

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