Legg Mason, Inc.

Legg Mason's new CEO sees compensation more than double

2013-06-12 15:34:37

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

2013-06-06 07:42:00

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...

T. Rowe Price, Legg Mason offering up ultrashort-term bond funds

2013-05-28 00:00:00

Baltimore's two major mutual fund companies have joined a small but growing number of investment firms offering ultrashort-term bond funds, which may become an alternative to the traditional money market fund. The T. Rowe Price Ultra Short-Term Bond...

Two key employees leave Legg Mason Capital Management

2013-05-22 10:07:28

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 Mason CEO awarded 500,000 in options to purchase stock

2013-05-03 11:19:00

Legg Mason Inc.'s compensation committee awarded CEO Joseph A. Sullivan options to purchase a half million shares of the company stock at $31.46 per share, the Baltimore-based money manager announced in a regulatory filing. The company said the...

Legg Mason reports $29.2M fourth-quarter profit, loss for year

2013-04-30 14:38:14

Legg Mason Inc. reported Tuesday that it earned $29.2 million in its fourth quarter, down about 62 percent from a year earlier due to added real estate expenses. The Baltimore-based money manager's results still beat analysts' expectations, and its stock...

T. Rowe Price weighs headquarters move

2013-04-24 17:13:34

T. Rowe Price, a fixture in downtown Baltimore since its founding 76 years ago, is considering moving its headquarters once its current lease expires in 2017, the company said Wednesday. The Baltimore-based money manager is weighing several options,...

Legg Mason Inc. increases quarterly dividend

2013-04-23 10:33:00

Legg Mason Inc. on Tuesday announced a quarterly divided of 13 cents per share, an 18 percent increase. The Baltimore-based money manager said the dividend will be paid on July 8 for those who are shareholders as of June 11. - Text BUSINESS to 70701 to...

Legg Mason CEO shuffles executive team

2013-04-02 15:25:58

Legg Mason Inc.'s new CEO, Joseph A. Sullivan, announced Tuesday a shake-up of his executive team and the exit of some top officials, including one who had been in the running for chief executive. Sullivan, a Legg insider who was named CEO and...

Legg Mason: Investors' expectations don't reflect bond market reality

2013-03-26 07:40:00

When it comes to generating income from investments, Americans' expectations for returns are significantly higher than what they are actually earning, according to a survey released this morning by Legg Mason Inc. “Our survey is telling us that...

As stock market breaks records, Legg Mason Inc.'s shares hit yearly high

2013-03-15 16:14:52

Legg Mason Inc.'s stock, which has struggled to recover from the financial crisis, hit a new 52-week high last week. It could be a harbinger of a turnaround at the Baltimore-based money manager. Or Legg shares simply may be riding the recent record-...

Legg Mason Inc. completes Fauchier Partners acquisition

2013-03-13 06:45:00

Legg Mason Inc. said Wednesday that it completed the acquisition of Fauchier Partners, a European money manager acquired from BNP Paribas Investment Partners. Legg Mason Inc. said Wednesday that it completed the acquisition of Fauchier Partners, a...

Legg Mason, Inc. president and CEO Mark R. Fetting

2008-07-22 00:00:00

Legg Mason, Inc. president and CEO Mark R. Fetting in 2008.

2008-07-22 00:00:00

Legg Mason Inc. Chairman and CEO Raymond A. "Chip" Mason says firm's quarterly profits rose 49 percent amid a very tough stock market; 'Everyone got killed.'

2002-10-23 00:00:00