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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...
Tags: Companies and Corporations, Citigroup Incorporated, Economy, Business and Finance, Finance, Corporate Officers
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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...
Tags: Sports, St. John's University, Roman Catholicism, Citigroup Incorporated, Finance
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Good morning, Baltimore: Need to know for Thursday
The Baltimore SunWEATHER: 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...Tags: Shootings, Bryant McKinnie, Oscar Pistorius, Stephanie Rawlings-Blake
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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...
Tags: Elections, Stock Market, St. John's University, Bonds, Real Estate Buyers
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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...
Tags: Companies and Corporations, The Wall Street Journal, Newspaper and Magazine, Economy, Business and Finance, Corporate Officers
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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...
Tags: Wildlife, Hunt Valley, Career and Workplace, Bill Miller, Auto Trends
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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...
Tags: BNP Paribas
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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...
Tags: Stock Market, Buyback, Companies and Corporations, Prices, Morningstar Incorporated
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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...
Tags: Harbor East, Harbor
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Legg Mason Capital Management's chief investment strategist resigns
Legg Mason Capital Management's chief investment strategist, Michael J. Mauboussin, resigned as of Jan. 2, said Mary Athridge, Legg Mason Inc.'s spokeswoman. Mauboussin's resignation is not a surprise, and he's expected to announce his plans in the...Tags: Columbia University, Bill Miller
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Legg Mason Inc. to take $734 million charge
Legg Mason Inc. will take a $734 million impairment charge largely related to a drop in value of certain fund contracts, the Baltimore-based money manager disclosed Tuesday in a filing with the Securities and Exchange Commission. Last month, Legg...
Tags: Mutual Funds, Economy, Business and Finance, Finance
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Storied Legg Mason unit to merge into New York sister subsidiary
Legg Mason Inc. plans to lay off an undisclosed number of employees as it folds its once high-profile Legg Mason Capital Management unit in Baltimore into a much larger investment division based in New York. Capital Management rose to fame under star...
Tags: Harbor East, Morningstar Incorporated, Economy, Business and Finance, Bill Miller, Corporate Officers
Mar 5, 2013
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Jan 28, 2013
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Jan 17, 2013
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