MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, July 22, 2005 Chip Gets Incentives Legg Mason's directors have decided to reward the firm's founder, president, chief executive officer and chairman Raymond "Chip" Mason with a heap of options for executing the recent Citigroup Asset Management and Permal acquisitions. Mason has the option to buy 500,000 options at $111.53 per share only if the stock reaches above $127.50 for 30 consecutive days within four years. Mason is also required to serve out another two years at the helm of the company, followed by two years of "agreed-upon ongoing services." Mason can use his options up to eight years after they're issued. Printed from: MFWire.com/story.asp?s=10133 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |