MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, September 11, 2012 Mr. Market Cheers Fetting's Departure Is a fund firm CEO worth $39 million? Mark Fetting may have been, or make that a negative $39 million. As news spread this morning of the Legg Mason CEO's impending departure, Mr. Market seemed to be rewarding Legg Mason's [profile] shareholders. In a flat market, shares in the asset manager opened 1.1 percent higher at $25.79, up 32 cents from 25.47 at Monday's close (NYSE: LM). By 10 am, Legg's share price had risen more than four percent to $26.54, from $25.95 at the open. The asset manager's market cap is $3.57 billion. Printed from: MFWire.com/story.asp?s=41082 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |