Legg Mason Shareholders Continue to Amaze
July 29th, 2009
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If you haven’t read my other post about Legg then do so now. |
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Now the board for Legg Mason has finally met with shareholders at its annual shareholder meeting. From the Baltimore Business Journal, “board members defended the payments. They were reward, board members said, for Fetting and his management team for purging billions in toxic structured-investment vehicles, or SIVs, from Legg’s money-market funds and leading the asset manager through one of the rockiest financial markets in history.” |
| What amazes me the most is the shareholders of Legg Mason. “Legg’s shareholders returned to the board for 3-year terms all five directors who were up for reelection, including three directors who sit on the board’s compensation committee.” If you are currently invested in Legg Mason and to decide to keep your money there – you DESERVE to lose your money. Remember, these are the same people who lost $1.9 billion during the previous year. |
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