Fetting retirement from Legg Mason a major loss for Baltimore

September 17, 2012

Mark Fetting's departure from Legg Mason is a major blow to the city ("Legg Mason CEO to step down," Sept. 11). Under his leadership no corporation has been more committed to improving the city than Legg Mason, even though Baltimore is blessed with some very public spirited CEOs. Mark is a native Baltimorean with a unique commitment to implement the community obligations of a major business. This perspective is increasingly rare among America's corporate executives. It was a banner day for our city when Legg Mason's board selected him as CEO. We can only be grateful that we received the benefit of five years of his leadership and hope that his tenure is seen as a model by other CEOs.

Robert C. Embry Jr., Baltimore

The writer is president of the Abell Foundation.

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