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NEWS
October 21, 1990
Legg Mason Wood Walker Inc., which has an office in Bel Air, has established a toll-free telephone number for information about cash distributions of employee retirement money.The number is 800-822-5544.The securities brokerage firm estimates that $22.5 billion is due for lump sum distribution to retiring and otherwise separated U.S. employees in fourth quarter 1990.
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BUSINESS
By Laura Smitherman and Laura Smitherman,Sun reporter | May 8, 2007
Citigroup Inc. agreed to pay $200,000 to settle regulatory charges that the Legg Mason Wood Walker brokerage it acquired two years ago manipulated bond auctions, the Securities and Exchange Commission announced yesterday. It follows similar settlements reached last year with 15 financial service companies, including Citigroup, Goldman Sachs Group and Merrill Lynch & Co., that together agreed to pay $13 million. The cases involve the $200 billion market for "auction rate securities," which are municipal bonds, corporate bonds and preferred stock with interest rates or dividend yields that are periodically reset through auctions.
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NEWS
October 1, 2001
AMA council chooses Hetsko as chairman-elect Dr. Cyril M. Hetsko, chief medical officer of COLA, a Columbia-based national health care accreditation organization, was elected chairman-elect of the American Medical Association's Council on Medical Service during the AMA's 2001 Annual Meeting in Chicago. The council, an elected body within the AMA, evaluates the delivery of health care services and makes health policy recommendations to the AMA House of Delegates. Legg Mason's Rosenwald to speak at dinner Oct. 8 Beth C. Rosenwald, financial adviser with Legg Mason Wood Walker Inc., will speak at a dinner of the Columbia chapter of the American Business Women's Association on Oct. 8 at the Columbia Sheraton Hotel.
NEWS
By Frederick N. Rasmussen and Frederick N. Rasmussen,SUN STAFF | August 20, 2003
Holly R. Gustafson, an investment analyst with Legg Mason Wood Walker Inc. who specialized in e-commerce companies, died of ovarian cancer Friday at Gilchrist Center for Hospice Care. The Reisterstown resident was 55. Ms. Gustafson was born and raised in Glastonbury, Conn., and earned her bachelor's degree in English in 1970 from the University of Wisconsin. In 1978, she earned a master's degree in city and regional planning from Catholic University of America in Washington, and a year later her master's in business from the Wharton School at the University of Pennsylvania.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | June 9, 1999
Beverly L. Wright has resigned as chief financial officer of Legg Mason Wood Walker Inc. after six months on the job, the company's top official confirmed yesterday.Raymond A. "Chip" Mason, chairman and chief executive of Baltimore-based Legg Mason Inc., parent of Legg Mason Wood Walker, said Wright left the firm to "devote most of her time to her family.""She decided that this was the best thing for her to do," Mason said. "In time, things change. It was a decision that was probably the right thing to do, to devote her full time" to her two children.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | November 7, 2000
A Legg Mason Wood Walker Inc. client sued the Baltimore brokerage and a veteran broker yesterday, claiming that a substantial portion of her life's savings was invested in risky or inappropriate securities. The lawsuit, filed in Baltimore Circuit Court, seeks $1.3 million in compensatory damages and $5 million in punitive damages. It alleges fraud and negligence. Robert Patterson, deputy general counsel of Legg Mason Inc., parent of Legg Mason Wood Walker, declined to comment because he had not seen the lawsuit.
BUSINESS
By Laura Smitherman and Laura Smitherman,Sun reporter | May 8, 2007
Citigroup Inc. agreed to pay $200,000 to settle regulatory charges that the Legg Mason Wood Walker brokerage it acquired two years ago manipulated bond auctions, the Securities and Exchange Commission announced yesterday. It follows similar settlements reached last year with 15 financial service companies, including Citigroup, Goldman Sachs Group and Merrill Lynch & Co., that together agreed to pay $13 million. The cases involve the $200 billion market for "auction rate securities," which are municipal bonds, corporate bonds and preferred stock with interest rates or dividend yields that are periodically reset through auctions.
BUSINESS
By Peter H. Frank | October 18, 1991
Buoyed by strong investor activity in the stock market, Legg Mason Inc. enjoyed record income and revenues in its second fiscal quarter, the Baltimore-based brokerage firm said yesterday.The company, which owns Legg Mason Wood Walker Inc., said its earnings increased by more than 25 percent, to $4.6 million, or 47 cents a share fully diluted, in the past three months.That compared with earnings of $3.7 million, or 39 cents a share, in the same period last year.Revenues rose to $68.7 million, compared with $64 million in the year-ago period.
BUSINESS
By David Conn and David Conn,Staff Writer | July 21, 1993
Legg Mason Inc., the Baltimore-based investment banking firm, yesterday reported revenue and earnings in the three months ending June 30 that are higher than those of a year ago.The company, the parent of the Legg Mason Wood Walker Inc. brokerage firm, said its revenues gained 12 percent, to $91.3 million, compared with the same period in 1992.Earnings rose 7 percent in the quarter, to $8.1 million, or 85 cents a share, from $7.6 million, or 83 cents a share, in the same period in 1992.Legg .. .. .. .. Ticker .. .. .. .. .. .. Yesterday'sMason Inc .. .. .Symbol .. .. .. .. .. .. Cls. .. .. .. .. Chg..
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | June 19, 1999
Legg Mason Inc. paid its top five executives more than $11 million in bonuses for the fiscal year that ended March 31 -- up 18 percent from last year.The company paid Raymond A. "Chip" Mason, chairman and chief executive, a $4.8 million bonus, up 29.7 percent from last year, according to the company's proxy statement. He also was paid a salary of $295,833, up $46,670 from the previous year.James W. Brinkley, president of the company's brokerage subsidiary, Legg Mason Wood Walker Inc., was paid a bonus of $2.3 million, up 39.3 percent from the previous year, on top of $247,913 in salary.
NEWS
October 1, 2001
AMA council chooses Hetsko as chairman-elect Dr. Cyril M. Hetsko, chief medical officer of COLA, a Columbia-based national health care accreditation organization, was elected chairman-elect of the American Medical Association's Council on Medical Service during the AMA's 2001 Annual Meeting in Chicago. The council, an elected body within the AMA, evaluates the delivery of health care services and makes health policy recommendations to the AMA House of Delegates. Legg Mason's Rosenwald to speak at dinner Oct. 8 Beth C. Rosenwald, financial adviser with Legg Mason Wood Walker Inc., will speak at a dinner of the Columbia chapter of the American Business Women's Association on Oct. 8 at the Columbia Sheraton Hotel.
BUSINESS
By Eileen Ambrose and Eileen Ambrose,SUN STAFF | August 14, 2001
Legg Mason Wood Walker Inc. said yesterday it has laid off 37 employees, blaming the cuts on a decline in the brokerage business because of the stock market downturn. The fired workers were administrative and support staff in the brokerage business and represented less than 1 percent of the company's 4,600 workers, said Timothy Scheve, chief administrative officer. Pink slips went out last week and were effective immediately. Workers received severance based upon years of service. About one-third of the fired staffers worked in Baltimore, with the rest scattered among the company's other offices, Scheve said.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | May 9, 2001
Legg Mason Inc. reported yesterday that profit fell 25.5 percent in its fourth quarter, and its top executive said a freeze on new employees and new branches is in effect because of turbulence in the stock market. But the company reported record profit and revenue for its fiscal year ended March 31. Raymond A. "Chip" Mason, Legg Mason's chairman and chief executive, said the company had instituted the hiring freeze two months ago as part of an overall cost-cutting initiative. "In fact, if the environment would persist ... we would expect them to make cuts and we would give them certain guidelines that they would have to look at," Mason said in a conference call with analysts.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | November 7, 2000
A Legg Mason Wood Walker Inc. client sued the Baltimore brokerage and a veteran broker yesterday, claiming that a substantial portion of her life's savings was invested in risky or inappropriate securities. The lawsuit, filed in Baltimore Circuit Court, seeks $1.3 million in compensatory damages and $5 million in punitive damages. It alleges fraud and negligence. Robert Patterson, deputy general counsel of Legg Mason Inc., parent of Legg Mason Wood Walker, declined to comment because he had not seen the lawsuit.
BUSINESS
By June Arney and June Arney,SUN STAFF | September 25, 1999
Sylvan Learning Systems Inc., the Baltimore-based provider of educational services, announced yesterday that it will spin off its computerized testing service company in order to focus on its tutoring business.Sylvan said it will sell up to 20 percent of Prometric Inc., which offers more than 2,400 kinds of tests to more than 170 clients, by early 2000. The remaining stake of Prometric will be distributed to Sylvan shareholders by next fall if the Internal Revenue Service rules that such a distribution is tax-free and no adverse business or market conditions exist for Sylvan or its stockholders.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | June 19, 1999
Legg Mason Inc. paid its top five executives more than $11 million in bonuses for the fiscal year that ended March 31 -- up 18 percent from last year.The company paid Raymond A. "Chip" Mason, chairman and chief executive, a $4.8 million bonus, up 29.7 percent from last year, according to the company's proxy statement. He also was paid a salary of $295,833, up $46,670 from the previous year.James W. Brinkley, president of the company's brokerage subsidiary, Legg Mason Wood Walker Inc., was paid a bonus of $2.3 million, up 39.3 percent from the previous year, on top of $247,913 in salary.
BUSINESS
October 30, 1991
Education:Dr. Carolyn North has been appointed director of international studies and assistant professor of anthropology at Goucher College. Dr. North was on the senior research staff at the Woodrow Wilson School of Public and International Affairs at Princeton University and earned her Ph.D. in anthropology at Princeton. She will be responsible for implementing Goucher's new international studies program.William M. Stanton was named president and chief executive officer of C&B Consulting Group-Herget Division, the compensation and employee benefits consulting division of Willis Coroon plc. Stanton previously served as head of office for the Baltimore and Washington operations of William H. Mercer Inc. Stanton will oversee the actuarial, benefits and compensation consulting operations in Herget's Baltimore headquarters, as well as in the division's Pittsburgh and Fort Lauderdale, Fla., offices.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | February 11, 1999
In celebration of Legg Mason Inc.'s 100th anniversary, Raymond A. "Chip" Mason, chairman of the Baltimore-based securities firm, rang the opening bell at the New York Stock Exchange yesterday to begin trading.Mason made the trip to New York with five other executives and directors of the brokerage and money management firm. They ate breakfast with Richard A. Grasso, the exchange's chairman and chief executive."It was an emotional high," said James W. Brinkley, president of Legg Mason Wood Walker Inc., the firm's brokerage arm, who watched as Mason rang the bell.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | June 9, 1999
Beverly L. Wright has resigned as chief financial officer of Legg Mason Wood Walker Inc. after six months on the job, the company's top official confirmed yesterday.Raymond A. "Chip" Mason, chairman and chief executive of Baltimore-based Legg Mason Inc., parent of Legg Mason Wood Walker, said Wright left the firm to "devote most of her time to her family.""She decided that this was the best thing for her to do," Mason said. "In time, things change. It was a decision that was probably the right thing to do, to devote her full time" to her two children.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | February 11, 1999
In celebration of Legg Mason Inc.'s 100th anniversary, Raymond A. "Chip" Mason, chairman of the Baltimore-based securities firm, rang the opening bell at the New York Stock Exchange yesterday to begin trading.Mason made the trip to New York with five other executives and directors of the brokerage and money management firm. They ate breakfast with Richard A. Grasso, the exchange's chairman and chief executive."It was an emotional high," said James W. Brinkley, president of Legg Mason Wood Walker Inc., the firm's brokerage arm, who watched as Mason rang the bell.
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