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Thursday, July 17, 2014|
The Fool Hearts Joe Sullivan's Way
It looks like there might be a few things you can learn from Joe.
Since assuming the helm of Legg Mason, CEO Joe Sullivan is making a turnaround at the formerly beleaguered fund firm.
His performance has even garnered praise from the Motley Fool, which declared that "Although Legg Mason is still trying to get its footing back from the shakeup from the financial crisis, the management team has done a fantastic job of putting the company back on track."
Fool writer Sean Dalton also notes that "for the first time since 2011, Legg Mason's Net Client Cash flows have gone positive."
The Fool's Dalton also makes note of Legg's March acquisition of QS Investors which brought to Legg $4.1 billion AUM, and $100 assets under advisory, for $35 million.
Sullivan has been shaking up the firm's executive ranks, for example, hiring Thomas Hoops as executive vice president and head of business development.
Meanwhile, Fran Cashman and Jeffrey Mason have have supercharged Legg's sales operations.
Printed from: MFWire.com/story.asp?s=49170
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