Legg Mason CEO Sullivan Earned $7.3 Million in Fiscal 2013

Legg Mason Inc. (LM) paid Joseph A. Sullivan, who was named interim chief executive officer in October before being permanently appointed to the position in February, $7.3 million in fiscal 2013.

Sullivan received $425,000 in salary, $2.7 million in a cash bonus, $3.8 million in stock awards, $330,000 in option awards and $67,983 in other compensation in the year ended March 31, the Baltimore-based money manager said today in a filing that calculated pay using U.S. Securities and Exchange Commission rules.

To contact the reporter on this story: Alexis Leondis in New York at aleondis@bloomberg.net

To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net

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