Legg Mason Is Said to Name Sullivan CEO After Five-Month Search

Legg Mason Is Said to Name Sullivan CEO After Five-Month Search

Andrew Harrer/Bloomberg

The Legg Mason Inc. headquarters stands in Baltimore, Maryland. Legg Mason this month reported a loss of $453.9 million, or $3.45 a share, for the three months ended Dec. 31, the biggest quarterly shortfall since it posted a $1.5 billion loss at the end of 2008.