Nelson Peltz back for a second stint on Legg Mason’s board

//Nelson Peltz back for a second stint on Legg Mason’s board

Nelson Peltz back for a second stint on Legg Mason’s board

Nelson Peltz is back on the board of Legg Mason Inc. and it did not take a proxy battle to make it happen. The activist investor known for pushing executives to make changes that improve a company's share prices has reached a deal with Baltimore-based Legg Mason Inc. that will net his fund three seats on the money manager's board of directors. Peltz's New York hedge fund, Trian Fund Management L.P., and Legg Mason announced an agreement late Monday after about a week of rumors. Trian has a 4.5…

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By | 2019-05-20T23:26:27+00:00 May 20th, 2019|Economics|

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