1. QUOTE from:
    Peltz's seat on Legg board not sure sign of change
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    But now, Peltz's presence on the board -- Legg expanded the size to 14 from 13 members to give Peltz a seat -- may have a stabilizing effect. "Peltz has gone after big companies before and a lot of Legg Mason investors will probably be comforted by the fact that he is in the board room" said Keith Gottfried, a partner at the law firm Blank Rome LLP who specializes in shareholder activism. Full Article at Reuters
    Peltz has gone after big companies before and a lot of Legg Mason investors will probably be comforted by the fact that he is in the board room
    SOURCE: Reuters 1 month ago
All quotes from:
Peltz's seat on Legg board not sure sign of change
  1. He now has a seat at the table and he can make noise, but he doesn't have control of the room.
    SOURCE: Reuters 1 month ago
  2. Peltz may initially have had a spin-out or sale of some of the units in mind when he took his position. However, he is probably likely to remain somewhat passive for now given how most of Legg Mason's managers are experiencing better performance
    SOURCE: Reuters 1 month ago

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