Legg Mason CEO Mark Fetting's 2009 pay jumps 39% to $6.6M
Legg Mason reports 2009 executive compensation
By ExecPay News
Published: June 22, 2009
Legg Mason reported fiscal year 2009 executive compensation information on June 22, 2009.
In 2009, six Legg Mason executives received on average a compensation package of $3.9M, a 7% decrease compared to previous year.
Average pay of disclosed executives at Legg Mason
Mark R. Fetting, Chief Executive Officer, received $6.6M in total, which increased by 39% compared to 2008. 52% of Fetting's compensation, or $3.4M, was in stock awards. Fetting also received $950K in bonus, $1.6M in option awards, $500K in salary, as well as $32K in other compensation.
Peter L. Bain, Former Senior Executive Vice President, received a compensation package of $5M, which increased by 22% compared to previous year. 54% of the compensation package, or $2.7M, was in bonus.
David R. Odenath, Senior Executive Vice President, earned $4.4M in 2009.
Mike Abbaei, Former Executive Vice President, received $2.7M in 2009, which decreases by 38% compared to 2008.
Charles J. Daley, Jr, Chief Financial Officer, earned $2.5M in 2009, a 8% increase compared to previous year.
Joseph A. Sullivan, Senior Executive Vice President, received $2.1M in 2009.
Legg Mason's fiscal year ends on March 31.
Related executives
Mark Fetting
Legg Mason
Chief Executive Officer
Charles Daley
Legg Mason
Chief Financial Officer
Mike Abbaei
Legg Mason
Former Executive Vice President
Peter Bain
Legg Mason
Former Senior Executive Vice President
David Odenath
Legg Mason
Senior Executive Vice President
Joseph Sullivan
Legg Mason
Chief Executive Officer
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Source: SEC filing on June 22, 2009.