James Hirschmann Wamco CEO

Some may say that Hirschmann's best bet on the market could be the one he turned down. Rumored to be the heir to Legg Mason scion Chip Mason, Hirschmann reportedly turned the CEO job down (it went to Mark Fetting instead). Instead he opted to remain in the top job at Wamco, a Legg Mason-owned bond specialist. With Legg's Bill Miller losing his luster during the 2008 stock market collapse, Wamco is now the most important business at Legg. 

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