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Monday, December 13, 2004

Mason: A Bigger Celebrity Than Jobs?

by: Theresa Sim

Who would have thought that boring bonds would attract more attention than iPods? Apparently CBS.Marketwatch was paying close attention to Legg Mason’s other celebrity, chief executive officer Chip Mason. The site has nominated Mason as CEO of the Year, beating out Steve Jobs.

The firm's clean bill of health in a year of scandal is credited to Mason's "church and state" like separation of business units. Mason is also behind the firm's successful acquisitions, and intends to keep making smart acquisitions to bump the firm up to the top 25.

"At our size, we don't really have a choice…[i]f you want to be a major player in the world, you're going to have to be in that top group or the big, important accounts won't look at you," Mason told CBS.Marketwatch. 

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