Legg Mason (LM -1.5%) slides following the appointment of interim CEO Joe Sullivan as CEO....

|About: Legg Mason Inc. (LM)|By:, SA News Editor

Legg Mason (LM -1.5%) slides following the appointment of interim CEO Joe Sullivan as CEO. Investors who bought shares thanks to the activism of board member Nelson Peltz may be disappointed with the status quo choice, but, says Citi's Bill Katz, Mr. Sullivan is not without a solid track record in his time as interim head of the company.