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Rating:Marsico Speaks Out on Buyback Not Rated 2.0 Email Routing List Email & Route  Print Print
Monday, June 18, 2007

Marsico Speaks Out on Buyback

by: Erin Kello

The WSJ follwed up their Friday article about Tom Marsico by talking to the man himself. Last Friday, the MFWire and the WSJ, among other news outlets, reported that after seven years, Marsico decided to buy back his company from Bank of America for an undisclosed amount. Speaking to The Journal's Tom Lauricella, Marsico said he did the deal to give his employees a more direct stake in the company. "We think that it's important for our culture that you maintain good people and feel that compensation is competitive," Marsico told Lauricella in an interview published Monday. The deal is expected to close in the fourth quarter. 

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