MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, June 18, 2007 Marsico Speaks Out on Buyback 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. Printed from: MFWire.com/story.asp?s=14754 Copyright 2007, InvestmentWires, Inc. All Rights Reserved |