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" I believe in pay for performance. "

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" My kids are exhausted every day, and I keep them that way. It's gym, ice, homework. They're too tired to get in trouble. "

" Legg Mason's structure is misunderstood by the market. Legg Mason has an affiliate model. They own 100% of their affiliates, which are investment managers such as Permal, Western Asset Management, and Royce. "

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" I love women. "

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" It appears that PepsiCo views structural change as a sign of weakness, an admission of failure, and an untenable break with past traditions. "

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" If I'm on the board of any company where there's an offer that comes in, I want to negotiate. "