FYI: Abigail Johnson will succeed her father as chairman of Fidelity Investments early next month, solidifying her control of the Boston money manager.
The move caps Johnson’s ascent to the top of a firm founded by her grandfather and led for decades by her father. She was named CEO in 2014.
Fidelity, known for its roots in stockpicking and as a home to the likes of star managers such as Peter Lynch and William Dannoff, is one of the largest mutual-fund firms confronting broad industry transformations. Investors are pouring growing sums into market-mimicking funds as fund managers continue to undercut each other on fees and new regulation is poised to redefine some longstanding distribution practices.
Regards,
Ted
http://www.marketwatch.com/story/fidelity-ceo-abigail-johnson-to-become-chairman-as-well-2016-11-21/print
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#29 Forbes 400 (2016)
#31 in 2015
#16 Power Women (2016)
The Richest Person In Every State (2016)
#65 Billionaires (2016)
#29 in United States
2016 Forbes 400 Net Worth
$13.2 Billion
President-CEO, Fidelity Investments
Age 54
Source Of Wealth money management
Self-Made Score 3
Residence Milton, MA
Citizenship United States
Marital Status Married
Children 2
Education Bachelor of Arts / Science, Hobart and William Smith; Master of Business Administration, Harvard Business School
http://www.forbes.com/profile/abigail-johnson/?list=forbes-400
#76 Charles Schwab
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#156 Donald Trump
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