May 4, 2005 |
Fidelity Investments named Abigail Johnson to run its retirement services business to expand the background of the executive, who is widely expected to succeed her father as leader of the world's largest mutual fund company. Johnson, 43, previously ran the company's investment management unit. Her father, 74-year-old Edward C. Johnson III, is the privately held company's chairman and chief executive.
June 29, 2005 |
Fidelity Investments' family owners recently met with financial regulators as the government probes whether gifts were exchanged for business at the world's biggest mutual fund company, according to a published report Tuesday. The Wall Street Journal, citing people familiar with the matter, said the Securities and Exchange Commission was looking into tickets that Fidelity Chairman Edward Johnson and his wife accepted from a Wall Street firm to attend a skating event at the 2002 Winter Olympics.
May 1, 1997 |
Fidelity Investments' new mutual fund chief Robert Pozen named an executive team to run its $300-billion equities investment group that's struggled with sub-par performance and manager departures. Pozen promoted three Fidelity veterans--Abigail Johnson, daughter of the company's chairman; Robert A. Lawrence; and Richard Spillane--to help oversee the equities division.
July 17, 2007 |
Fidelity Investments has named a Prudential Financial Inc. executive to its No. 2 position, reviving speculation about who eventually will succeed 77-year-old Chairman Edward Johnson to lead the world's biggest mutual fund firm.
September 8, 2005 |
Former Beatle Paul McCartney will be featured as part of a national advertising campaign for Fidelity Investments, the largest U.S. mutual fund management company, the company said Wednesday. Fidelity also will co-sponsor McCartney's 11-week U.S. concert tour, which starts Sept. 16 in Miami. The ad takes viewers through events and accomplishments of the 63-year-old musician's life.
January 3, 2008 |
At age 77, Edward "Ned" Johnson III can't keep this pace up forever. But it sometimes seems the Fidelity Investments chief hopes to. Johnson's tenure running the nation's largest mutual fund company has spanned three decades -- the only other change of leadership in 61 years at Fidelity was when Johnson took over for his father.