All the reorganizations that took place at Fidelity
in 2007 look to have made a difference to the company's bottom line. The Boston Globe
's Ross Kerber
reports that in a letter to shareholders of Fidelity's parent company FMR, Ned Johnson
attributed a 22 percent rise in pre-tax income for 2007 to improved mutual fund performance and the aforementioned reorg. The company made $2.2 billion in 2007, compared with $1.8 billion in 2006.
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