has upped the price of its shadow shares. In an article
oddly titled Fidelity Raises Internal Payouts
reported that Fidelity added $111 to the value of each executive share. As a family-run, privately owned company, Fidelity issues internal company stock to high-level employees.
Although the increased sales price is likely a sign of a growing business, Fidelity has experienced some management shake-ups recently. In Jaunary, Fidelity president Roger Lawson
revealed his plan to step-down, and a replacement has yet to be named. Later in the month, it was confirmed that clearing and custody chief Charles Goldman
was also exiting the company.
Additionally, a BusinessWeek article
Wednesday noted that Fidelity has been losing mutual fund marketshare over the past 10 years.
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