Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Franklin President Takes Leave Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 3, 2002

Franklin President Takes Leave

by: Sean Hanna, Editor in Chief

A Johnson family scion is taking a leave of absence from his post at Franklin Resources after running into troubles with the law over the weekend. The firm made the anouncement about Charles "Chuck" Ender Johnson, co-president and director of the Palo Alto-based fund firm, yesterday afternoon.

Johnson is the son of Franklin CEO Charles B. Johnson.

Martin Flanagan and Gregory E. Johnson, both of whom are members of the office of the president, will take over Chuck Johnson's duties on an interim basis.

Johnson faces numerous felony charges that carry up to 10 years in prison. San Mateo County prosecutor Sheryl Wolcott said that Johnson attacked his wife twice over the weekend. In one attack, he allegedly smashed her face into a stove, breaking her orbital socket and causing her to be hospitalized on Sunday night, reported the San Jose Mercury News.

She has since been released from the Peninsula Medical Center where Johnson had brought her Sunday.

Johnson was arrested twice by police. The first time was after hospital workers called local police after seeing the extent of her injuries on Sunday. Johnson was then released on $25,000 bail with the condition of an emergency restraining order.

The prosecutor said that Johnson then repeatedly called his wife at home. She responded by requesting a police guard at the family house. Johnson was then arrested a second time at 5:30 AM the next morning after arriving in the driveway of his home in violation of the restraining order.

Johnson then paid the second $150,000 bail in cash.

Prosecutor Wolcott has since brought charges in another alleged attack that took place roughly six months ago, according to his wife. One of three his children, who are minors, is a witness to that attack, according to the prosecutor.

Johnson has pleaded not guilty to all of the charges, and he has been released on $150,000 bail. His next court appearance will likely be on November 4 for a preliminary hearing in the South San Francisco branch of the San Mateo County Superior Court.

"We consider these domestic dispute charges to be very serious, however, this is a matter that must be resolved between Chuck Johnson, his family and the authorities," read a release from Franklin Resources. "This matter is unrelated to the business of the company or its mutual funds and client investment portfolios. We have every hope that Mr. Johnson will be able to work through this situation with his family."  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use