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Monday, November 16, 2015

Abby's Pick For President

News summary by MFWire's editors

It looks like the head of the second largest mutual fund company (and largest 401(k) recordkeeper) in the world has made her choice for President of the United States for the 2016 election.

Jeb Bush
43rd Governor of Florida
Greg Ryan of the Boston Business Journal reports that, per campaign finance records, Fidelity [profile] president and CEO Abby Johnson has contributed the personal maximum ($2,700) to former Florida governor Jeb Bush's campaign. One-time Fido bigwig and current Putnam chief Bob Reynolds has publicly supported Jeb Bush, too, though the paper hasn't any record of Reynolds donating to Bush yet.

Oh, and Fidelity's political action committee has donated to two other Republican presidential candidates: $5,000 to Senator Marco Rubio (also from Florida) and $3, 500 to Senator Rand Paul (Kentucky).

Fundsters may not be surprised by Johnson's support for Bush. In 2004 she contributed to the reelection campaign of Bush's brother, then-President George W. Bush. In 2012 she contributed to former Massachusetts governor Mitt Romney's campaign. 

Edited by: Neil Anderson, Managing Editor

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