MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, June 29, 2018 Happy 88, Ned Ned Johnson and his family have good cause to celebrate this weekend. Today is the former Fidelity chief's 88th birthday, as noted by the Boston Globe. Edward C. Johnson III joined the Boston Behemoth in 1957. In 1977, Ned took over as chairman and CEO from his father, Fidelity founder Edward C. Johnson II, and Ned reigned for 37 years. In that time Fidelity grew into a financial services titan across a host of different business lines and revolutionized the 401(k) industry with its bundled mutual fund platform, and it grew to be the largest mutual fund company and 401(k) recordkeeper in the world (it retains the latter title but has slipped to number three among fund firms, number four if you count ETFs). In 2014 Ned passed the CEO job to one of his daughters, current chief Abby Johnson. In 2016 Ned handed Abby his final hat, chairman. Printed from: MFWire.com/story.asp?s=58279 Copyright 2018, InvestmentWires, Inc. All Rights Reserved |