Filed under: Mutual funds

This post is one of several on business heirs apparent. Let us know in the comments whether you think Abigail Johnson should take up the reigns of Fidelity, and be sure to check out the other heir apparent posts.

I covered the mutual fund business for about six years in the 1990s, when Fidelity Investments was all the rage. It had the most star managers, the best performing funds and by far the most assets. It had the awe-inspiring Fidelity Magellan! And that was nothing to sneer at back then.

So it was with great interest when I learned that Abigail Johnson, the daughter of CEO ‘Ned’ Johnson (himself an heir to Fidelity), and a woman near my age (she’s 46), was being primed to take over the company. I have been cheering for her ever since. (Even as I wonder if the only way a woman can get to the top of a major financial services firm is by having her father run the place).

Continue reading Heir apparent: Abby Johnson could take reins at Fidelity from dad one day

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This entry was posted on Sunday, March 23rd, 2008 at 4:06 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.