Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Abby Johnson leaves Fidelity's board but...
Old 12-25-2005, 11:00 AM   #1
Moderator Emeritus
Nords's Avatar
Join Date: Dec 2002
Location: Oahu
Posts: 26,727
Abby Johnson leaves Fidelity's board but...

I've copied this link from FundAlarm's "Ted".* (For those of you who don't read FundAlarm, Ted has bookmarked over 350 financial publications that he runs through daily, and he probably puts up over 25 posts a day to create one of the world's best financial digests.)* I get a lot of my best reading done with Ted.

Abby Johnson has basically left Fidelity's mutual-fund management division and is now running their "employer services".* (Fidelity makes most of their money from running 401(k)s).* Her successor has made sweeping changes and she's given up a lot of her equity as part of the move, so there's been some debate that she's not getting along with dear ol' 75-year-old super-controlling dad.

Or maybe she is.* By resigning from Fidelity's board without a replacement, 77 percent of the trustees' members will be independent-- up from 71 percent and above the 75 percent threshold called for by new SEC rules.

In a stunning coincidence, 77% of the Nords family's net worth is with Fidelity this year, up from 71%.* I guess that means that they're aligned with our best interests?

Spring 2020: my daughter and I wrote “Raising Your Money-Savvy Family For Next-Generation Financial Independence.”
Author of the book written on "The Military Guide to Financial Independence and Retirement."

I don't spend much time here— please send a PM.
Nords is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Why in the world would you post to (eeeuw) a discussion board?!? Nords Other topics 88 08-22-2006 11:08 PM
This keeps getting deleted at the other board iwanttoretire FIRE and Money 12 03-20-2005 04:21 AM

» Quick Links

All times are GMT -6. The time now is 06:32 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2020, vBulletin Solutions, Inc.