Abigail Johnson, daughter of Edward (Chrmn & CEO, Fidelity) , may be getting squeezed out of the top job after her pops retires. The new succession plan from Fidelity has her taking the chairman role, but not the CEO spot.
Twenty years with the company, HBS degree, a royal bloodline, and this is how you get treated?
The media has been trying to get into this story for a few years, resulting in at least one candidate for the most elaborate, embarrassing corrections I’ve ever seen. Well, here it is, complete with this bit of soft misogyny from a fellow Fidelity employee:
Ms. Johnson drives herself to work in Marlborough, 40 miles outside Boston, where she oversees thousands of employees in the personal and workplace investing division. …
“She was late one morning to a meeting, and said she got a flat and changed her own tire,” Jack Callahan, who oversees Fidelity’s registered investment advisers, said in an interview earlier this year.
I’ll bet she can probably even start a gas grill, just like the menfolk.
