Story perspectives

Abigail Johnson Steers Fidelity Through Turbulent Times

4/17/2026

Summary

Story summary

In 2005, Edward Johnson III, Fidelity Investments CEO, sent Marvin Mann, a Fidelity trustee, to inform Abigail Johnson she would lose her job.
This action marked the beginning of a turbulent period for Fidelity, a major investment firm.
Today Fidelity manages approximately $18 trillion in assets and serves one in five U.S. adults.
Abigail Johnson, 64, has succeeded her father as chairman, overseeing Fidelity's investments and keeping it privately held.

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Story summary

In 2005, Edward Johnson III, Fidelity Investments CEO, sent Marvin Mann, a Fidelity trustee, to inform Abigail Johnson she would lose her job.
This action marked the beginning of a turbulent period for Fidelity, a major investment firm.
Today Fidelity manages approximately $18 trillion in assets and serves one in five U.S. adults.
Abigail Johnson, 64, has succeeded her father as chairman, overseeing Fidelity's investments and keeping it privately held.