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https://www.wsj.com/articles/fidelity-once-stodgy-and-adrift-bets-on-the-reddit-crowd-11643125668?mod=article_inline
Submission: On April 30 via api from CH — Scanned from DE
Submission: On April 30 via api from CH — Scanned from DE
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<form method="GET" action="https://tr.snapchat.com/cm/i" target="snap07625876113105208" accept-charset="utf-8" style="display: none;"><iframe id="snap07625876113105208" name="snap07625876113105208"></iframe><input name="pid"></form>Text Content
Skip to Main ContentSkip to SearchSkip to... Select * Listen to Article * What To Read Next SubscribeSign In https://www.wsj.com/articles/fidelity-once-stodgy-and-adrift-bets-on-the-reddit-crowd-11643125668 Fidelity Investments CEO Abigail Johnson at the Allen & Co. Sun Valley conference in July 2019. Drew Angerer/Getty Images Markets FIDELITY, ONCE STODGY AND ADRIFT, BETS ON THE REDDIT CROWD ABBY JOHNSON, A CEO SOME DOUBTED, HAS LIFTED THE FIRM’S PROFITS WHILE RESHAPING IT FOR THE GENERATION OF YOUNG INVESTORS SPURRED BY THE PANDEMIC Fidelity Investments CEO Abigail Johnson at the Allen & Co. Sun Valley conference in July 2019. Drew Angerer/Getty Images By Justin Baer Updated Jan. 25, 2022 5:51 pm ET Share Text 146 Responses Your browser does not support the audio tag. Listen to article Length (2 minutes) AD Loading advertisement... 00:00 / 01:59 1x This article is in your queue. Open Queue Fidelity Investments Chief Executive Abigail Johnson, granddaughter of the financial behemoth’s founder, checks the pulse of the investing world from an unlikely place these days: Reddit’s stock-picking forums. Not long ago, Fidelity appeared to some adrift and old-fashioned. Profits were down. Its mutual funds’ star stock pickers were losing clients. A firm that once stood as the world’s biggest money manager had slipped behind BlackRock Inc. and Vanguard Group. Some inside the family-controlled firm worried Ms. Johnson wasn’t bold enough to lead it. To Read the Full Story Subscribe Sign In CONTINUE READING YOUR ARTICLE WITH A WSJ MEMBERSHIP SPECIAL OFFER €2 PER MONTH FOR 1 YEAR View Membership Options RESUME SUBSCRIPTION We are delighted that you'd like to resume your subscription. You will be charged $ + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call Customer Service. You will be notified in advance of any changes in rate or terms. You may cancel your subscription at anytime by calling Customer Service. Please click confirm to resume now. Confirm Customer CenterSubscriber AgreementPrivacy NoticeCookie Notice© 2022 Dow Jones & Company, Inc. All Rights Reserved.