Edward Johnson III, 에드워드 존슨 3세, 죽다 91

뉴욕 (CNN 사업)에드워드 “네드” 에드워드 존슨 3세, who oversaw Fidelity Investmentstransformation into a financial services powerhouse and pioneered the sale of mutual funds directly to individual investors, died Wednesday. 그는 ~였다 91 살이에요.

Johnson died in Florida surrounded by family, according to Fidelity.
He was a visionary, an innovator, and a philanthropist who had tremendous curiosity about the world around him and who lived his life to the fullest each and every day,” the Johnson family said in a statement. “To the end, he never lost his enthusiasm, his sense of humor, or his energetic spirit.
    Johnson served as chairman and CEO of Fidelity Investments, the company his father started, for over 40 연령, and transformed the Boston-area mutual fund manager into the second-largest investment management company in the US and one of the most successful diversified financial services firms in the world.
      When Johnson became president in 1972, Fidelity had $ 3.9 billion in assets under management. When he retired as chairman in 2016, 그 had ballooned to $ 2.1 trillion with another $ 5.7 trillion in assets under administration.
          회사, now led by his daughter Abigail Johnson, 가졌다 $ 11.1 trillion in assets under administration, as of its February filing.
          During his time at the helm of Fidelity, Johnson helped revolutionize the way Americans save and plan for retirement by making Wall Street more accessible to all investors.
          에 1974, he broke the mold by selling mutual funds directly to individual investors instead of through traditional brokers. After the 401(케이) was created by Congress in 1978, he introduced a retirement fund management system, which is now a foundational element of millions of Americans’ 은퇴 계획. As the stock market began a sustained period of growth in the 1980s, Fidelity was the first companies to supply discount brokerage services to individuals. 에 1995, it became the first fund company to create a website.
          He was playing three-dimensional chess when other people were playing checkers,” said Sanjiv Mirchandani, the former president of Fidelity InvestmentsNational Financial Services, in an internal memorial video created by Fidelity. “He thought several moves ahead and thought of all of the variables, but he also recognized that in a world of uncertainty and complexity that you need a true north, you need a compass.
          Johnson was born at the beginning of the Great Depression in Boston and graduated from Harvard in 1954. He joined his father’s firm in 1957 as a research analyst and became chairman and CEO after his father retired in 1976. Through his tenure at Fidelity, he amassed a personal fortune of $ 13.6 십억, the majority of which came from his 12% stake in the company, 에 따르면 Bloomberg Billionaires Index.
          Johnson was also known for his interest in the arts and philanthropy. He was a collector of antique Japanese and Chinese art and a major donor to the Peabody Essex Museum in Salem, 매사추세츠 주, and the Museum of Fine Arts in Boston. 에 1991, Johnson created Fidelity Charitable, the first national donor-advised fund.
            He loved his family, his coworkers, 작업, the stock market, art and antiquities, 큰 스포츠를 봐, skiing, 항해, 역사, and a good debate,” wrote Abigail Johnson, who took over as the firm’s CEO in 2014, in a LinkedIn post. “He could be counted on to have the contrarian view on just about anything.
            Johnson is survived by his wife Elizabeth (Lillie), his children Abigail, 엘리자베스, and Edward, 그리고 그의 7 grandchildren.

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