Edward Johnson III, the man who transformed Fidelity Investments into the Wall Street and investment giant it is today, died on Wednesday at the age of 91, his family has confirmed.
"Through his vision of making investment products and services accessible and affordable to average Americans, he helped spur the explosive growth of personal investing over the past four decades." When Johnson took over in the 1970s, companies were beginning to move away from pension plans. The Individual Retirement Account, or the IRA, was created in 1974.
Fidelity Chairman and CEO Abigail Johnson interviews founder of Bloomberg L.P. and former New York City Mayor Michael Bloomberg about innovation at the Boston-based HubWeek in Boston.
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