How much of Fidelity does the Johnson family own?
This ownership structure means that the Johnson family has a significant influence on Fidelity Investments’ operations. The family’s control of the majority of the company’s voting shares gives them the power to appoint the board of directors and the CEO. This ownership structure ensures that the company remains family-controlled, which is important for maintaining the company’s long-term vision. This structure allows for a continuity of leadership, which is critical in the financial services industry.
Fidelity’s unique ownership structure is based on the belief that long-term success is best achieved through a combination of family ownership and employee ownership. This approach fosters a culture of long-term thinking and commitment to both the company’s success and the financial well-being of its employees. The Johnson family’s commitment to the company and its employees is evident in their commitment to employee ownership, which has been a cornerstone of Fidelity’s culture for decades. This commitment to both family and employee ownership has been a key factor in Fidelity’s success in the competitive financial services industry.
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