Fidelity’s Abby Johnson Is Tightening Screws After Layoffs at London Outpost

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The news quickly spread through Fidelity in London: Abigail Johnson, heir to the US fund giant founded by her grandfather, was tightening the screws on the family empire.

Anxious employees at Fidelity International, a globe-spanning business based in Bermuda and run out of London, began eying the door. Soon dozens were getting nudged out. Then the face of the operation, Chief Executive Officer Anne Richards, resigned.

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