It took Abigail Johnson 25 years to take charge at Fidelity Investments, the money manager controlled by her father. As she picks a new head for the firm's asset-management unit, her choice is likely to be a company veteran who rose through the ranks like she did.
Plus, employees buy Montag & Caldwell from BNP Paribas.
It's not for lack of effort that the Boston behemoth's culture is just average.
Plus, news on TIAA-CREF, Columbia, Torray, Fidelity, Gabelli, more.