MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, February 5, 2010 Fidelity Makes Its Shadows More Dear Fidelity Investment has upped the price of its shadow shares. In an article oddly titled Fidelity Raises Internal Payouts, Reuters reported that Fidelity added $111 to the value of each executive share. As a family-run, privately owned company, Fidelity issues internal company stock to high-level employees. Although the increased sales price is likely a sign of a growing business, Fidelity has experienced some management shake-ups recently. In Jaunary, Fidelity president Roger Lawson revealed his plan to step-down, and a replacement has yet to be named. Later in the month, it was confirmed that clearing and custody chief Charles Goldman was also exiting the company. Additionally, a BusinessWeek article Wednesday noted that Fidelity has been losing mutual fund marketshare over the past 10 years. Printed from: MFWire.com/story.asp?s=24113 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |