Abigail Johnson

What Would You Do With $893 Billion?

Abigail Johnson couldn't have been handed the reins at a tougher time. It was May 2001, squarely amid the worst bear market since the 1930s, when she was promoted to president of Fidelity Management & Research and put in charge of investment operations. Who put her there? Her father Edward C. (Ned) Johnson III, whose own father founded the mutual-fund giant in 1946. So you could say she's had a comfort level most executives never enjoy. There's also the cushion of being worth nearly $10 billion as heir to the privately held Fidelity juggernaut. "She's cool and calm, and she works...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!