Stories
Stories
Elevating Women at Fidelity
Photo by Susan Young
Photo by Susan Young
In the wake of sexual harassment allegations at Fidelity, Abby Johnson (MBA 1988) has stepped up a concerted effort to promote women within the 72-year-old firm, according to Bloomberg.
"A year ago Fidelity came under media scrutiny after it dismissed a prominent stock picker who had been accused of sexual harassment by a junior female employee. While the firm had named women to leadership positions and fund management roles before the misconduct allegations, the incident spurred Johnson to look even more closely at female talent for promotions."
In 2018, about 30 percent of the fund manager appointments in the company’s stock group went to women—the high-water mark of the last five years. Among the handful of women tapped to manage portfolios in excess of $1 billion, Nidhi Gupta (MBA 2008) was elevated to manage $7.8 billion in tech assets.
Johnson continues to improve the imbalance by identifying talent from within and expanding the firm’s recruiting efforts at colleges and universities.
In an effort to shake up Fidelity’s “cliquey culture,” Bloomberg reports that Johnson moved her office to be near the money managers on the 11th floor and required them to go through unconscious-bias training.
And yet she acknowledges that much work remains to be done: The percentage of men who manage funds—86—still far overshadows that of women.
Post a Comment
Related Stories
-
- 15 Dec 2023
- Making A Difference
Like-Minded
Re: Miwa Matsuo (MBA 1993); Yumiko Murakami (MBA 1994) -
- 01 Dec 2022
- HBS Alumni Bulletin
In My Humble Opinion: Natural Fit
Re: Anouk Patty (MBA 1997); By: Julia Hanna -
- 01 Dec 2022
- HBS Alumni Bulletin
Research Brief: Pocket Change
Re: Vincent Pons (Byron Wien Professor of Business Administration); By: Jill Radsken -
- 05 May 2022
- HBS Alumni News
Like-Minded
Re: Yumiko Murakami (MBA 1994); Miwa Matsuo (MBA 1993)
Stories Featuring Abby Johnson
-
- 18 Dec 2020
- Forbes
HBS Alumnae Named to “Most Powerful Women” List
Re: Mary Erdoes (MBA 1993); Jane Fraser (MBA 1994); Amy Hood (MBA 1999); Aileen Lee (MBA 1997); Abby Johnson (MBA 1988); Sheryl Sandberg (MBA 1995); Shemara Wikramanayake (AMP 150) -
- 01 Oct 2018
- Making A Difference
Learning About Leadership
Re: Abby Johnson (MBA 1988) -
- 01 Jun 2018
- HBS Alumni News
Alumni Achievement Awards
Re: Claudio Haddad (OPM 12); Carla Harris (MBA 1987); Chris Howard (MBA 2003); Abby Johnson (MBA 1988); John Paulson (MBA 1980)
More Stories Featuring Abby Johnson
