The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Franklin President Takes Leave Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, October 3, 2002

Franklin President Takes Leave

by: Sean Hanna, Editor in Chief

A Johnson family scion is taking a leave of absence from his post at Franklin Resources after running into troubles with the law over the weekend. The firm made the anouncement about Charles "Chuck" Ender Johnson, co-president and director of the Palo Alto-based fund firm, yesterday afternoon.

Johnson is the son of Franklin CEO Charles B. Johnson.

Martin Flanagan and Gregory E. Johnson, both of whom are members of the office of the president, will take over Chuck Johnson's duties on an interim basis.

Johnson faces numerous felony charges that carry up to 10 years in prison. San Mateo County prosecutor Sheryl Wolcott said that Johnson attacked his wife twice over the weekend. In one attack, he allegedly smashed her face into a stove, breaking her orbital socket and causing her to be hospitalized on Sunday night, reported the San Jose Mercury News.

She has since been released from the Peninsula Medical Center where Johnson had brought her Sunday.

Johnson was arrested twice by police. The first time was after hospital workers called local police after seeing the extent of her injuries on Sunday. Johnson was then released on $25,000 bail with the condition of an emergency restraining order.

The prosecutor said that Johnson then repeatedly called his wife at home. She responded by requesting a police guard at the family house. Johnson was then arrested a second time at 5:30 AM the next morning after arriving in the driveway of his home in violation of the restraining order.

Johnson then paid the second $150,000 bail in cash.

Prosecutor Wolcott has since brought charges in another alleged attack that took place roughly six months ago, according to his wife. One of three his children, who are minors, is a witness to that attack, according to the prosecutor.

Johnson has pleaded not guilty to all of the charges, and he has been released on $150,000 bail. His next court appearance will likely be on November 4 for a preliminary hearing in the South San Francisco branch of the San Mateo County Superior Court.

"We consider these domestic dispute charges to be very serious, however, this is a matter that must be resolved between Chuck Johnson, his family and the authorities," read a release from Franklin Resources. "This matter is unrelated to the business of the company or its mutual funds and client investment portfolios. We have every hope that Mr. Johnson will be able to work through this situation with his family."  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. MFDF webinar - Latest Updates In Mutual Fund Litigation and Enforcement, June 6
  2. Pershing Insite 2023, Jun 6-8
  3. Nicsa webinar - The Journey From Networking to Sponsorship, June 7
  4. MFDF webinar - SEC Staff Panel, Division of Examinations — IC Issues and Considerations For Fund Boards, June 8
  5. Expect Miracles East Coast Classic, June 8
  6. 2023 MMI Alternative Investments Forum, June 13
  7. WE DC - ESG Panel Discussion, June 13
  8. Nicsa Fearless Leadership Symposium, June 14
  9. MFDF Director Discussion Series - Open Forum (Denver), June 20
  10. The Ben Graham 10th Annual Conference, Jun 20-21
  11. IDC Industry Segment Call - Governance Committee Chairs, June 21
  12. Crane Data's Money Fund Symposium, Jun 21-23
  13. IDC Industry Segment Call - Board Leaders, June 22
  14. 2023 MMI Distribution Leadership Forum, Jun 22-23
  15. MFDF webinar - Closed-End Fund Litigation Overview and Update, June 27
  16. MFDF Director Discussion Series - Open Forum (Atlanta, GA), June 28
  17. MFDF Director Discussion Series - Open Forum (Kansas City), June 30
  18. MFDF Director Discussion Series - Open Forum (New York), July 18
  19. 2023 MMI Leadership Pathway Seminar, Jul 19-20
  20. MFDF webinar - Generative AI — It's Here, July 20
  21. MFDF Director Discussion Series - Open Forum via Zoom, July 27
  22. MFDF Director Discussion Series - Open Forum (Milwaukee, WI), August 8
  23. MFDF Improving Equity Fund Alpha Estimates, September 13
  24. 4th Annual ETFGI Global ETFs Insights Summit - United States, Sep 20-21
  25. MFDF webinar - Introduction to Retail Private Markets Funds: Structures to Access Private Equity, Private Credit, Infrastructure and Real Estate Investments, September 27
  26. Expect Miracles Atlanta Coast Classic, October 2

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use