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Rating:O'Hanley Defends Fido From Lawmakers Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, March 29, 2011

O'Hanley Defends Fido From Lawmakers

News summary by MFWire's editors

Massachusetts governor Deval Patrick already tried to take on Fidelity [see profile] over its plans to shut an office, and now the Massachusetts legislature is taking a swing.

The Boston Globe's Todd Wallack reports that lawmakers, including State Senator Mark Montigny (D-New Bedford), will hold their hearing this morning on the targeted tax breaks that Fidelity (and others) have received to spur job creation in the state.

Fidelity president Ronald O'Hanley will speak for the Boston Behemoth, which recently revealed that it will shutter its 1,100-employee Marlborough, Massachusetts operations by the end of next year and move the jobs mostly to New Hampshire and Rhode Island (as well as Boston). O'Hanley even offered a preview of his testimony.

"We have chosen to be here and we are one of the few large national companies that are headquartered in Massachusetts," O'Hanley reportedly said. "Massachusets remains very important to Fidelity and we hope and believe Fidelity will continue to be important to Massachusetts. 

Edited by: Neil Anderson, Managing Editor

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