MutualFundWire.com: Would Abby Guide This Chastened Manufacturer?

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Tuesday, October 2, 2018

Would Abby Guide This Chastened Manufacturer?

Perhaps Abby Johnson can come to the rescue of a manufacturer recently smote by the SEC.

Abigail Pierrepont Johnson
FMR LLC (dba Fidelity Investments)
Chairman, CEO

The Wall Street Journal muses that Johnson, CEO of Fidelity Investments [profile] (and its largest shareholder), could be "a good fit" for becoming the next chair of Tesla, as Fidelity "is a longtime Tesla investor." Yet the paper notes that Johnson "recently said her job requires her full attention."

On Saturday Tesla's high profile chairman and CEO, Elon Musk, settled with the SEC over fraud charges regarding his tweeting about the company. As part of the settlement, Musk agreed to step down as chairman, so the Tesla investors and board need to find a replacement.

The WSJ muses about a number of possible new Tesla chairs in addition to Johnson, including: famed investor Warren Buffett, former Ford CEO Alan Mulally, outgoing Pepsi CEO Indra Nooyi, and Starbucks chief Howard Schultz. And the paper shares some quotes from Johnson about running companies.

"The right chairman is someone who can balance the bravado with the cold, hard truth that Elon Musk can't save the world alone," the paper writes.

Printed from: MFWire.com/story.asp?s=58691

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