Anything to the rumor that she will leave in the next 3-6 months?
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@OP There has been a rumor that one of her two daughters died in December in a hotel room, which if true is awful and my sincere condolences. Rumor also has it that this info is being scrubbed from the internet. I could not understand why this would be unless you consider if Abby is about to sell and is avoiding presenting as a mourning Mother is ensure she is not vulnerable at the negotiation table. If it is true, I hope she sells and enjoys the rest of her life. No one needs more money. But we all need more time.
@10w apparently you haven't worked at other companies, privately owned or public. Abby at least is generous and level headed when it comes to hyped up technologies some goons trying to push.
She should retire. I’m tired of looking at her awkward videos where she reads off a piece of paper and her weird neck and snaggle teeth. Making everyone come back to sit in zoom calls. Saying “tough decisions were made”. The day after I leave is the day I pull all my money and while it might not be much to someone who is worth billions, it all adds up. I’m not leaving one penny.
If it was your family’s company and you were making bank would you leave?
@np don’t be shy, just @ leap 2016/2017 systems analyst tracks with this age estimation for product mangers? Im almost certain you are an engineer who fundamentally hates product.
Sounds very, specific… especially considering i have never known a single product manager to be hired outside of the firm under 50 years old. These associates are few and far between at this 32 age. a PM role isn’t handed to just anyone the same way engineers experience faster promotions. The PM role didn’t even exist in the Spotify model which is what makes the argument even weaker.
I am willing to bet the majority left in a product role ~32 years of age came from leap 2016/17. This is a very small group of people, mostly women if any of them are even left! “This would be fine if” so then go switch to a startup? This is such a tired debate.
& any one who has stayed has endured 10 years of being told product teams will go away or no longer lead orgs. They’ve been blamed for VBOs, layoffs, role changes and more. They are labeled “pencil pushers” despite having nearly a decade of experience under their belt of software delivery. And did i mention QA? Yea, they laid off entire departments when leap joined and product was responsible as well.
If you survived 10 years in a space that has been slowly eliminating roles in your scope of work - you deserve that PM title. You are still there for a reason. And that reason is, engineers can’t effectively communicate with internal stakeholders. They actual have trouble communicating with their own engineering peers. Just take a look at some of the comments on their very own pull requests. They don’t even respect one another never-mind their non technical 32 year old “resources”
If someone tries to tell you different, challenge any engineer closest to you with the same amount of experience to present a live demo to will danoff. Good luck with that rockstar. He’s known for throwing laptops so dont forget to DUCK.
Fidelity is anti anyone over 55 (except for Abby,) This is fine if it were a young start-up hot tech company but I really want to speak with a knowledgeable professional when it comes to my money. The trading platform is easy to use and yes they make money whether you buy or sell but everything else from HR to some of the product managers who are all of 32 years old concerns me .
who is common? I've seen this in a few posts now.
Ah common , she's trying hard to catch musk, her A0's are trying to make Forbes list... Peons are in the harm's way, good riddance to them
Why Fidelity remains a private company:
https://youtu.be/X7QR_zfdj8o?si=eZQytiFRmvmlfaPS
They don’t and will never need the capital. She would never sell, and she will never truly retire.
I feel like she chuckled quite uncomfortably at the question in this interview because in 2005 she attempted a boardroom takeover against her father regarding this topic exactly. She had majority support from her siblings and some board allies. That was until Ned called a board meeting to issue more stock. Which allowed him to keep his chairmanship & control. He stepped down in 2014 which is when Abby took over.
He then officially retired as chairman but still held the Chairman Emeritus title for nearly six years until his passing in March 2022. She’ll follow his blueprint so don’t hold your breath & be careful what you wish for.
Going public typically leads to larger layoffs in the future due to pressure from shareholders.
She’s 64 and makes over 10 billion in profit a year. Why would she ever need to sell?
Not a chance and she will never sell or go public and has been quite vocal about this in the limited interviews she does, so I’m not sure where this rumor stems from besides just speculation about her age.
Abby won’t sell, she won’t retire. Her daughter will succeed her eventually, don’t shoot the messenger, I’m surprised this isn’t common knowledge within the firm.
I have no idea or any way to evaluate the probably on a futures market.
Given the fact that she can't seem to competently operate a modern company and would rather Fidelity run like a company like she was doing business in a pre-1995 competitive marketplace, I'd guess that it's more likely her exit will come from her own family forcing her out they she forced out her father.
If that happened, I'd celebrate the event with champaign.
She's only 64. Seems unlikely.
Makes sense, feel like they are selling to a strategic investor. Want to make the Financials look good to maximize value. Thus why all the changes lately.