Why Fidelity Remains a Private Company

Sep.27 -- Fidelity Chairman and CEO Abigail Johnson discusses the company and her family's decision to keep the company private, with ownership shared between her family and employees. She speaks to David Rubenstein for "The David Rubenstein Show: Peer-to-Peer Conversations."

[@RacinJason]

I've always wondered about Fidelity being a private company. She made some interesting points though. Why go public if you don't need the money? Why change the focus of long term investing to todays typical....beat the quarter estimate. I also like how the employees are owners in the company.

[@GTMcKean]

She can also cover up for their brutal violent child abuser William Danoff who single-handedly manages the most money on Wall Street. He remains largely unknown in the investment community as Barrons magazine points out, and has a smiley face collection.

[@Discovery_and_Change]

Abigail age 55 at time of interview
2:06 "acquisitive" - relating to or involving acquisition (of money, material things, etc.)

[@Rocko1II]

Being public ruins companies. Short term thinking.

[@ChamandyBeats]

with all that money can shorty get braces?

[@edwardbienaime6787]

And this is my inscription also fidelity investment happy holidays hu

[@maricelaquino2656]

In God's will

[@ryanjohnsison2817]

Ok

[@edwardbienaime6787]

Edward bienaime original founder through major investing
neiman marcus designer clothing cars and more even the stock market said it as a boy i would minipulate currency for the fedreal bank hopeing to start my on bank line and own kings hyw and kings island

[@edwardbienaime6787]

Ned johnson cross my name out in 97 i just wish them back my banks i started this bank out with 50 cent in a stock page. Now i knew you a long time ago age 17 im at shattuck where i last saw you i deserve a explanations!!!!

[@IntelligentStockInvesting]

Sell your business to berkshire ;)

[@mohansarma4896]

why can you explain ?

[@IntelligentStockInvesting]

@@mohansarma4896 Berkshire Hathaway owns a large number of businesses (in whole and in part) and this business might be one that berkshire would want to buy

[@bhargavareddycr7604]

Fidelity ceo your english very good and fantastic your looking like bollywood herione your so cute

[@dragon9786]

You creep

[@lanuiiohu]

rude

[@siliconmamba735]

What a cheap mind you have sir. Shame on you.

[@robertwnorrisii9143]

Wouldn't put my money in Fidleity.

[@roastedavacadolime]

why is that?

[@ohyeahburgersfortheboys3019]

I'm very hesitant.

[@bizy05]

I have money with Fidelity. No issues. They’ve also managed my 401k at a prior job.