Edward “Ned” Johnson III, a businessman who grew Fidelity Investments into the financial giant it is today, has died. He was 91.Johnson’s family confirmed Thursday that he died on Wednesday but did not give a cause of death.Born in Boston at the start of the Great Depression, Johnson joined his father’s firm in 1957 as a portfolio manager. He became president of Fidelity in 1972 and, after his father retired in 1976, became chairman and CEO.
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