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Article: BURKHEAD, CONE RESIGN AT FIDELITY GAIL MCGOVERN, A RISING STAR AT THE FUND GIANT, RECEIVES PROMOTION
- Article from:
- The Boston Globe (Boston, MA)
- Article date:
- January 26, 2000
- Author:
CopyrightCopyright 2000 The Boston Globe. Provided by ProQuest LLC. (Hide copyright information)
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Fidelity Investments lost two top executives yesterday and
promoted a third, in a sudden reshuffle that reflects efforts by the
mutual fund giant to find a stronger footing in a brutally
competitive investment world increasingly dominated by the Internet.
J. Gary Burkhead, who headed two of Fidelity's largest and most
challenging areas - retail fund sales and brokerage operations - said
he was retiring after a tumultuous 17-year career at the Boston fund
giant.
A behind-the-scenes player who was never a household name among
ordinary investors, Burkhead, 58, had been through most of the top
jobs at the world's largest fund firm. Despite notable successes, he
was often a scapegoat for his ...