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McColgan out at Fidelity :

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Fidelity Investments reported yet another management shuffle Tuesday with the unexpected resignation of Ellyn A. McColgan, a long-time employee who was considered a strong contender to one day take over the financial services giant. Fidelity said McColgan's duties will be temporarily managed by chairman Edward "Ned" Johnson III and Rodger A. Lawson, a former Prudential Securities executive who was recently hired as the president of Fidelity Research and Management Corp., the parent of Fidelity's myriad operating units. Indeed, distribution has been a sore spot at Fidelity in recent years, ...

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