Plus, Johnson shares her crypto markets outlook and predictions on the Federal Reserve's next interest rate . He is the second largest shareholder in the firm with 19.2%, after his half brother Charles who chaired the company until 2013. A few weeks after you took over and announced the acquisition, the pandemic hit. Johnson is a former chairman of Franklin Resources, a publicly traded US money management business that operates the Franklin and Templeton mutual funds. The complaint states that Miele was never informed of the existing trust. You can help Wikipedia by expanding it. Mutual funds were hard to explain and took a long time to be embraced. Born 1964 Morristown, NJ Total pay $7.7m (fiscal year 2018) Education 1987 BA in economics, University of California, Davis Career 1987-88 Drexel Burnham, trainee 1988 Franklin Templeton. To put this concept into a real-world example, the Empire State Building could be sold to a million different people and those investors wouldnt need to do an ownership transfer; its all there in that token. 1940s The company was founded in 1947 in New York by Rupert H. Johnson, Sr., who ran a successful retail brokerage firm from an office on Wall Street. We are pleased that Mr. Johnson has been vindicated and it is clear that no claims lie against him, said Mr. Molumphy, in a statement. Within days, she announced the biggest transaction in the company's history: the acquisition of Baltimore-based competitor Legg Mason. Donald Trumps real net worth? Posted on September 21, 2022. Boaz Weinstein Sued by Charles Johnson Over Templeton Fund (1) Harriette Cole: My friend's mom didn't recognize me at my job, and she was very rude, Ask Amy: I put a security camera in my room, and what I saw was creepy, Ask Amy: My fiancee's family says I'm not invited, and she's going without me, 'Total dominance': Steph Curry breaks NBA Game 7 record, leads Warriors over Kings, The dad whose wife and child were among 5 killed by a neighbor in Texas describes how the massacre unfolded, Dear Abby: The reason her fiance hid his phone was something she never guessed, Mortgage fees to rise for buyers with high credit scores, fall for those with lower scores, Kurtenbach: Game 7 is likely not win-or-go-home for the Warriors it's win-or-break-up, Do Not Sell/Share My Personal Information. Its going to happen. The blogger, who is known for his inflammatory posts on his website GotNews and was personally banned from Charles Johnson is the second largest shareholder in Franklin Resources, a global investment management firm also known as Franklin Templeton Investments. With the recent announcement of the acquisition of Lexington Partners, we now have top-tier specialist investment managers in all the key alternative categories. Charles Johnson '54, former chairman of the mutual fund Franklin Resources and the largest single-gift donor in Yale's history, has been accused of helping to defraud the heir of one of Franklin Resources' earliest investors of $150 million, The New York Times reported Wednesday afternoon.