Excited to share this project, in which @WSJ sent me home to get a sense of how working people are getting by in this economy. I wasn't surprised to hear it's too hard to get ahead. But I took notice of the specificity of their pain—and who they blamed.
https://t.co/oSBK6edRaI
Exclusive: A lieutenant of Mark Walter played a key role in striking the complex deals in the Dodgers owner’s sprawling financial empire that have drawn scrutiny from investigators. Latest on this saga from @Justinbaer@josephttwallace@margotpatrick https://t.co/OkFRYRNLtF
Mark Walter built a financial empire that included the L.A. Dodgers, the L.A. Lakers and an $85 million beach mansion in Malibu. U.S. prosecutors are investigating whether he played by the rules. https://t.co/B9JB2kR20k via @WSJ
Fidelity is one of the most powerful financial institutions in America, but the story of the family behind it has largely remained hidden. @Justinbaer joins me to reveal how the Johnson dynasty built a $13 trillion empire, and how Abigail Johnson had the courage to reinvent it before the old business model became a relic.
Watch/Listen on X, YouTube, Spotify, Apple Podcasts, or wherever you get your podcasts.
Timestamps
0:00 Justin Baer Intro
3:28 Finding the Truth as a Journalist
5:34 Inside the Secretive World of Fidelity
11:19 Abigail Johnson and the Fidelity Dynasty
17:19 The Pivot That Saved Fidelity
21:46 The Attempted Coup Inside the Johnson Family
26:43 Five Words
A federal probe into the financial empire of Dodgers owner Mark Walter began with an internal whistleblower and evolved into an examination of whether fraud occurred in private-credit deals https://t.co/vI1KcV4YN4 via @WSJ
SCOOP: Berkshire Hathaway has selected Gen Re chairman Charlie Shamieh as the successor to longtime insurance mastermind Ajit Jain, people familiar with the matter said.
https://t.co/OOb0rcVOL1
Join our team and write about the people and forces shaping markets. Huge bets on AI. Macro trades affecting nations. Succession dramas. Individual investors making exotic wagers. Requires first-class reporting and the writing to do it justice. https://t.co/qt8uh4eGAk
Hi, folks. I wrote a book! House of Fidelity: The Rise of the Johnson Dynasty and the Company That Changed American Investing will debut in May. B&N Rewards Members can preorder copies now with a 25% discount using the following code: PREORDER25. https://t.co/8yEyJ5gU6j
I opened a bookshop. It was the best, worst thing I’ve ever done.
One of the most beautiful pieces you’ll read all year, or any year. Free access for all. @FT https://t.co/q1N5yPWutd