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David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Did you always know that you wanted to run fidelity, and did you feel any pressure to go and run fidelity when you were younger . Abigail i never felt any pressure to and i certainly never knew that i would actually get to the position that i have gotten to now. I was always interested in the business, it was impossible not t...

David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Did you always know that you wanted to run fidelity, and did you feel any pressure to go and run fidelity when you were younger . Abigail i never felt any pressure to and i certainly never knew that i would actually get to the position that i have gotten to now. I was always interested in the business, it was impossible not t...

David i dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take on the life of being an interviewer, even i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Did you always know that you wanted to run fidelity, and did you feel any pressure to go and run fidelity when you were younger . Abigail i never felt any pressure to and i certainly never knew that i would actually get to the position that i have gotten to now. I was always interested in the business, it was impossible not t...

Service, im sorry, fidelity, but 50,000 which is i believe relatively small balance all in concert twice and product under 50 basis points. Can i jump in wax i think the best interest contract is simple. Its just a thing make promise to clients youre putting their best interest first, develop policies to make sure your monitor your employees and be accountable if you did not do that. This 400 pages of proposed regulation are proposed regulation. The department did not comport think this is the point and this is what we are doing. They invited extensive on every piece of the regulation and the ...

One issue is even if there are no abuses the industry cannot handle having a best interest standard applied to these recommendations. Thats what the dol is doing. Its almost the standard that is applied to broker dealers under the suitability standard. The recommendation must be consistent and you look under the hood and it turns out these are some of the worst violations that you can find. In one case the court said this was egregious misconduct. These are cases if many if not most broker deals. The unsuitable recommendations are accompanied by other Violations Including failure to supervise,...