The Daughter Also Rises

It's an unusual way to groom a future CEO. At Fidelity Investments, the boss's daughter manages the $1.9 billion Fidelity OTC Portfolio, an assignment that has virtually no relation to the day-to-day operations of her family's sprawling financial-services empire. "It's a full-time job, plus," says 33-year-old Abigail P. Johnson, adding that when she's not working 11-hour days running the fund, she's home in the Boston suburbs taking care of her 4-month-old daughter, Julia. "I don't have time to go messing around in other departments," she says.

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