Pozen Vs. Reynolds: Duking It Out At Fidelity

There's a race on to be Fidelity Chairman Ned Johnson's new top lieutenant. Robert Reynolds, former chief of 401(k) services, was named one of three vice-chairmen and also chief operating officer on June 21. Mutual-fund chief Robert Pozen, too, was named a vice-chairman. The two will compete to be Johnson's second-in-command, sources say.

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