A new account in Justin Baer's "House of Fidelity" says Abigail Johnson was removed from the job running Fidelity Investments' flagship mutual fund business and, months later, became involved in an effort to oust her father, Ned Johnson, that was stopped at the last minute. Baer, speaking with SkyBridge Capital founder Anthony Scaramucci on the "Open Book" podcast, said the episode had previously surfaced only in limited form and that understanding Abigail Johnson's motivations became one of the central challenges of writing the book. He also said Ned Johnson had become open to selling Fidelity outright, a revelation that changed his view of the family conflict. Founded by Edward C. Johnson II in 1946, Fidelity helped reshape retail investing through mutual funds and 401(k) plans, and the privately held firm now oversees nearly $13 trillion across customer accounts and investment funds, with roughly one in six Americans holding an account there.