A Troubled Son’s Return to Franklin’s Board (Boehme quoted)

A Troubled Son’s Return to Franklin’s Board

Beagan Wilcox Volz РIgnites-A Financial Times Service РJuly 15, 2013

franklin templeton

The June 13 appointment of Charles E. Johnson to the board of Franklin Resources saw the remarkable return Рand some might say redemption Рof a fallen executive.

Nearly 10 years earlier, on July 18, 2003, the son of then-CEO Charles B. Johnson pleaded guilty to felony domestic violence. On Sept. 28, 2002, he had smashed his wife’s face into a stove, fracturing bones around one eye.

Charles E. Johnson, known as Chuck, went on administrative leave from his positions at Franklin as co-president and director of the board in October 2002. He formally stepped down from the company in June 2003. . . .

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