Beagan Wilcox Volz – Ignites-A Financial Times Service – July 15, 2013
The June 13 appointment of Charles E. Johnson to the board of Franklin Resources saw the remarkable return – and some might say redemption – of 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. . . .