With Fidelity Chairman and CEO Edward “Ned” Johnson remaining quiet about who is next in line to take over when the 77-year-old finally retires, industry watchers say his deafening silence is hurting the company’s ability to recruit top talent, Fortune reports.

And this year’s departure of a number of key executives and the hiring of a new president rather than the promotion of brokerage chief Ellyn McColgan is adding to the mystery.

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