Federated Founder Fisher Dies
A press release entitled, "Federated Investors, Inc. Founder Richard B. Fisher Dies at Age 95," tells us, "With deep sadness, Federated Investors, Inc. (NYSE: FII) today announced the passing of Richard B. Fisher, who co-founded the company in 1955 and served as chairman of Federated Securities Corp. and vice chairman of Federated Investors, Inc. until his death at age 95 on Oct. 23, 2018. Fisher served Federated for more than six decades. His strong work ethic, creative marketing skills and dedication to excellence in products and service helped build Federated's reputation and global reach. Today, Federated employs approximately 1,800 people in the U.S. and around the globe, managing and distributing investment products to institutions, financial intermediaries and investors around the world." J. Christopher Donahue, Federated President and CEO comments, "Dick always put his heart into all that he did, with passion, dedication to quality and sensitivity to the shareholder's income.... We're indebted to him for his charismatic nature and generosity." Federated says, "Fisher's charm and lively sense of humor made him a favorite with Federated employees." Crane Data's deepest condolences go out to the Fisher and Federated families. (See also, Fisher's Obituary in the Pittsburgh Post-Gazette.) Note too that Federated released its Q3 earnings last night and hosts its earnings call Friday morning at 9am. (Watch for coverage on Monday.)
