Jenny Johnson on Managing a Trillion-Dollar Firm

Masters in Business

Bloomberg

Business, Entrepreneurship, Investing

4.4 • 2.2K Ratings

🗓️ 7 July 2023

⏱️ 70 minutes

🔗️ Recording | iTunes | RSS

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Summary

On a special 500th-episode edition of Masters in Business, Bloomberg Radio host Barry Ritholtz speaks with Jenny Johnson, the president and chief executive officer of Franklin Templeton. Johnson joined the firm in 1988 and held leadership roles in all its major divisions, including investment management, distribution, technology, operations and high-net-worth, before becoming CEO in February 2020. She also led the historic acquisition of Legg Mason in 2020, with the combined organization managing more than $1.5 trillion globally. Among many other accolades, she has been named to Barron's list of the 100 most influential women in US finance for three consecutive years, most recently in 2022.

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0:00.0	This episode is brought to you by Acre Trader Financial LLC, the farmland investing platform.
0:06.8	Did you know that farmland is a real asset with historically low volatility during times of financial stress?
0:13.2	Visit Acre Trader.com slash masters for a free guide to farmland investing.
0:18.9	Meet Sam. Sam is 30 years old. Sam may not act the part, but he's a billionaire.
0:24.5	But on December 12, 2022, everything changes for Sam.
0:28.8	And what he calls a screw-up, the US government calls one of the largest frauds in history.
0:34.7	From Bloomberg and Wondery comes a new series,
0:37.6	Spellcaster, the fall of Sam Bankman Fried.
0:40.8	Listen to Spellcaster on Amazon Music, the iHeartRadio app, or wherever you get your podcasts.
0:46.1	This is Masters in Business with Barry Rittoltz on Bloomberg Radio.
0:57.4	This week on the podcast, once again, I have an extra, extra special guest.
1:03.2	Jenny Johnson is CEO of Investment Giant Franklin Templeton. They run about a trillion and a half
1:10.0	dollars. She's been CEO since February 2020. She's been with the firm for decades.
1:17.6	Just an incredible insightful conversation about how to build a company, how to grow through
1:22.9	acquisitions, how to make sure everybody on your team understands their role is appreciated
1:29.4	and is acting and performing at the highest levels. I found this conversation to be absolutely
1:36.8	not only insightful and informative, but also delightful. And I think you will also, with no
1:43.2	further ado, my conversation with Franklin Templeton CEO, Jenny Johnson.
1:49.2	Jenny Johnson, welcome to Bloomberg. Thank you, Barry. It's great to be here.
1:54.4	It's great to have you. I've been looking forward to this for a long time. I've been back and forth
1:59.3	for a while. And then we had the pandemic hit. Let's talk a little bit about your background.
2:05.3	You joined Franklin Templeton in 1988. Family members helped found the farm. I have run it for a
	...

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