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Former portfolio manager sues Fidelity after leaving for Michael Dell's family office

PROVIDENCE, RHODE ISLAND, ⁠Oct 14 (Reuters) - A former semiconductor fund manager at Fidelity Investment ⁠Management has sued its parent company FMR, claiming it refused to ‌pay him a "multimillion-dollar" compensation package after he joined DFO Management, the family office of billionaire Dell Technologies founder Michael Dell.

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前投资组合经理离开富达加入迈克尔·戴尔家族办公室后,将富达告上法庭。

A sign marks a Fidelity Investments office in Boston, Massachusetts, U.S., April 28, 2022. REUTERS/Brian Snyder

PROVIDENCE, RHODE ISLAND, ⁠Oct 14 (Reuters) - A former semiconductor fund manager at Fidelity Investment ⁠Management has sued its parent company FMR, claiming it refused to ‌pay him a "multimillion-dollar" compensation package after he joined DFO Management, the family office of billionaire Dell Technologies founder Michael Dell.

The suit, filed by Adam Benjamin in the Suffolk Division of ​the Superior Court of Massachusetts, alleges that ⁠after Fidelity executives failed to persuade ⁠him to stay at the firm, the company "turned on a dime" and ⁠terminated ‌him on July 10 of this year. Fidelity then imposed a non-compete clause, causing him to forfeit a compensation package totaling ⁠in the millions of dollars.

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