Franklin Resources, which charges a 4 percent commission on reinvested dividends, used to keep this fee.

A larger number, like those in Franklin Resources' Templeton division, never hedge.

But Franklin Resources, Templeton's parent company, reported that shareholders had rejected the proposal.

Pioneer Investments and Franklin Resources did not respond to requests for comment yesterday.

In particular, he likes Franklin Resources, the investment management giant, which he bought at less than $10 a share more than three years ago.

One of those, Franklin Resources, has made small grants in the past but made none last year.

His brother Charles is the Chairman of Franklin Resources.

Franklin Resources is no stranger to big deals, or to dealing with big egos.

Franklin Resources held 2.75 percent as of Jan. 29, down from 4.9 percent in July.

Franklin Resources is a name we have been highlighting.