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Rating:How Did McNabb Steer Vanguard Through His Baptism by Lehman Fire? Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, September 27, 2010

How Did McNabb Steer Vanguard Through His Baptism by Lehman Fire?

News summary by MFWire's editors

Bill McNabb
Vanguard
CEO
Did you know that Vanguard [see profile] CEO Bill McNabb sent his chief investment oficer, Gus Sauter, back from Washington, D.C. to Vanguard headquarters in a red Mustang on the day Lehman Brothers went bankrupt? That's just one of the tidbits USA Today's Sandra Block includes in a profile of the Vanguard chief.

In addition to the tale of the Mustang -- it was what the rental place had available -- and other snippets on Vanguard's reaction to the financial crisis (which started up just weeks after McNabb took over as CEO), USA Today also delves into McNabb's history: earning his bachelor's degree at and rowing for Darmouth, teaching Latin at a boys' private school, earning his MBA at the Wharton School at UPenn, and working in the global banking and M&A side of Chase Manhattan, before joining Vanguard 24 years ago. 

Edited by: Neil Anderson, Managing Editor


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