MutualFundWire.com: Bogle Talks Proxy Voting With the NYTimes
MutualFundWire.com
   The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
Monday, April 13, 2009

Bogle Talks Proxy Voting With the NYTimes


Jack Bogle just fired another shot in his continued battle with much of the mutual fund industry. The New York Times' Gretchen Morgenson interviewed the Vanguard founder, The low-cost-investing advocate touched on his familiar themes -- like fees, fiduciary standards and proxy voting by fund firms --tying them in to the current financial crisis.

"Given their forbearance as corporate citizens, these [fund] managers arguably played a major role in allowing the managers of our public corporations to exploit the advantages of their own agency," Bogle told Morgenson, pointing to the large percentage of large public companies' shares that are held by mutual funds.


Printed from: MFWire.com/story.asp?s=21274

Copyright 2009, InvestmentWires, Inc.
All Rights Reserved
Back to Top