MutualFundWire.com: How Did McNabb Steer Vanguard Through His Baptism by Lehman Fire?

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Monday, September 27, 2010

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

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.

Printed from: MFWire.com/story.asp?s=33534

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