MutualFundWire.com: Sans Mandate, an MF Titan Offers Vaccine Bonuses

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Thursday, August 5, 2021

Sans Mandate, an MF Titan Offers Vaccine Bonuses

Tim Buckley isn't mandating that Vanguard [profile] employees get COVID-19 vaccines, but he is offering them an incentive to do so.

Mortimer J. "Tim" Buckley
Vanguard
President, CEO

Bloomberg broke the news that Vanguard will offer a $1,000 bonus to U.S. employees who get vaccinated by October 1 and show proof. (Employees who have already been vaccinated are also eligible.) About 16,500 of Vanguard's 17,300 employees are based in the U.S. and thus eligible for the vaccine bonus program at the Valley Forge, Pennsylvania-based mutual fund firm. (So, Vanguard could pay out up to about $16.5 million through the program.)

The news was picked up by a host of other publications (including CBS, Citywire, CNBC, CNN, Fox Business, the New York Post, and the Philadelphia Inquirer), which contrasted Vanguard's bonus plan with the mandates being used by some employers.

Printed from: MFWire.com/story.asp?s=63222

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