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Tuesday, June 11, 2019|
How Much Would Vanguard Have Paid Bogle In His Last Year?
Jack Bogle retired from Vanguard's [profile] board of directors 20 years before he died this past January, yet he never completely disconnected from it in the minds of investors. What if he never disconnected his wallet, either?
"Consistent with years prior, we won't discuss the specifics of our compensation program, except to say that Partnership enables our crew to celebrate and share in the success and value they've helped to achieve on behalf of Vanguard investors," Vanguard spokeswoman Alyssa Thornton tells the Inquirer.
Wiener tells the paper that, for 2018, Vanguard is paying out $283.48 per Partnership Plan point, up 14.1 percent from 2017 and 32.9 percent from 2016. Vanguard (like most fund firms) took an AUM hit in 2018 thanks to a rough Q4, yet the Partnership Plan points payments are calculated, in part, based on AUM growth over the past three years. (The Inquirer article points to flows and "cost savings" to Vanguard's fund shareholders as other factors.
For a blast from the past, read up on MFWire's coverage of Vanguard's past Partnership Plan payments, for years including: 2002, 2005, 2008, 2009, 2012, 2013, and 2014
Printed from: MFWire.com/story.asp?s=59814
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