Bloomberg Businessweek

How Well Is Vanguard’s Boss Paid?

Its CEO is said to have earned more than $10 million in 2015 | “It is … a competitive advantage not to be laying it all out there”
Vanguard assets under management

With $3.9 trillion in assets under management, index fund pioneer Vanguard Group is an influential shareholder, able to weigh in on how executives across corporate America should be paid. At the same time, because of its unique corporate structure, Vanguard itself has legions of indirect owners—including retirement investors who have poured money into such funds as the Vanguard 500 Index and Vanguard Total Stock Market Index. The company is owned by its funds, which in turn are owned by their investors. Yet

You're reading a preview, sign up to read more.

More from Bloomberg Businessweek

Bloomberg Businessweek3 min read
Even the Good News Is Bad for Ukraine
• The country’s economy is steaming ahead, but an obscure debt derivative could take a bite out of growth
Bloomberg Businessweek5 min read
YouTube’s Shyest Superstar
The internet’s most popular kids’ channel is run by a skeleton crew and owned by a 55-year-old guy in a quiet California suburb
Bloomberg Businessweek5 min read
Stave Puzzles Will Drive You Wild
How a tiny manufacturer of wooden jigsaw puzzles created an addiction that high achievers just can’t kick By Devin Leonard Photograph by Eric Helgas