Vanguard Offers $1,000 To Vaccine Holdouts To Get Jabbed

submitted by Drewski from zerohedge.com

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[–]fschmidt 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (0 children)

What a waste of my mutual fund fees. I will call Vanguard tomorrow to complain about this. Vanguard is owned by its customers and I have a fairly significant investment with them, so I will ask how I can vote against whoever implemented this policy.

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

I would come out of retirement and work for them for one day.

[–]fschmidt 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Why?

I just spent 2 hours trying to figure out if I have any voting rights as a Vanguard customer, without success. It seems that Vanguard is brokerage company owned by its funds. But who controls the fund management companies? No one seems to know. And there is no direct contact info for the fund management companies.

[–]fschmidt 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (0 children)

I got this from Bogleheads.org:

Topic disapproved:

"How is Vanguard structured?"

Forum: Investing - Theory, News & General

Reason: Trolling/Offensive - Post contains offensive language or images or appears to be motivated by a desire to inflame, rather than inform. Your post is disapproved as it restarts a locked thread (https://www.bogleheads.org/forum/viewtopic.php?f=10&t=355121) see our guidelines: https://www.bogleheads.org/forum/rules#rule-6b "if a topic is locked, please do not start up another thread to continue the discussion". Also the post is not actionable. Vanguard is a private company, you cannot vote on the management. See: https://www.bogleheads.org/forum/rules#rule-4b "If readers can't do anything with the content of a topic other than argue about it, it does not belong here."

My post:

subject: How is Vanguard structured?

Vanguard says that it is owned by its customers. My understanding is that Vanguard itself is owned by its funds and the fund management controls Vanguard. But then how is the management of Vanguard's funds chosen? As a customer, can I vote on the management of the fund I own?

Note that I am asking about this because of [url=https://www.bogleheads.org/forum/viewtopic.php?f=10&t=355121 ]this issue[/url]. That thread was closed as "not actionable" but I want to take action on this topic by voting for management who will spend my fund fees on business rather than on political issues.

[–]infocom6502 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Incentive limited to Vanguard employees.