John C. Bogle, 75, created Vanguard in 1974 and served as Chairman and Chief Executive Officer until 1996 and Senior Chairman until 2000. He had been associated with a predecessor company since 1951, immediately following his graduation from Princeton University, magna cum laude in Economics. He is a graduate of Blair Academy, Class of 1947.
The Vanguard Group is one of the two largest mutual fund organizations in the world. Headquartered in Malvern, Pennsylvania, Vanguard comprises more than 100 mutual funds with current assets totaling about $742 billion. Vanguard 500 Index Fund, the largest fund in the group, was founded by Mr. Bogle in 1975. It was the first index mutual fund.
In 2004, TIME magazine named John Bogle as one of the world's 100 most powerful and influential people, and Institutional Investor presented him with its Lifetime Achievement Award. In 1999, FORTUNE designated him as one of the investment industry's four "Giants of the 20th Century." In the same year, he received the Woodrow Wilson Award from Princeton University for "distinguished achievement in the nation's service." In 1997, he was named one of the "Financial Leaders of the 20th Century" in Leadership in Financial Services (Macmillan Press Ltd., 1997).
In 1998, John Bogle was presented the Award for Professional Excellence from the Association for Investment Management and Research, and in 1999 he was inducted into the Hall of Fame of the Fixed Income Analysts Society, Inc. In 1993, he received the Philadelphia Investment Achievement Award from the Financial Analysts of Philadelphia.
John Bogle is the author of Bogle on Mutual Funds: New Perspectives for the Intelligent Investor (Irwin Professional Publishing, 1993), a best-selling investment book since publication. Irwin is also the publisher of John Bogle and the Vanguard Experiment: One Man's Quest to Transform the Mutual Fund Industry, by Robert Slater (1996). Mr. Bogle's second book, Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor (John Wiley & Sons, 1999), is also a best-seller, and his third book, John Bogle on Investing: The First 50 Years (McGraw-Hill, 2000), has also met with critical acclaim. His fourth book, Character Counts: The Creation and Building of The Vanguard Group (McGraw-Hill), was published in 2002.
Mr. Bogle served as Chairman of the Board of Governors of the Investment Company Institute in 1969–1970, and as a member of the Board from 1969–1974. In 1997, he was appointed by then-U.S. Securities and Exchange Commission Chairman Arthur Levitt to serve on the Independence Standards Board. In 2000, John Bogle was named by the Commonwealth's Chamber of Commerce as Pennsylvania's Business Leader of the Year.
John Bogle has served as Chairman of the Board of the National Constitution Center since September 1999, and is a Director of Instinet Corporation, a member of The Conference Board's Commission on Public Trust and Private Enterprise, and a member of the American Philosophical Society. A Trustee of Blair Academy, he served as Chairman from 1986–2001. He also serves on the Investment Committee of the Phi Beta Kappa Society. He has received honorary doctorate degrees from the University of Delaware, University of Rochester, New School University, Susquehanna University, Eastern University, Widener University, Albright College, Pennsylvania State University, and Drexel University.
John Bogle was born in Montclair, New Jersey, on May 8, 1929. He now resides in Bryn Mawr, Pennsylvania, with his wife, Eve. They are the parents of six children and the grandparents of twelve.
