John C. Bogle, 74, is Founder of The Vanguard Group, Inc., and President of the Bogle Financial Markets Research Center. He founded Vanguard in 1974 and served as Chairman through 1997 and Senior Chairman through 1999. He had been associated with a predecessor company from 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 more than $560 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 1997, Mr. Bogle was named one of the "Financial Leaders of the 20th Century" in LEADERSHIP IN FINANCIAL SERVICES, and in 1996 he was named "Fund Leader of the Year" by FUND ACTION magazine. In 1999, Mr. Bogle received the Woodrow Wilson Award from Princeton University for "distinguished achievement in the Nation's service." Later that year, he was named by FORTUNE magazine as one of the investment industry's four "giants of the 20th century."
Mr. Bogle is the author of BOGLE ON MUTUAL FUNDS: NEW PERSPECTIVES FOR THE INTELLIGENT INVESTOR, a best-selling investment book since publication. Mr. Bogle's second book, COMMON SENSE ON MUTUAL FUNDS: NEW IMPERATIVES FOR THE INTELLIGENT INVESTOR, is also a best-seller. Mr Bogle is also the author of JOHN BOGLE ON INVESTING: THE FIRST 50 YEARS, published in 2000 and CHARACTER COUNTS: THE CREATION AND BUILDING OF THE VANGUARD GROUP, 2002.
Mr. Bogle served as Chairman of the Board of Governors of the Investment Company Institute in 1969 and 1970, and as a member of the Board from 1969 to 1974. He has also served as Chairman of the Investment Companies Committee of the National Association of Securities Dealers, Inc. In 1997, he was named by U.S. Securities and Exchange Commission Chairman Arthur Levitt to serve on the Independence Standards Board. In 2000, he was named by the Commonwealth's Chamber of Commerce as Pennsylvania's Business Leader of the Year.
In 1993, Mr. Bogle received the lifetime "Award of Distinction" from the Financial Analysts of Philadelphia; in 1998 he 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.
He serves as Chairman of the Board of the National Constitution Center, and is a Director of Instinet Corporation and a member of The Conference Board's Commission on Public Trust and Private Enterprise. A Trustee of Blair Academy, he served as Chairman in 1986-2001. He also serves on the Investment Committee of the Phi Beta Kappa Society. He has received honorary degrees from Widener University (Doctor of Humane Letters), from Albright College (Doctor of Humanities), and from the University of Delaware and the University of Rochester (Doctor of Laws).