Vanguard Founder Honored at Financial Reporting Conference
John C. Bogle, founder of the Vanguard Group, was honored with the Berkeley Award for Distinguished Contributions to Financial Reporting at the 17th Annual Conference on Financial Reporting, held on Friday, October 27, at the San Francisco Marriott Hotel.
Mr. Bogle delivered the conference's lunch keynote, "A Tale of Two Markets," which looked at earnings management and ethics in financial reporting. A committee of accounting standard-setters, corporate financial executives, and academics selected Mr. Bogle for this award. Solomon Darwin, Executive Director of CFRM said that "Mr. Bogle is an outspoken advocate of strong business ethics and an ambassador for the high quality financial reporting to which Haas is committed."
Mr. Bogle is founder of the Vanguard Group, Inc., one of the two largest mutual fund organizations in the world. He is also president of Vanguard's Bogle Financial Markets Research Center. He created Vanguard in 1974 and served as chairman and chief executive officer until 1996 and senior chairman until 2000. The Vanguard 500 Index Fund, the largest fund in the group and the first index mutual fund, was founded by Bogle in 1975.
In 2004, Time magazine named Bogle one of the world's 100 most powerful and influential people. He had previously been designated as one of the investment industry's four "Giants of the 20th Century" by Fortune magazine in 1999. He is a recipient of the Woodrow Wilson Award from Princeton University for "distinguished achievement in the nation's service."
Mr. Bogle is the author of numerous books on investing, as well as Battle for the Soul of Capitalism, his 2005 look at corporate excess and what he sees as the misplaced priorities of mutual fund firms. His newest book, The Little Book of Index Investing: The Only Guaranteed Way to Earn Your Fair Share of Financial Market Returns, will be published in March 2007.
