Now one of the worlds largest investment-management companies, Vanguard vies with BlackRock and Fidelity Investments for the title of biggest mutual-fund group. Academic recognitionThe academic community recognized Mr. Bogle's for his accomplishments. Ridiculed by others in the industry as "un-American" and "a sure path to mediocrity," the fund collected a mere $11 million during its initial underwriting. Refusing to surrender, Mr. Bogle persuaded the board of Wellington to split from the management company that canned him and appoint him to administer the funds at cost, thereby saving a bundle in fees. Vanguard announced his death. Mr. Bogle also went a step further in differentiating Vanguard from other companies that sponsor mutual funds. John C. Bogle, 89, who revolutionized the way Americans save for the future, championed the interests of the small investor, and railed against corporate greed and the excesses of Wall Street, died of cancer Wednesday at his home in Bryn Mawr, his family confirmed. Mr. Bogle was proud of the many jobs he held in his youth newspaper delivery boy, waiter, ticket seller, mail clerk, cub reporter, runner for a brokerage house, pinsetter in a bowling alley. In January 1996, Mr. Bogle passed the reins of Vanguard to his hand-picked successor, John J. Brennan, who joined the company in 1982 as Mr. Bogle's assistant. Barbara has been found in 8 states including Texas, Nebraska, Florida, South Carolina, Pennsylvania. He was literally reborn, and he really appreciated the chance of having a second go at life.. Required fields are marked *. Among his numerous other awards and honors were: Civic workAn avid booster of Philadelphia and the surrounding area, Mr. Bogle was active in civic affairs. They had six children: daughters Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John, and Sandra Bogle Marucci, and sons John C. Bogle Jr. and Andrew Armstrong Bogle. And then he stretched out and put his head on the back rest., Before nodding off, Mr. Bogle issued instructions: If anybody wonders what Im doing, tell them Im dead.. When typing in this field, a list of search results will appear and be automatically updated as you type. Bogle, then 76, had written his fifth book. . Everything else is incidental. Mr. Bogle argued that Vanguard funds were thus completely independent of their advisers and operated solely in the interests of shareholders able to monitor investment results objectively, negotiate advisory fees at arms length and change advisers if need be. He followed that with Common Sense on Mutual Funds: New Imperatives for the Intelligent Investor (1999); John Bogle on Investing: The First 50 Years (2000); Character Counts: The Creation and Building of The Vanguard Group (2002); Battle for the Soul of Capitalism (2005); The Little Book of Common Sense Investing (2007); Enough. His daughter Barbara Bogle Renninger served on the board of the Gesu School in North Philadelphia, where she was also a volunteer math tutor; his son Andrew was a patron of Robin Hood, a philanthropic organization established by investment bankers and hedge-fund managers to alleviate poverty in New York City. I thought there would be an exception for the companys founder, he said in 2012. 4 , Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John Sandra Bogle Marucci, , John Jr. Andrew , 12 . A private service will be held next week. He had no desire to be ostentatious, and he didnt hang out with just investment titans. In 1997, he was appointed by then-SEC Chairman Arthur Levitt to serve on the Independence Standards Board. The essential message is, stop focusing on self and start thinking about service to others.. John Bogle married Eve Sherrerd in 1956. While index funds have become widely popular, Vanguards competitors often have been less than keen about following the companys penny-pinching lead. Inspired by the 1798 Battle of the Nile, during which Lord Horatio Nelson sank the French fleet, snuffing Napoleons dream of world conquest, Mr. Bogle chose the name Vanguard after Nelsons flagship. He worked tirelessly toward that goal, and his message never changed with the investing climate. | Pulse Nigeria Along the way, Vanguard, which Mr. Bogle launched in 1974, became a titan in the financial-services industry, with 16,600 employees and over $5 trillion in assets by the end of 2018, and Mr. Bogle earned a reputation as not only an investing sage but a maverick whose integrity and old-fashioned values set an example that many admired and few could match. Learn how your comment data is processed. Six persons, including Barbara Bogle, Scott D Renninger, Andrew Renninger, Barbara B Renninger, Christina Renninger, Rebecca M Renninger, listed the phone number (610) 649-0638 as their own, various documents indicated. While Mr. Bogle was facile with numbers, he was much less interested in counting than in what counts, and his intellectual range was broad. Mr. Bogle had long argued that a mutual fund representing a broad range of businesses for instance, the Standard & Poors 500, an index containing the stocks of 500 large publicly held U.S. companies would not only match the markets average return but also generally surpass the performance of actively managed funds. As a subscriber, you have 10 gift articles to give each month. For his pioneering of the index concept for individual investors, Mr. Bogle was often called the "father of indexing.". He always went the extra mile to make sure there wasnt a single person who could not understand what he was saying.. He held our industry to a higher standard than it held itself, and I think a lot of people took umbrage at that, said Arthur Zeikel, a former Merrill Lynch & Co. CEO who knew Mr. Bogle for decades. They sang patriotic songs (Lee Greenwoods God Bless the USA was a favorite), and Mr. Bogle raised a toast to the country of which he was so proud. On file we have 27 email addresses and 19 phone numbers associated with Andrew in area codes such as 607, 609, 610, 336, 623, and 8 other area codes. erelman, the master deal-maker and philanthropist who gave away more than $300 million to the University of Pennsylvania and other causes, died Monday at his home in Philadelphia. Mr. Bogle is survived by his wife Eve, daughters Barbara Bogle Renninger (Scott), Jean . AwardsIn 2004, Time magazine named Mr. Bogle one of "the world's 100 most powerful and influential people" and Institutional Investor magazine presented him with its Lifetime Achievement Award. I cover all things Wall Street, personal finance and investing, people and their money. When we were growing up, we were told that were very fortunate in so many ways and that we were expected to give back, Andrew Bogle recalled. . He always went the extra mile to make sure there wasnt a single person who could not understand what he was saying.. From the station or airport, he walked to his destination rather than taking a cab, or hailed a cab rather than riding in a limo, even in his 70s. For six go-go years, the partnership flourished, but when stock prices plunged in 1974, Mr. Bogle was fired. Mr. Bogle. Dianne Barb Bogle (Dianne Barb Bogle) See Photos. The company eliminated sales charges and became a pure no-load mutual fund complexa move that would save shareholders hundreds of millions of dollars in sales commissions. True Measures of Money, Business, and Life(2008); Common Sense on Mutual Funds: Fully Updated 10th Anniversary Edition (2009); Don't Count on It! Mr. Bogle readily took swipes at the press for lauding fund managers who temporarily got a hot hand, and for focusing heavily on a funds quarterly performance. 3. More than a successful businessman, Mr. Bogle was a capitalist with a soul. Dennis Bogle phone number is here for you! Motivated by a mix of pragmatism and idealism, Mr. Bogle was regarded by friends and foes alike as the conscience of the industry and the sheriff of Wall Street. In 1996, surgeons at Hahnemann University Hospital replaced his faulty heart with a strong one, ending a 128-day wait in the hospital. But the Great Depression eventually erased the family fortune. Mr. Bogle had hoped that the Vanguard model structurally correct, mathematically correct, and ethically correct would goad other investment firms to give customers a fairer shake. He wrote articles, speeches, and books, answered questions from investors, granted interviews to reporters, and continued to cultivate and encourage members of Vanguards crew while keeping a three-person staff busy. Mr. Bogle graduated from Blair Academy in Blairstown, N.J., and, in 1951, from Princeton; he was a scholarship student at both. . She survives him, as do a brother, William Yates Bogle III; four daughters, Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John and Sandra Bogle Marucci; two sons, John Jr. and Andrew; 12 . Motivated by a mix of pragmatism and idealism, Mr. Bogle was regarded by friends and foes alike as the conscience of the industry and the sheriff of Wall Street. John C. Bogle in 2017. Industry accomplishmentsMr. Even as he became more prominent, he did not change within the family. . Dennis Bogle phone number is here for you! In December 1949, while leafing through Fortune, he happened upon an article about the embryonic mutual-fund industry, and Mr. Bogle developed the topic for his senior thesis. From the station or airport, he walked to his destination rather than taking a cab, or hailed a cab rather than riding in a limo, even in his 70s. Reading was among his pleasures, as was The New York Times crossword puzzle, which he often completed in less than 20 minutes. Mr. Bogle and Vanguard again broke from industry tradition in 1977, when Vanguard ceased to market its funds through brokers and instead offered them directly to investors. My only regret about money, he said in 2012, is that I dont have more to give away., John C. Bogle, Founder of Financial Giant Vanguard, Is Dead at 89, https://www.nytimes.com/2019/01/16/obituaries/john-bogle-vanguard-dead.html. He was a true American hero.. But he applied himself and slowly mastered the demands. August 29, 2022. The investment world recently lost an investment legend and below is a tribute by Vanguard to their founder Jack Bogle. Cision Distribution 888-776-0942 Not to worry, Mr. Bogle said. Although he played no role in managing Vanguard after 2000, he continued to show up every weekday, usually in suit and tie and shined shoes, to discharge his duties as president of the Bogle Financial Markets Research Center. Jack operated at only two speeds, as fast as is humanly possible and stop, said Paul Miller, the late private investor and founding partner of Miller Anderson & Sherrerd, who was a close friend of Mr. Bogles for decades. There, Mr. Bogle ordered his customary breakfast of two eggs over easy, fried potatoes, two slices of rye toast and coffee, all of which he consumed, Stengel recalled, in an incredibly systematic way. He revered language, history, poetry, and classical wisdom, and frequently amazed and delighted people by reciting long passages of verse. While Mr. Bogle was facile with numbers, he was much less interested in counting than in what counts, and his intellectual range was broad. Vanguard managed its indexed mutual funds at cost, charging investors fees that were far lower than those of virtually all of its rivals. He was 89. Mr. Bogles retirement did not come easily. He cared enough about his clients to personally answer their letters; he cared enough about his employees to be on a first-name basis with thousands of them, and to pitch in at the phone banks when things got busy; and in the end, he cared enough about his country that he spent much of his last two decades away from home tirelessly crusading against an increasingly elephantine and dysfunctional financial system.. The thesis earned Mr. Bogle a top grade, and he graduated magna cum laude. He never failed to mention, in speech after speech and talk after talk, that money managers had failed miserably to earn their high fees, said Miller, the investment manager and longtime friend. He received honorary degrees from a dozen universities, including his alma mater, which also bestowed on him its highest accolade, the Woodrow Wilson Award, for distinguished achievement in the nations service.. He wore the same wool ties and suits forever, said son Andrew Armstrong Bogle. . John Bogle was a business mogul, philanthropist, and investor. Mutual fund companies, he said, were all but immoral for accepting such fees. My ideas are very simple, he once said. After giving up the chief executive title to his handpicked successor, John J. Brennan, Mr. Bogle openly disagreed with several of Mr. Brennans decisions. Raymond G. Perelman, the master deal-maker and philanthropist who gave away more than $300 million to the University of Pennsylvania and other causes, died Monday at his home in Philadelphia. Rebecca celebrated 36th birthday on June 1. In addition to Bogle on Mutual Funds, his other books include Common Sense on Mutual Funds (1999) and The Clash of the Cultures: Investment vs. Speculation (2012). The Vanguard Group of Investment Companies commenced operations on May 1, 1975. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Vanguard Announces Share Splits for Six Equity ETFs, Vanguard to Streamline Fund Lineup with Planned Merger and Liquidation, Pennsylvania Society Gold Medal for Distinguished Achievement, 2016, EY Entrepreneur Of The Year Lifetime Achievement Award, 2016. Mr. Bogle attended Blair Academy in northwestern New Jersey, where he blossomed academically. She survives him, as do a brother, William Yates Bogle III; four daughters, Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John and Sandra Bogle Marucci; two sons, John Jr. and Andrew; 12 grandchildren; and six great-grandchildren. Jack operated at only two speeds, as fast as is humanly possible and stop, said Paul Miller, the late private investor and founding partner of Miller Anderson & Sherrerd, who was a close friend of Mr. Bogles for decades. In 1967, Mr. Bogle led the merger of Wellington Management Company with the Boston investment firm Thorndike, Doran, Paine & Lewis (TDPL). He was a member of the American Philosophical Society, American Academy of Arts and Sciences, The Conference Board's Commission on Public Trust and Private Enterprise, and the investment committee of the Phi Beta Kappa Society. Inspired by the 1798 Battle of the Nile, during which Lord Horatio Nelson sank the French fleet, snuffing Napoleons dream of world conquest, Mr. Bogle chose the name Vanguard after Nelsons flagship. Mr. Bogles philanthropy reflected his belief that to whom much is given, much is expected. The world wont be the same without Jack. They had 12 . But the Great Depression eventually erased the family fortune. They had six children: daughters Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John, and Sandra Bogle Marucci, and sons John C. Bogle Jr. and Andrew Armstrong Bogle. In contrast to a management company, which in most cases controls the fund complex and provides all the investment, administrative and marketing services required in its operations, Vanguard is more like a mutual insurer, owned by investors in the funds, which employ their own officers and staff. His twin brother David died in 1995. He genuinely liked talking to people and hearing their stories.. Bill Falloon, an editor at John Wiley & Sons, remembers when Mr. Bogle visited the publishers Park Avenue office for a marketing strategy meeting about Mr. Bogles The Little Book of Common Sense Investing. Make a life-giving gesture Did you mean: barbara bogle. His twin brother David died in 1995. Raymond G. Perelman, the master deal-maker and philanthropist who gave away more than $300 million to the University of Pennsylvania and other causes, died Monday at his home in Philadelphia. View David Renninger results including current phone number, address, relatives, background check report, and property record with Whitepages. Jan 16, 2019 jcbadmin. I grew up in the best possible way, Mr. Bogle said in 2008, because we had social standing I never thought I was inferior to anybody because we didnt have any money but I had to work for everything I got.. That he was correct in calling them the croupiers at the gambling table did not endear him to the profession., Simply put, Jack cared, said William Bernstein. Mr. Bogles children recalled growing up in a drafty house in Haverford where the thermostat was set low in winter and they piled into their parents bedroom on steamy summer nights because it was the only spot with an air conditioner. A tall, athletic man who sported a crew cut for most of his life, Mr. Bogle played squash, tennis, and golf, and also enjoyed sailing. It was that combative nature that had led him to start Vanguard in the first place. Mr. Bogle, a chipper and unpretentious man who invited everyone to call him Jack, was founder and for many years chairman of the Vanguard Group, the Malvern-based mutual-fund company, where he pioneered low-cost, low-fee investing and mutual funds tied to stock-market indexes. While Mr. Bogle may have been cheap in the transactions of daily life, he was remarkably generous in a grand way. Mr. Morgan hired the ambitious 22-year-old for his Philadelphia-based investment management firm, Wellington Management Company. Mr. Bogle outlived three pacemakers, and kept a gym bag with a squash racket by his desk. I grew up in the best possible way, Mr. Bogle said in 2008, because we had social standing I never thought I was inferior to anybody because we didnt have any money but I had to work for everything I got.. Price: $3.60. . Also known as Barbara J Renninger, Barb Rush. They had 12 grandchildren and six great . 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