1929
John Clifton "Jack" Bogle was born in May of 1929 as one of two twin boys, alongside his twin David.
“John Clifton Jack Bogle. And he's born here in May of 1929 as one of two twin boys, along with his twin, David.”
Topic
Jack Bogle
11 facts from 1 episode, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
1951
In spring 1951 Jack Bogle submitted his Princeton senior thesis, titled The Economic Role of the Investment Company.
“So in the spring of 1951, Jack turns in his senior thesis to the economics department entitled The Economic Role of the Investment Company.”
1960s
Bogle offered the four iVest partners 40% of the equity in Wellington's management company in the merger.
“that he ends up offering 40% of the equity in the management company to the four partners coming in from iVest.”
1965
In 1965 Walter Morgan retired and named 35-year-old Jack Bogle president of Wellington Management.
“And then ultimately in 1965, Morgan retires, steps back, and names Jack president of the firm at 35 years old.”
1974
On January 23, 1974, the four iVest partners won enough votes from public shareholders to fire Jack Bogle as CEO of Wellington Management Company.
“on January 23rd, 1974, at the Wellington Management Company board meeting, the four I-Vest partners band together, rally enough votes from the public shareholders, and they fire Jack as CEO of Wellington Management Company.”
1974
Bogle named Vanguard after the HMS Vanguard, the flagship at the Battle of the Nile, after seeing a print of the ship from an antiques dealer.
“The HMS Vanguard, which was the flagship in the naval battle of the Nile where the British forces defeated Napoleon.”
1992
In 1992 Nathan Most of the American Stock Exchange approached Bogle at Vanguard about launching an exchange-traded fund, and Bogle turned him down.
“back in 1992, a man named Nathan Most had come to see Jack at Vanguard.”
1996
Jack Bogle officially stepped down as Vanguard CEO on January 31, 1996, and John Brennan took over.
“On January 31st, 1996, Jack officially steps down as CEO and Brennan takes over”
1999
In August 1999 Vanguard announced it would enforce its board retirement age of 70, which removed Bogle from the board at the end of that year.
“in August of 1999, Vanguard announces that it is enforcing its mandatory board retirement age in the bylaws of 70.”
2019
Obituaries reported that Jack Bogle's estate was worth roughly $80 million when he died in 2019.
“And it is widely reported in the press in Jack's obituaries at the time of his death that his estate is worth roughly $80 million.”
Undated
The Bogle brothers obtained scholarships to attend Blair Academy, a prestigious boarding school, for their junior and senior years of high school.
“they managed to get all of the boys scholarships to go to Blair Academy”
Episodes