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The Battle for the Soul of Capitalism
Despite its inflated title, this volume is a worthy jeremiad against corporate excess, especially the kind hastened by the mutual fund industry that Bogle, former CEO of low-cost Vanguard, knows well. Among the problems: inflated executive compensation and creative accounting that allows companies to claim profits even when they’re in the red. Mutual fund companies, Bogle charges, care more about short-term results than long-term value, … [ Read more ]
Content: Book | Author: John C. Bogle | Subjects: Finance, Industry Specific | Industry: Finance / Banking