FYI: In the late 1990s, Adidas ran a series of ads that said, “Runners, yeah, we’re different.” One ad featured a guy putting a Band-Aid on his nipples. Another showed a pregnant women running with a toddler-packed stroller. Yet another looked like a mud caked nudist toweling off behind his car. Vanguard, one of the world’s largest investment companies, could run something similar.
Vanguard is structured much like a non-profit firm. That’s what makes it different. Banks, in contrast, are either privately owned or they trade on the stock market. Either way, they are owned by investors seeking a return. So don’t believe their advertising claims. Despite the warm and fuzzy “customers come first” T.V. commercials, bank customers come second. Their shareholders ride on top.
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/vanguards-actions-say-they-arent-afraid-of-whistleblower
