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Vanguard Withheld Support For Key Wells Fargo Directors
Or a negative sign - that WF was so bad that not even Vanguard could stomach all of it.
"Vanguard funds supported 12 of 15 Wells Fargo directors on the ballot, and backed the company’s management on all nine shareholder proposals up for a vote at the April meeting. "
Is the glass 80% (12/15) empty or 20% (3/15) full? Compare Vanguard with American Fund's "Income Fund of America, which did not support nine of 15 directors."
I read today that WFC dropped and addition $3+million into the pot as they were a little short on the number of people they used ! Have a great weekend, Derf
Comments
Good to see. Long over due, but not surprised that Vanguard is the first prominent player to do so.
"Vanguard funds supported 12 of 15 Wells Fargo directors on the ballot, and backed the company’s management on all nine shareholder proposals up for a vote at the April meeting. "
Is the glass 80% (12/15) empty or 20% (3/15) full? Compare Vanguard with American Fund's "Income Fund of America, which did not support nine of 15 directors."
I suppose that's still better than 100% empty.
Have a great weekend, Derf