when the new CEO was selected, base rates for his background were not inspiring ; he made his bones based on hyperscaling ETFs for fees.
with actually zero 'technology' expertise, the more likely outcome for vanguard was same quality of service costing more, and\or cuts to functionality not serving up profits.
now IAV jumps in on a 'not-for-profit' company whose CEO likely is compensated similar (~$30m/yr) to blackrock's Fink.
IAV post 2025 july:
"Many long-term investors have built wealth using low-cost index funds. But it’s the selling of those index funds—not owning them—that’s been filling Vanguard executives’ bank accounts...
Just because Vanguard is private doesn’t mean it can’t disclose compensation details. It simply chooses not to...
For a firm that prides itself on penny-pinching and low-cost indexing, Vanguard’s leaders sure seem to be stuffing their bank accounts with a lot more than pennies."
