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Financial Analysts Journal 16 April 2018 Volume 74 Issue 3

The Modern Corporation and the Public Interest

John C. Bogle

Overview

In this essay, I discuss the problems associated with the rise of institutional investors and the concentration of stock ownership. I seek to answer the question, What is the public interest that the modern corporation should serve? I provide solutions for achieving a modern capitalism that place fiduciary duty and the public interest first.

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About the Author

John C. Bogle

John C. Bogle is founder and former chief executive of the Vanguard Group, Valley Forge, Pennsylvania, and president of its Bogle Financial Markets Research Center.

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