Financial Analysts Journal 16 April 2018 Volume 74 Issue 3
The Modern Corporation and the Public Interest
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
About the Author
John C. Bogle was founder and former chief executive of the Vanguard Group, Valley Forge, Pennsylvania, and president of its Bogle Financial Markets Research Center.