The Battle for the Soul of Capitalism

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John C. Bogle, founder of The Vanguard Group, Inc., one of the two largest mutual fund organizations in the world, argues that top executives and institutional money managers effectively conspire with each other to claim between a third and a half of the long-term savings and investment of ordinary Americans. A life-long Republican who Time magazine named one of the world's 100 most powerful and influential people in 2004, Bogle challenges corporate managements to reform their pay packages, accounting gimmicks, and short-term perspective.