Bring Jack Bogle Back, Say <I>TSC</I> Readers

Readers react to Vanguard's decision to stick to its retirement policy with John Bogle.
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Vanguard's Senior Chairman John Bogle, who founded the fund company in 1975, will be subject to its rule requiring directors to retire at 70. Staff reporter Joe Bousquin interviewed Bogle about the matter in a Thursday story, and James Cramer voiced his opinion on Vanguard's policy in a column published earlier today. Here, TSC readers offer their thoughts about Bogle's impending step down.

I have been a

TheStreet.com

subscriber since July 1997, and I will remain one for life. Thanks for your insight during the last two years and your John Bogle column today. How dare the Vanguard board not make an exception for him? I have written Vanguard that I will withdraw my funds if the company doesn't change its mind and I mean it.

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Ron Coleman

(received 8/13)

Great piece on the brain cloud -- being polite, you understand -- at Vanguard. No, I'm not there and I don't know the details.

So make it an opportunity. Be the first one to set Jack up with a better deal. Say you have enough to do? Oh well, it was a thought...

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Howard White

(received 8/13)

I agree 100%! I met Jack Bogle at a recent conference in Los Angeles. He has twice the energy of anyone in this industry (except maybe for you, Cramer), and he's twice their age.

He literally made that company what it is today.

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David Lerman

(received 8/13)

I agree. How can they be so stupid? Ego and greed are the answers.

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Alan Rosenblat

(received 8/13)

I very much agree. Jack Bogle and his Vanguard have made money for me. I read his recent book and bought more copies to send to friends and family.

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Howard Goldberg

(received 8/13)

I was shocked yesterday when I heard the news. If this does happen, he will continue to speak out and become more of a legend as Vanguard loses strength.

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Jan and Bob Healey

(received 8/13)

Good insight on a company quickly going down the tubes. Since Jack Brennan took over, it has been heading downhill fast. Vanguard botched one of my trades back in May, costing me almost $1,000 before I discovered the representative's mistake.

Customer service was awful and condescending. The company no longer seems to care about its customers. My money is long gone.

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Scott Furness

(received 8/13)

Great piece. I've recently been preparing a big change in my Vanguard retirement portfolio for one reason and one reason only: John Bogle. That's now on hold, and I'll be emailing Vanguard to let them know.

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Mike McEvoy

(received 8/13)

I couldn't agree with you more about Vanguard's misjudgment. John Bogle is Vanguard. I will withdraw all my funds from the company if it doesn't reverse its decision!

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Duncan Facey

(received 8/13)

I think Vanguard is making a huge mistake even thinking of leading a man of the brilliance and character of John Bogle out the door. This man is Mr. Vanguard. Has the company forgotten how to think honorably and with common sense?

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Frank Simmonds

(received 8/12)

I am an admirer of John Bogle, both for his investment wisdom and his strong sense of ethics. I'm also an investor in Vanguard funds and believe Jack Brennan and associates would be well advised to invite him to continue to counsel with them as a director.

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Gene Mulligan

(received 8/12)