Word: vanguardism
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...Strong Funds is accused of doing. (Richard Strong has said he will reimburse the fund for any gains found to be improper.) But cleaning up the mutual-fund industry will take more than that. "I don't see this as a governance issue," says John Brennan, chairman of the Vanguard Group. "Half the named funds [in the scandal] had independent chairmen...
...should leave your money where it is. If you're sticking around to cash in on the "restitution" that the fund companies have promised to pay for any damage their misdeeds caused, forget it. "After the lawyers get through with it," says John Bogle, the founder of the Vanguard funds, "I'd be surprised if anybody gets more than a penny per share...
...ethically challenged fund in a retirement account--where there's no tax hit for cashing out--you should make your move. Switch to a low-cost firm like Vanguard, Fidelity or T. Rowe Price. If your old fund company cleans up its act, you can always move back. But for now, why take chances? --By Jason Zweig
...President Bush as a gun-slinging cowboy running roughshod over the international community was a convenient extension of that same stereotype. Now, of course, it is more important than ever that Americans disprove that perception of themselves. And Harvard students should, of course, strive to be in the vanguard of that offensive...
...members are furious over the split with Roh and have vowed to stop the new vanguard from scoring big at the ballot box. With his own popularity in free fall, analysts say Roh could wind up leading a minority party, his presidency paralyzed by a conservative opposition and a vengeful MDP. "He could remain as a lame-duck President," says Ahn Chung Si, a political scientist at Seoul National University. "If that doesn't work out, he may have to step down...