He was like the last honorable man, a complete straight-shooter, said Rick Stengel, former managing editor of Time and former president of the National Constitution Center, where he worked closely with Mr. Bogle, who then chaired the centers board. He told me the most important thing in a relationship is trust, and trust is based on honesty. Mr. Bogle attended Blair Academy in northwestern New Jersey, where he blossomed academically. "We are more than a mere industry," he insisted in a 1987 speech before the National Investment Company Services Association. My ideas are very simple, he told the financial columnist Jeff Sommer of The New York Times in 2012. Bogle was active in the investment industry. After his heart transplant in 1996, he returned to good enough health that he was able to play squash daily. Price: $3.60. Mr. Bogle is survived by his wife Eve, daughters Barbara Bogle Renninger (Scott), Jean . Mr. Bogle also went a step further in differentiating Vanguard from other companies that sponsor mutual funds. In addition to squash, Mr. Bogle enjoyed tennis and golf, sailing, and summering at Lake Placid, N.Y. What impressed me most about Jack was his humility and approachability, said Mel Lindauer, a leader of the Bogleheads and coauthor of The Bogleheads Guide to Investing. /CNW/ - Vanguard announces the passing of John Clifton Bogle, founder of The Vanguard Group, who died today in Bryn Mawr, Pennsylvania. Mr. Bogle. He married Eve Sherrerd in 1956. . Mr. Bogle was proud of the many jobs he held in his youth newspaper delivery boy, waiter, ticket seller, mail clerk, cub reporter, runner for a brokerage house, pinsetter in a bowling alley. As a subscriber, you have 10 gift articles to give each month. John Bogle has changed a basic industry in the optimal direction, the Nobel laureate Paul A. Samuelson wrote in a foreword to Mr. Bogles book Bogle on Mutual Funds, published in 1993. He studied economics at Boston's Harvard University and in his final year of university considered following in his parents' footsteps and pursuing a career in medicine. We had a chance to chat with Barbara Bogle Renninger, daughter of John Bogle, the founder of Vanguard Group during our 2018 Flame of Hope Gala. He made people aware of expenses, and told them that costs come right out of the bottom line.. Im writing what I want and saying what I want, and I think my name and reputation, for whatever thats worth, have been enhanced.. Like Perelman, Mr. Bogle carved a remarkable path. He told me the most important thing in a relationship is trust, and trust is based on honesty. Raymond G. Perelman, the master deal-maker and philanthropist who gave away more than $300 million to the University of Pennsylvania and other causes, died Monday at his home in Philadelphia. Vanguard CEO Tim Buckley. Mr. Bogles father, an improvident charmer, was ill-equipped to cope. Just find me a room. There, Mr. Bogle ordered his customary breakfast of two eggs over easy, fried potatoes, two slices of rye toast and coffee, all of which he consumed, Stengel recalled, in an incredibly systematic way. Mr. Bogle enjoyed helping the ordinary man of modest means make money. In addition to his son and daughter, Mr. Bogle is survived by his wife, the former Eve Sherrerd, whom he married in 1956; children Jeanne Bogle England, Nancy Bogle St. John, Sandra Hipkins Bogle, and John C. Bogle Jr.; and at least 12 grandchildren. But the Great Depression eventually erased the family fortune. Log in or sign up for Facebook to connect with friends, family and people you know. He said of the economy: The disparity in income is deeply regrettable. Mr. Bogles response was to switch doctors. Sign Up. Barbara Bogle is a resident of PA. Lookup the home address and phone 6106490638 and other contact details for this person. At Blair and Princeton, Bogle endowed the Bogle Brothers Scholarships, which enabled scores of budding scholars to further their education. Rebecca now resides at 314 Hathaway La, Wynnewood, PA 19096-1905. Jack could have been a multi-billionaire on a par with Gates and Buffett, said William Bernstein, an Oregon investment manager and author of 12 books on finance and economic history. He kept his wits sharp by daily attacking the New York Times crossword puzzle, which he was known to complete in less than 20 minutes. There, Mr. Bogle ordered his customary breakfast of two eggs over easy, fried potatoes, two slices of rye toast and coffee, all of which he consumed, Stengel recalled, in an incredibly systematic way. With his new pump, Mr. Bogle experienced an adolescent surge of vitality that left associates panting to keep up. (610) 649-0638 is Barbara's phone number. Mr. Bogle outlived three pacemakers, and kept a gym bag with a squash racket by his desk. He wore the same wool ties and suits forever, said son Andrew Armstrong Bogle. Mr. Bogle produced a scholarly opus that proved to be a blueprint for his career. Children and grandchildren gathered at the family camp on Lake Placid. Mr. Bogle was proud of the many jobs he held in his youth newspaper delivery boy, waiter, ticket seller, mail clerk, cub reporter, runner for a brokerage house, pinsetter in a bowling alley. Were never allowed to use the word product, he told an interviewer in 1995. We have 13 records for Andrew Renninger ranging in age from 25 years old to 58 years old. We've listed 14 related ones in 8 states. Indexing was the purview of institutional investors, but Jack Bogle came up with the consumer version, said Daniel P. Wiener, the editor of The Independent Adviser for Vanguard Investors, a newsletter and website that has tracked the company for decades. In December 1949, while leafing through Fortune, he happened upon an article about the embryonic mutual-fund industry, and Mr. Bogle developed the topic for his senior thesis. 2023. janur 14. Check out their phone numbers, address, and other contact details here. Bogle, then 76, had written his fifth book. His personal assistant, Michael Nolan, said the cause was esophageal cancer. The next year he again broke from industry practice, selling mutual funds directly to investors rather than through brokers, and thus eliminating the sales fees of up to 9 percent that funds typically charged. The third result is Barbara Renninger age 30s in . . Mr. Bogle at the Vanguard campus in Malvern, Pa., in 2012. In Memoriam - John C Bogle. John C. Bogle, who founded the Vanguard Group of Investment Companies in 1974 and built it into a giant mutual fund company, with $4.9 trillion in assets under management today, died on Wednesday at his home in Bryn Mawr, Pa. I thought there would be an exception for the companys founder, he said in 2012. Eve Bogle: Children: Yes (Sandra Bogle Marucci, Jean Bogle, Nancy Moore Bogle, Andrew Armstrong Bogle, Barbara Bogle Renninger, John Bogle Jr.) Dating/Girlfriend (Name): N/A: Profession: Investor, business magnate, and philanthropist: Net Worth in 2022: $85 million: Last Updated: December 2022 Vanguard announced his death. I dont think theres an author who spent greater care on the words he chose, said Falloon, the Wiley editor who worked with Mr. Bogle. He had no desire to be ostentatious, and he didnt hang out with just investment titans. When his children were growing up, he was almost always home for dinner. His civic work extended to organizations involved in education, leadership, and public affairs. He remained a man without pretense and pomposity. "Jack Bogle made an impact on not only the entire investment industry, but more importantly, on the lives of countless individuals saving for their futures or their children's futures," said Vanguard CEO Tim Buckley. Mr. Bogle is survived by his wife Eve, daughters Barbara Bogle Renninger (Scott), Jean Bogle, Nancy Bogle St John (Gordon), and Sandra Bogle Marucci (Buddy), sons John Clifton Bogle Jr . Refusing to surrender, Mr. Bogle persuaded the board of Wellington to split from the management company that canned him and appoint him to administer the funds at cost, thereby saving a bundle in fees. The thesis earned Mr. Bogle a top grade, and he graduated magna cum laude. Although he played no role in managing Vanguard after 2000, he continued to show up every weekday, usually in suit and tie and shined shoes, to discharge his duties as president of the Bogle Financial Markets Research Center. Along the way, Mr. Bogle attracted his share of critics. Despite the heavy demands on his time, Mr. Bogle put his family first. His greatest accomplishment, Mr. Bogle often said, was putting the mutual back in mutual funds. His most important innovation was the index fund. He was very emotional, and teared up easily over things. John Clifton Bogle early realized the value of a penny. Refusing to surrender, Mr. Bogle persuaded the board of Wellington to split from the management company that canned him and appoint him to administer the funds at cost, thereby saving a bundle in fees. He revered language, history, poetry, and classical wisdom, and frequently amazed and delighted people by reciting long passages of verse. He also responded personally to many of the letters written to him by Vanguard shareholders, and he wrote many reports, sometimes as long as 25 pages, to Vanguard employeeswhom he called "crew members" in light of Vanguard's nautical theme. This was a theme for Mr. Bogle and his successors: Vanguard is known today for maintaining investment costs among the lowest in the industry. Jack could have been a multibillionaire on a par with Gates and Buffett, said William Bernstein, an Oregon investment manager and author of 12 books on finance and economic history. 22:26. In a lot of ways, the last decade, an extra decade of my life, has been the happiest of my life, Mr. Bogle said in 2008. Whatever moral standards I may have developed over my long life, I have tried to invest my own soul and spirit in the character of the little firm that I founded all those years ago, he wrote in his 2008 book, Enough: True Measures of Money, Business, and Life. In 1997, he was appointed by then-SEC Chairman Arthur Levitt to serve on the Independence Standards Board. August 29, 2022. (Mr. Bogle named the company after Admiral Horatio Nelson's flagship at the Battle of the Nile in 1798; he thought the name "Vanguard" resonated with the themes of leadership and progress.). Another family rite revolved around the Fourth of July, a holiday that evoked Mr. Bogles strong sense of patriotism. The following month, Mr. Bogle underwent heart transplant surgery. In December 1999, he stepped down from the Vanguard board of directors and created the Bogle Financial Markets Resource Center, a Vanguard-supported venture. John C. Bogle, 89, who revolutionized the way Americans save for the future, championed the interests of the small investor, and railed against corporate greed and the excesses of Wall Street, died of cancer Wednesday at his home in Bryn Mawr, his family confirmed. Price: $3.60. Becky Pritchard. He cared enough about his clients to personally answer their letters; he cared enough about his employees to be on a first-name basis with thousands of them, and to pitch in at the phone banks when things got busy; and in the end, he cared enough about his country that he spent much of his last two decades away from home tirelessly crusading against an increasingly elephantine and dysfunctional financial system.. But Mr. Bogle became a harsh critic of the mutual fund industry in later years. And they wont be foolish enough to think that they can consistently outsmart the market.. Mr. Bogle regularly gave half his salary to charities. For example, Edward C. Johnson III, the chairman of Fidelity Investments, has a net worth of $7.4 billion, according to Forbes. Bogle wrote 12 books, selling over 1.1 million copies worldwide. John Clifton Bogle of Bryn Mawr PA died at home on January 16, 2019, surrounded by his family. He had no desire to be ostentatious, and he didnt hang out with just investment titans. Cision Distribution 888-776-0942 If the jockey carries a lot of extra pounds, its very tough for the horse to win the race.. Instead, he turned his company into one owned by its mutual funds, and in turn their investors, "that exists to provide its customers the lowest price. Inspired by the 1798 Battle of the Nile, during which Lord Horatio Nelson sank the French fleet, snuffing Napoleons dream of world conquest, Mr. Bogle chose the name Vanguard after Nelsons flagship. They had six children: daughters Barbara Bogle Renninger, Jean Bogle, Nancy Bogle St. John, and Sandra Bogle Marucci, and sons John C. Bogle Jr. and Andrew Armstrong Bogle. Rebecca celebrated 36th birthday on June 1. Andrew Renninger, Barbara B Renninger, and five other persons spent some time in this place. National Council on Economic Education Visionary Award, 2007. 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