The Modern Corporation and the Public Interest

John C. Bogle

Financial Analysts Journal, 2018, vol. 74, issue 3, 8-17

Abstract: Video abstractIn 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 is the public interest that the modern corporation should serve? I provide solutions for achieving a modern capitalism that place fiduciary duty and the public interest first. Disclosure: The views expressed in this essay are solely those of the author and do not necessarily represent the opinions of Vanguard’s present management.Read the transcript

Date: 2018
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DOI: 10.2469/faj.v74.n3.1

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