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When traveling, Mr. Bogle usually took the train or flew coach. Below is the press release issued today by Vanguard, which we reprint in full. In 1991, he was named by the chairman of the Securities and Exchange Commission, Richard C. Breeden, to the Market Oversight and Financial Services Advisory Committee. And then he stretched out and put his head on the back rest., Before nodding off, Mr. Bogle issued instructions: If anybody wonders what Im doing, tell them Im dead.. He remained a man without pretense and pomposity. There was no bed or couch, he was informed. Mr. Bogle, a resident of Bryn Mawr, PA, began his career in 1951 after graduating magna cum laude in economics from Princeton University. Mr. Bogle readily took swipes at the press for lauding fund managers who temporarily got a hot hand, and for focusing heavily on a funds quarterly performance. Nevertheless, Mr. Bogle, to use a pet phrase, pressed on regardless. After retiring as Vanguards chairman and CEO in 1996 and its senior chairman in 2000, he became president of the Bogle Financial Markets Research Center, quartered in the Victory Building on the Vanguard campus. Mr. Bogle worked as the center's presidentanalyzing issues affecting the financial markets, mutual funds, and investors through books, articles, and public speechesuntil his death. At Blair and Princeton, Bogle endowed the Bogle Brothers Scholarships, which enabled scores of budding scholars to further their education. Bogle Eve Sherrerd 1956. Daughter: Barbara Josephine Bogle Renninger Daughter: Jean Sherrerd Bogle Son: John Clifton Bogle, Jr. To describe his new venture, Mr. Bogle coined the term "The Vanguard Experiment." Its about being a good husband, a good father, a good colleague, a good member of the community. He worked tirelessly toward that goal, and his message never changed with the investing climate. But Mr. Bogle eschewed the product- and marketing-driven thinking of much of the industry that has spread with the boom in mutual fund sales this decade. Children and grandchildren gathered at the family camp on Lake Placid. Vanguard announces the passing of John Clifton Bogle, founder of The Vanguard Group, who died today in Bryn Mawr, Pennsylvania. He was 89 years old. Motivated by a mix of pragmatism and idealism, Mr. Bogle was regarded by friends and foes alike as the conscience of the industry and the sheriff of Wall Street. He served as a director of Instinet Corporation, Chris-Craft Industries, Mead Corporation, The General Accident Group of Insurance Companies, Meritor Financial Group, Inc., and Bryn Mawr Hospital. Much of his own altruism stems from the fact that he was a scholarship kid., It will surprise no one who knew Jack that he directed his support to financial aid and promoting community service, said former Princeton president Shirley Tilghman. Mr. Bogle was incapable of retirement. Barbara Bogle, Barbara B Renninger, and five other persons are also associated with this address. It was an experiment in which mutual funds would operate at cost and independently, with their own directors, officers, and staffa radical change from the traditional mutual fund corporate structure, whereby an external management company ran a fund's affairs on a for-profit basis. We hope you will join us! He was a true American hero.. The decision was made as part of Vanguard's ongoing, comprehensive review of its global product lineup to ensure that each fund and ETF meets the evolving needs of clients. .

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