David Miller from the Princeton Faith & Work Initiative interviews John Bogle*, founder of Vanguard. Bogle says we should be compensating executives for increasing shareholder value. The measurement criteria should be based on increasing the intrinsic value of the corporation by increasing year over year cash flow. Worthwhile interview on a range of topics including, “How do you stay ethically fresh?”
Bogle: “Leave everything you touch a little bit better than you found it.” Good words to live by.