Vanguard’s Curse: New CEOs Presage Unwinding Of `Frothy’ Markets

Leadership is changing at Vanguard Group Inc., and if history’s any guide investors should watch out.

Each time the $4.4 trillion money manager has named a new chief executive officer, U.S. stocks have found themselves in the throes of temporary destruction. A few years after its legendary founder Jack Bogle stepped down, the technology bubble burst.

from FA News http://www.fa-mag.com/news/vanguard-s-curse–new-ceos-presage-unwinding-of–frothy–markets-33798.html

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