Whose Capital Is It? Putting Owners Back in Control

Bogle, John
April 2006
Business Economics;Apr2006, Vol. 41 Issue 2, p47
Academic Journal
Demonstrates the negative consequences of the change from owners' capitalism to managers' capitalism on corporate, investment and mutual fund industries in the U.S. Rise of the financial engineering of corporate financial and earnings statements; Impact of managers' capitalism on investment industry; Factors that prevent the shakeout of actively managed funds.


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