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A comment on Vanguard Is Growing Faster Than Everybody Else Combined. Parent comment

Re:Vanguard Is Growing Faster Than Everybody Else Combined by jalopy on Wednesday April 19, 2017 @11:32AM (#14148427)
But then that would be active management. This is something Vanguard expressly does not do.
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Re:Vanguard Is Growing Faster Than Everybody Else Combined by sigstoat on Wednesday April 19, 2017 @01:39PM (#14149825)
That's not what active management is. "We believe that our active engagement demonstrates that passive investors don’t need to be passive owners."

https://about.vanguard.com/vanguard-proxy-voting/

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Re:Vanguard Is Growing Faster Than Everybody Else Combined by jessriedel on Wednesday April 19, 2017 @02:48PM (#14150574)
To clarify for other: the distinction is between (1) active choice of what stocks to buy and (2) active voting as a shareholder.
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Re:Vanguard Is Growing Faster Than Everybody Else Combined by wbl on Wednesday April 19, 2017 @11:52AM (#14148612)
They don't do active fund management AKA stockpicking. The sure do care about making sure management doesn't have it's hand in the till.
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Re:Vanguard Is Growing Faster Than Everybody Else Combined by jalopy on Thursday April 20, 2017 @11:41AM (#14157655)
By "active management" I mean actively taking a role in shaping company management, board makeup, corporate governance, say on pay, etc.

While Vanguard may vote all their shareholder proxies, they almost always vote along with the recommendations of management - practically never holding management accountable.

Proof: Take a look at their actual voting record on the S&P 500 fund https://about.vanguard.com/vanguard-proxy-voting/supporting-...

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