Haas Newsroom


Vanguard Founder to Be Honored at Haas School Financial Reporting Conference


Oct. 18, 2006


Media Contact:
Ute S. Frey
UC Berkeley Haas School of Business
510-642-0342
frey@haas.berkeley.edu


John C. Bogle, founder of the Vanguard Group, will be honored with the Berkeley Award for Distinguished Contributions to Financial Reporting at the 17 th annual Conference on Financial Reporting, to be held on Friday, October 27, at the San Francisco Marriott Hotel.


Bogle will also deliver the conference's lunch keynote, "A Tale of Two Markets," a look at earnings management and ethics in financial reporting.


A committee of accounting standard-setters, corporate financial executives, and academics selected Bogle for this award. "Mr. Bogle is an outspoken advocate of strong business ethics and an ambassador for the high quality financial reporting to which Haas is committed," says Solomon Darwin, executive director of the Haas School's Center for Financial Reporting and Management, which is presenting the conference.


Bogle is founder of the Vanguard Group, Inc., one of the two largest mutual fund organizations in the world. He is also president of Vanguard's Bogle Financial Markets Research Center. Bogle created Vanguard in 1974 and served as chairman and chief executive officer until 1996 and senior chairman until 2000. The Vanguard 500 Index Fund, the largest fund in the group and the first index mutual fund, was founded by Bogle in 1975.


In 2004, T ime magazine named Bogle one of the world's 100 most powerful and influential people. He had previously been designated as one of the investment industry's four "Giants of the 20th Century" by Fortune magazine in1999. He is a recipient of the Woodrow Wilson Award from Princeton University for "distinguished achievement in the nation's service."


Bogle is the author of numerous books on investing, as well as Battle for the Soul of Capitalism, his 2005 look at corporate excess and what he sees as the misplaced priorities of mutual fund firms. His newest book, The Little Book of Index Investing: The Only Guaranteed Way to Earn Your Fair Share of Financial Market Returns, will be published in March 2007.


The all-day conference will address several key themes, including: emerging issues in financial reporting, such as fair value and transition issues for global corporations; Sarbanes-Oxley compliance issues; and complexities in financial reporting, such as principles-based vs. rules-based standards. FASB board member Thomas Linsmeier will deliver the opening address.


For more information on the conference and to register, visit http://groups.haas.berkeley.edu/accounting/cfrm/conferences/17annual/.