Big news about Vanguard, a giant company that manages lots of money! Some state treasurers are unhappy with Vanguard's choices for its board of directors. They think Vanguard is paying too much attention to things like the environment and social issues, and not enough to making money.
- State treasurers are upset about Vanguard's focus on environmental and social issues.
- They think this focus is hurting investment performance.
- Vanguard has made some changes, like reducing its focus on climate change.
| Issue | Details |
|---|---|
| Vanguard's Assets | $10.1 trillion |
| Missouri's Portfolio with Vanguard | $4.5 billion |
| Texas's Portfolio with Vanguard | $1.86 billion |
| Pennsylvania's Portfolio with Vanguard | $6.2 billion |
This is a big deal because it shows how disagreements about investing are affecting politics.
