Vanguard operates at cost and they don’t have the ability to do anything but transfer earnings to their customers. No evil corporate skimmers like we see in publicly held firms (like um twitter)
They aren’t able to retain earnings… simple homework to find out what their at cost business model means.
If your like your 401k to earn money, then you like Vanguard fund managers including a rising stock in the fund.
If you care only about politics and personalities… dig a hole and invest your money there.
