This was no smooth move. Bogle quits the board but stays in his bully pulpit with a new research job at Vanguard. He told me when I met him recently in his office at Vanguard's suburban Philadelphia headquarters. Your final days were pretty rocky. Life is complicated.
People are complicated.
I think we all do our best in some of these struggles. We all have egos, we all have pride. The time comes when you have to put that aside and make things work. The best place to start looking into this is money-market funds, because there's no ability to add value. We've all got to do our best to hold back the tide.