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Vanguard boosts boss bonuses 12%: report

Says Dan Wiener

"Crew members and executives will see a 12.0% increase in their dividend, to $185.44 from $165.57 for 2015," under Vanguard Group's Partnership Plan, writes Independent Adviser for Vanguard Investors publisher Daniel Wiener in a report to clients, citing sources at the Malvern mutual fund giant.

Senior managers get most of their compensation from bonuses; hourly employees are mostly excluded. The increase was similar to last year's, though Vanguard growth was down with the markets in 2015, Wiener noted. Last year veterans also got a special 40th anniversary bonus.