Congratulations on your appointment as CEO of Vanguard. Your achievements are awe-inspiring, and you must be proud. Allow me to introduce myself: I am a Class B General Contractor based in Silicon Valley. I serve clients such as the VA Hospitals in Menlo Park and Palo Alto and major corporations like Google, IBM, Intel, Apple Inc., etc. Additionally, I have over 4,000 residential clients and hold the top spot on Yelp, which is quite an accomplishment.
Despite my success, I don't often boast about being a contractor due to the stereotypical perceptions that associate contractors with car dealers, real estate agents, BANKERS, and politicians (not you, Bernie).
This brings me to a pressing issue: Vanguard is the largest shareholder of Wells Fargo, correct? As you may know, Wells Fargo has been involved in significant scandals involving client exploitation; OMG, Wells Fargo was ripping off its clients!
Given Vanguard's stake in Wells Fargo, did Vanguard benefit financially from these fraudulent activities? A simple yes or no will suffice. Furthermore, it doesn’t appear that much has changed at Wells Fargo.
Moreover, regarding Vanguard's involvement with other financial institutions, is it true that Vanguard is the third-largest shareholder of TD Bank? Allegations have surfaced regarding TD Bank's involvement in money laundering for the cartels.
