Evidence receipt / commitment
Published · transcript-backedDavid Rosenthal: commitment
18 May 2026 Acquired Vanguard
“I don't exactly know the answer, but what I will tell you to bring us to today here is that 24 months, in May of 2024, Vanguard made another big CEO announcement that they were bringing on the first outside CEO in the firm's entire 50-year history, Salim Ramji, from BlackRock, where he was until that point in time, head of the iShares division.”
Source trail
Everything needed to verify it.
- Speaker
- David Rosenthal
- Attribution
- Verified speaker
- Claim type
- commitment
- Recorded
- 18 May 2026
- Publisher
- Acquired
- Episode
- Vanguard
Transcript context
…Right. And to put a finer point on obviously superior, it was with Vanguard undercutting them on price and being structurally incentivized by their shareholders to do so. Yep, yep. And we kind of had to change it here as we went through the research of, oh, actually Fidelity and BlackRock are doing so well. Is the question actually flipped, that Vanguard's model is holding it back? I don't exactly know the answer, but what I will tell you to bring us to today here is that 24 months, in May of 2024, Vanguard made another big CEO announcement that they were bringing on the first outside CEO in the firm's entire 50-year history, Salim Ramji, from BlackRock, where he was until that point in time, head of the iShares division. So that really says a lot, right there. And the question is, can he fix the challenges that Vanguard is facing right now? And to itemize those, it's what, customer service, technology-…
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