This idea resonated and complimented Hill’s own vision and underlined the fact that despite the many differences between the two men, there was common ground as well.
Hill emphasized the vision that the different board members shared, rather than their differences. His first instinct was not to sow more dissent but rather to validate Bogle’s role, while still attempting to move the company forward with a common vision. Moreover, he also empowered Bogle by specifically telling Bogle to go forth and realize his aim. But implied in this statement was the fact that Bogle had to work with other board members to ensure that he was able to function in an optimal manner and reach critical benchmarks.
Eventually, the board of directors, unified by that simple commitment, decided to shift all operations over to the original Vanguard organization. The Boston faction grew less powerful in terms of the strategic direction of the firm but Bogle remained true to his commitment afterward to place the firm and its objectives first, not his own egotistical needs. Hill’s willingness to take an active role to smooth the interpersonal frictions on the board is an example of how a good board member must operate. Hill was well-versed in the needs of the organization, thus he…
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