Vanguard's Chairman Says Every CEO of a Public Company Should Be Able to Answer 7 Questions

• Vanguard chairman Bill McNabb believes that American public companies have been chasing short-term gains at the expense of long-term value for too long.
• McNabb is the co-chair of the CECP's Strategic Investor Initiative, dedicated to fostering a dialogue between CEOs and investors.
• He's the lead author of a letter that proposes seven questions CEOs should be able to answer in meetings with investors, to alleviate toxic short-termism.
• This post is part of Business Insider's ongoing series on Better Capitalism.

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