Dimas added that without a breakthrough, there could be a "collapse" of the ETS, which the Europeans see as the vanguard of a potential worldwide carbon cap-and-trade system.

迪马斯补充说，如果没有突破，ETS就可能“崩溃”，而欧洲人将EST视为一个潜在的全球碳总量限制和交易系统的先驱。

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But note that Vanguard's incentive pay system, created in 1984 by founder John Bogle , is more or less the inverse of what you would see at a for-profit firm.

FORBES

By the end of June, top institutional holders included Goldman Sachs Group (nyse: GS - news - people ), Vanguard and the Ohio Public Employees Retirement System.

FORBES: Attack On Pegasus

Institutional holders as of June 30 included Barclays Global, Goldman Sachs, Deutsche Bank, Vanguard , Mellon Financial, and the Ohio Public Employees Retirement System.

FORBES: Magazine Article