Short Take: Vanguard urges Internet voting

Vanguard, one of the country's largest mutual fund companies, is encouraging its shareholders to use the Internet or its automated phone service telephone to vote on issues raised at its annual meeting. The company told mutual fund shareholders that the resulting savings in both time and postage would be passed on to them. Most companies send shareholders mail ballots and pay the return postage in order to encourage participation.

May 12, 1998 7:05 p.m. PT

, one of the country's largest mutual fund companies, is encouraging its shareholders to use the Internet or its automated phone service telephone to vote on issues raised at its annual meeting. The company told mutual fund shareholders that the resulting savings in both time and postage would be passed on to them. Most companies send shareholders mail ballots and pay the return postage in order to encourage participation.