VILLANOVA, Pa.—Villanova University President the Rev. Peter M. Donohue, O.S.A., announced that Pennsylvania Senator Robert P. Casey, Jr., will address the Class of 2011 as the University’s commencement speaker. Senator Casey will also receive the degree of Doctor of Letters, honoris causa. The commencement ceremony will be held at 10 a.m. on May 15 in Villanova Stadium. In the event of inclement weather, the ceremony will be held in The Pavilion.
In addition, the degree of Doctor of Commercial Science, honoris causa, will be given to John C. Bogle, founder of The Vanguard Group, Inc., a best-selling author and recognized trailblazer in the mutual fund industry.
COMMENCEMENT SPEAKER AND HONORARY DEGREE RECIPIENT:
Serving in the United States Senate for Pennsylvania since 2007, Senator Bob Casey views public service as a privilege and is working to foster financial security for American families, protect our children and invest in their futures, and ensure safety at home and respect abroad.
Sen. Casey has made it his top priority to work to help create and incentivize the creation of family sustaining jobs, and to help workers who lost their jobs through no fault of their own. As the new chairman of the Joint Economic Committee, he will continue this work while providing Pennsylvania with a stronger voice on job creation and economic policy. Sen. Casey has voted to provide billions for tax cuts to encourage businesses to hire workers and he voted for legislation that provided tens of billions in capital for small businesses to expand their operations.
In addition to his role on the Joint Economic Committee, Sen. Casey also serves on four additional Senate committees: Foreign Relations; Agriculture, Nutrition and Forestry; Health, Education, Labor and Pensions; and the Special Committee on Aging.
Shortly after entering the Senate in 2007, Sen. Casey was one of the first senators to call for a fast response to the mortgage crisis that was sweeping the country and that would contribute to the global financial meltdown. He helped secure funding for programs to keep people in their homes and to protect against further declines in property value.
Sen. Casey has introduced two landmark bills to increase access to early childhood education and reverse the chronic underfunding of child care. He was a strong supporter of the law that expanded the Children’s Health Insurance Program which was signed into law in February 2009 to provide health care coverage to more than 14 million American children.
Born and raised in Scranton, Pa., Sen. Casey graduated from The College of the Holy Cross in 1982 and spent the following year teaching fifth grade and coaching eighth-grade basketball in inner-city Philadelphia for the Jesuit Volunteer Corps. He received his law degree from Catholic University in 1988 and entered the practice of law in Scranton. Sen. Casey is the eldest son of former Pennsylvania Gov. Robert P. Casey Sr.
HONORARY DEGREE RECIPIENT:
John C. Bogle, founder of The Vanguard Group, Inc., and president of the Bogle Financial Markets Research Center, created Vanguard in 1974 and served as chairman and CEO until 1996 and senior chairman until 2000. He had been associated with a predecessor company since 1951, immediately following his graduation from Princeton University, magna cum laude in Economics.
Vanguard is the largest mutual fund organization in the world. Headquartered in Malvern, Pa., Vanguard comprises approximately 160 mutual funds with current assets totaling more than $1.4 trillion. Vanguard 500 Index Fund, the largest fund in the group, was founded by Bogle in 1975. It was the first index mutual fund. The story of his life and career is told in John Bogle and the Vanguard Experiment: One Man’s Quest to Transform the Mutual Fund Industry.
In 2004, TIME named Bogle one of the world’s 100 most powerful and influential people and Institutional Investor presented him with its Lifetime Achievement Award. In 1999, Fortune designated him as one of the investment industry’s four “Giants of the 20th Century.” In the same year, he received the Woodrow Wilson Award from Princeton University for “distinguished achievement in the nation’s service.” In 1998, Bogle was presented the Award for Professional Excellence from the Association for Investment Management and Research (now the CFA Institute), and in 1999 he was inducted into the Hall of Fame of the Fixed Income Analysts Society, Inc.
Bogle is a best-selling author of nine books. His most recent book, Don’t Count On It! Reflections on Investment Illusions, Capitalism, “Mutual” Funds, Indexing, Entrepreneurship, Idealism, and Heroes, was published by John Wiley in October.
Villanova University, a co-educational Roman Catholic institution, was founded by the Order of Saint Augustine in 1842. A premier institution of higher education, Villanova provides a comprehensive education rooted in the liberal arts; a shared commitment to the Augustinian ideals of truth, unity and love; and a community dedicated to service to others. A wide variety of undergraduate and graduate degree programs are offered through the University’s four colleges: the College of Liberal Arts and Sciences, the Villanova School of Business, the College of Engineering and the College of Nursing, as well as the Villanova School of Law. With a total enrollment that surpasses 10,000 undergraduate, graduate and law students, Villanova is the oldest and largest Catholic university in the Commonwealth of Pennsylvania.