Vanguard founder John C. "Jack" Bogle is urging the Securities and Exchange Commission to require mutual fund companies to better disclose how much top executives are paid in salary, bonus and perks, in a letter he sent to regulators on April 10.

"The Commission's new proposals for compensation disclosure provide a timely opportunity to rectify the previous omission of compensation data for mutual fund executives," wrote Bogle in his letter available on the SEC web site.

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