March 31, 2005 |
Charles Schwab, founder and chief executive of the discount brokerage firm that bears his name, declined to accept a $4.5-million bonus, according to a regulatory filing Wednesday. Charles Schwab Corp. shares rose 1% last year, lagging behind a 15% rise in the Amex Broker-Dealer index. The stock rose 34 cents Wednesday to $10.43 on the New York Stock Exchange. Schwab, who owns 19.
July 29, 2004 |
Charles Schwab Corp. said Wednesday that it planned to close 53 more branches and that it had laid off an additional 245 workers, beginning an upheaval that the brokerage firm telegraphed last week when it abruptly changed CEOs. The office closures represent 16% of Schwab's 339 branches across the country. The retreat will leave Schwab with fewer than 290 branches, down from about 400 three years ago.
July 21, 2004 |
Struggling to find a viable growth strategy in the brokerage business, Charles Schwab Corp. dumped its chief executive Tuesday and gave the helm back to its namesake founder. The surprise move raised new questions about the San Francisco-based firm's efforts in recent years to diversify its operations away from the discount brokerage business it pioneered 30 years ago. Schwab said CEO David S. Pottruck, 55, had quit and was immediately succeeded by Charles R.
August 20, 2003 |
Law enforcement authorities were attempting Tuesday to find a motive and the culprit behind explosive devices found Monday at the Pebble Beach, Calif., home of Charles Schwab and the Carmel office of the discount brokerage firm he founded. The devices, which consisted of briefcases full of wires, telephone parts and propane canisters, were dangerous, according to the Monterey County sheriff's office, which exploded the containers late Monday with the help of a bomb squad.
CALIFORNIA | LOCAL
August 19, 2003 |
Bombs were found Monday at the home of businessman Charles Schwab and at an office for his stock brokerage. One device, a package with wires sticking out of it, was found at a Charles Schwab Corp. office at a mall in Carmel about 7:15 a.m. A similar device was found later on the doorstep of Schwab's home in Pebble Beach, according to Donna Galletti, spokeswoman for the Monterey County Sheriff's Department. It was unclear whether Schwab was at home when the device was discovered, Galletti said.
August 6, 2003 |
Charles Schwab, who resigned three months ago as co-chief executive of the discount brokerage firm he founded in 1971, sold 2.6 million shares in the company for $26.2 million in the last week. Schwab, who turned 66 on July 29, sold 1 million shares of San Francisco-based Charles Schwab & Co. at $9.88 each on Aug. 4 and another million -- half at $10.10 a share and half at $10.04 -- on Aug. 1, the company said in a filing with the Securities and Exchange Commission.