December 3, 1997 |
The founder of Charles Schwab Corp. has decided to share the chief executive's title. David Pottruck, president and chief operating officer of the San Francisco-based discount broker, will get the additional title of co-chief executive starting Jan. 1. However, Charles R. Schwab will continue as chairman, and Pottruck will continue to report to him. Schwab, 60, stressed the move should not be considered as a step toward his own retirement. He has said in the past that he may never retire.
May 27, 1988 |
Charles Schwab Corp. named Lawrence J. Stupski as chief executive of Charles Schwab & Co., its discount-brokerage subsidiary, a title previously held by company founder Charles R. Schwab. The move frees Stupski, 42, from day-to-day responsibilities for the unit so he can join founder Schwab, 50, in long-term strategic planning, a spokesman for the San Francisco-based firm said.
April 6, 1995 |
Charles Schwab Corp., the largest U.S. discount brokerage, said Wednesday it plans to buy ShareLink Investment Services, one of Britain's biggest discount brokerage firms, for about $65 million. The move would give Schwab a real presence in Britain, where it currently has a single office and serves mainly Americans living there. "Markets outside the U.S. represent an important opportunity for us," said Charles R. Schwab, the company's chairman.
March 22, 2006 |
Charles R. Schwab, chairman and chief executive of the brokerage firm that bears his name, is protected by the company -- literally. San Francisco-based Charles Schwab Corp. has spent $2.68 million since 2003 for security systems and equipment to protect the company's founder and its public face, according to its proxy, which was filed Monday with the Securities and Exchange Commission.
July 8, 2005 |
Shares of Charles Schwab Corp. rocketed Thursday as much as 15% on speculation that it could be taken over by a London bank, but the giant discount brokerage quickly moved to douse the speculation. "We have no interest in selling the company," Chairman and Chief Executive Charles R. Schwab said in a statement after trading in the shares was halted by the New York Stock Exchange.
October 5, 2004 |
Charles Schwab Corp. the biggest discount brokerage, said Monday that it would cut trading commissions for the second time since May in a bid to outmaneuver rivals amid fierce competition. The struggling company, which in July ousted its chief executive and brought founder Charles R. Schwab back to run the business, said its basic commission for online stock trades of as many as 1,000 shares would fall 33%, from $29.95 to $19.95, effective Nov. 1.