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David Pottruck

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BUSINESS
March 30, 2004 | From Bloomberg News
Charles Schwab Corp. Chief Executive David Pottruck's compensation more than tripled last year to $3.6 million, even as the company said in a filing Monday that he and Chairman Charles Schwab waived bonuses for a second straight year to build employee morale. Pottruck, 55, was paid $2.5 million in restricted stock and $1.1 million in salary and perquisites, up from $1.
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BUSINESS
March 30, 2004 | From Bloomberg News
Charles Schwab Corp. Chief Executive David Pottruck's compensation more than tripled last year to $3.6 million, even as the company said in a filing Monday that he and Chairman Charles Schwab waived bonuses for a second straight year to build employee morale. Pottruck, 55, was paid $2.5 million in restricted stock and $1.1 million in salary and perquisites, up from $1.
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BUSINESS
April 2, 2002 | Bloomberg News
Charles Schwab Corp. slashed the pay of its two top executives 93% last year, when the San Francisco-based discount brokerage firm fired about 6,000 employees as earnings fell. Charles Schwab and David Pottruck, the firm's co-chief executives, each earned $650,000 in 2001. They each had earned $8.9million in salary and bonus in 2000. The executives also were granted stock options valued at about $13 million, assuming a 5% gain in each of the next 10 years.
BUSINESS
December 7, 1998 | KAREN KAPLAN
Outgoing House Speaker Newt Gingrich appointed a Californian and four others last week to the Advisory Commission on Electronic Commerce, a new board established by the Internet Tax Freedom Act. Dean Andal, chairman of the California State Board of Equalization, joined the 19-member advisory board, which will study issues related to taxes and tariffs on Internet access and online transactions.
BUSINESS
February 18, 2004 | From Reuters
Charles Schwab Corp., the biggest U.S. discount brokerage, said Tuesday that client stock trading in January rose 28% from December levels but surged 70% from the year-ago month. Schwab, based in San Francisco, reported 215,000 daily average revenue trades for January.
BUSINESS
December 3, 1997 | Associated Press
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.
BUSINESS
February 1, 2003 | From Times Wire Services
Discount brokerage Charles Schwab Corp. said Friday that it would split the jobs of chairman and chief executive in a bid to guard against concerns over its corporate governance structure. Charles Schwab, the 65-year-old founder of the world's biggest discount brokerage, will give up his co-CEO post but remain chairman, helping set strategy and representing the San Francisco-based firm to the public, spokesman Glen Mathison said. David S.
BUSINESS
March 16, 2001 | Bloomberg News
Charles Schwab Corp. said earnings will probably miss analysts' expectations because of the stock market plunge. The No. 1 discount broker might announce job cuts this month as trading by clients fell to its lowest level since August. After losing 48% in the last year, Schwab's market value has fallen to $23 billion, about half that of Merrill Lynch & Co., the biggest U.S. brokerage by assets. Schwab and Merrill's market values were even at the beginning of 2000.
BUSINESS
August 16, 2001 | Bloomberg News
Charles Schwab Corp., the biggest discount brokerage firm, said commission trading in July dropped for the sixth time in seven months as slumping stocks discouraged individual investors. "It is clear that economic and market uncertainty continue to weigh on trading volumes, revenue and the mentality of the retail investor," Schwab Chief Financial Officer Christopher Dodds said. The ongoing decline in trading foreshadows further cost reductions at Schwab, analysts say.
BUSINESS
May 27, 1988 | BILL SING
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.
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