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Topic: Charles Schwab Company

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	Fool.com: The Return of Chuckie [Commentary] July 21, 2004 (Site not responding. Last check: 2007-10-30)
		Charles Schwab was the company applying the pressure when the government elected to deregulate commission pricing for the U.S. exchanges more than 20 years ago.
		It is somewhat rare for a company to push a chief executive out the door on the day of the announcement, unless there is some real pressing reason that he or she should not hold the reins for another second.
		Schwab was waiting in the wings, plus the fact that the remainder of the management team remains in place, this suggests to me that the company moved quickly because it had the luxury to do so.
	www.fool.com /news/commentary/2004/commentary04072102.htm (1533 words)

	Charles Schwab
		Charles Schwab is to sell its 50% stake in Scottish broker Aitken Campbell to TD Waterhouse, but will retain a UK presence by setting up a US dollar office in London later this year.
		Charles Schwab is to shed up to 180 of its 850 UK staff, due to a fall in trading volumes in its stockbroking business.
		Charles Schwab of the US is planning to set up a network of about 12 stockbroking branches in the UK, in order to provide account information and give share-dealing demonstrations.
	www.ukbusinesspark.co.uk /chb44813.htm (317 words)

	Reappointment of Schwab founder to top spot 'indefinite', exec says (Site not responding. Last check: 2007-10-30)
		The reappointment of Charles Schwab Corp.’s founder to the position of CEO is for an “indefinite” period, according to the company’s CFO.
		Schwab also reported second-quarter earnings of $113 million, or 8 cents per diluted share, a penny shy of the Thomson First Call mean estimate and compared to $126 million, or 9 cents per share, in the year-ago period.
		Schwab experienced a $6.0 billion outflow in June related to the mutual fund clearing business, but excluding this “nonrecurring” event, new and existing clients brought $12.7 billion in net new assets in the second quarter, for $998 billion in client assets at quarter-end, up 18% from a year ago.
	www.snl.com /financial_svc/archive/20040726si.asp (605 words)

	Review: Charles Schwab (Site not responding. Last check: 2007-10-30)
		Such is the way John Kador opens Charles Schwab, his provocative look at the company that reinvented the brokerage industry, and the man whose virtuous stand on helping average investors help themselves served as the physical and spiritual beacon for a great revolution to take place within corporate walls.
		Charles Schwab explores all angles of this company's rise to prominence and its owners insistence on playing not by Wall Street's 200-year-old rules, but by his own—which put integrity and virtue above all else.
		Obviously, the company made it through this episode, but it was a painful lesson that—true to form—became a mighty piece of bedrock in the future course of the organization.
	www.wordjourneys.com /bookstand_f/kador/kador_review.htm (676 words)

	Chuck Schwab, I Presume? (Site not responding. Last check: 2007-10-30)
		Schwab has a lot on his plate these days, and he had repeatedly turned away my requests for interviews in the past, even when I was writing my book on the company.
		Charles Schwab and Co. now serves more than 8 million people, and not all of them are of just average means.
		For customers and shareholders, Schwab's commitment to preserving his legacy is both a blessing and a curse: A blessing because there is no one better positioned than Chuck Schwab to move the company to the next level; a curse for the same reason.
	www.registeredrep.com /mag/finance_chuck_schwab_presume (745 words)

	The Charles Schwab Corporation Appoints David S. Pottruck as Co-CEO
		Founder Charles R. Schwab Continues as Chairman and Co-CEO SAN FRANCISCO, Dec. 1 /PRNewswire/ -- Charles R. Schwab, Chairman and Chief Executive Officer of The Charles Schwab Corporation (NYSE: SCH), today announced the appointment of David S. Pottruck as co-Chief Executive Officer, reflecting the Company's tremendous growth and its numerous opportunities for continued expansion.
		Schwab said his role at the firm will remain unchanged as a result of the appointment, which is effective January 1, 1998.
		Schwab, noting the similar relationship he enjoyed with Lawrence J. Stupski, who was President and COO for more than a decade and served as Vice Chairman from 1992 to 1997.
	www.prnewswire.com /cgi-bin/stories.pl?ACCT=105&STORY=/www/story/12-1-97/369028 (724 words)

	WHY WALL ST. HATES CHARLES SCHWAB (Site not responding. Last check: 2007-10-30)
		Kador praises Schwab's ethics-driven culture and notes that the company has been untouched by the industry scandals and conflicts of interest that are headlining the financial news.
		Schwab has not laid out a succession strategy and seems unable to articulate a mission for the company that bears his name and will be his legacy.
		They believe not only that Schwab is a company whose accounting practices are safely within the bounds of the law, but that it is an organization where people look facts in the eye, speak plainly, and avoid promoting initiatives they haven't yet achieved.
	www.registeredrep.com /mag/finance_why_wall_st/index.html (1504 words)

	Business: Schwab founder returns to rescue sinking broker
		Even as Schwab was posting a decline in its profit for the latest quarter, Ameritrade reported a 25 percent increase in its profit for the three months ended in June while E-Trade Financial reported that its quarterly profit rose nearly tenfold.
		Although he is 66, Charles Schwab plans to remain the company's CEO "indefinitely," Dodds said.
		Schwab recently cut another 275 jobs, primarily by closing a customer service center in Orlando and plans to jettison even more positions during the next five months through a combination of attrition and layoffs, Dodds said Tuesday.
	www.sptimes.com /2004/07/21/Business/Schwab_founder_return.shtml (627 words)

	deseretnews.com \| Schwab replaces its CEO with . . . Schwab
		Schwab reported a 10 percent drop in its profit for the three months ended June, reversing a recent streak of improved earnings.
		Even as Schwab was posting a decline in its profit for the latest quarter, Ameritrade, based in Omaha, Neb., reported a 25 percent increase in its profit the the three months ended in June, while E-Trade Financial reported its quarterly profit rose nearly 10-fold.
		But the company's spotty performance in a volatile stock market apparently prompted the decision to give the reins back to Schwab, who had been acting as chairman, a position he will continue.
	www.deseretnews.com /dn/view/0,1249,595078633,00.html (541 words)

	Wired 7.11: Reboot
		Charles Schwab believed - and still believes - that he was helping lead a revolution that gave the individual investor more power.
		The company's 13,000 employees all seem to be eager conscripts in his army; ask any one about their objective, and he or she will likely voice the mission statement: "to provide the most useful and ethical financial services in the world."
		Schwab's corporate headquarters in San Francisco lacks ostentatious decoration; the only sign that you've arrived on the executive floor, where Schwab and Pottruck have their offices, is a roomier-than-usual reception area and two large fl-and-white Sol Lewitt images on the wall.
	www.wired.com /wired/archive/7.11/schwab.html (1014 words)

	Charles Schwab to give up CEO post
		Charles Schwab, the founder of the San Francisco discount brokerage that bears his name, is relinquishing the title of co-chief executive, making his longtime partner David Pottruck the company's CEO, the company said Friday.
		Schwab, 65, will remain chairman of the board of directors, which announced the management shift saying it would be effective May 9, the date of the company's annual stockholders meeting.
		At Jeffries & Company in San Francisco on Friday, analyst Justin Hughes said he believes that while the change may be in part driven by the governance matter, "It's also a reflection of the fact that Charles Schwab has not been acting in the CEO role for the last couple of years.
	www.sfgate.com /cgi-bin/article.cgi?file=/chronicle/archive/2003/02/01/BU175094.DTL&type=business (748 words)

	Pottruck out, Schwab back at the helm
		Charles Schwab Corp., the biggest discount broker, has ousted Chief Executive Officer David Pottruck and replaced him with founder Charles Schwab after the shares declined 80 percent in the past four years.
		Schwab was expected to earn 9 cents, based on the average estimate of 16 analysts surveyed by Thomson Financial.
		Schwab is one of six companies that agreed in January to list their shares on the Nasdaq Stock Market as well as the NYSE.
	seattlepi.nwsource.com /business/182901_schwab21.html (646 words)

	E-Commerce News: News: Charles Schwab Slashes Workforce
		Brick-and-click brokerage firm Charles Schwab (NYSE: SCH) announced Thursday that it was eliminating from 2,750 to 3,400 jobs, or 11 to 13 percent of its workforce, in a bid to reduce operating expenses.
		Schwab added that its board of directors had approved the repurchase of up to 20 million shares of the company's common stock, either through the open market or through privately negotiated transactions based on prevailing market conditions.
		Although Schwab said it would take a $70 million to $100 million pre-tax charge in the second quarter, it said that beginning in the third quarter, it expects the restructuring to reduce pre-tax operating expenses by $40 to $45 million per quarter.
	www.ecommercetimes.com /story/8393.html (842 words)

	Financial Services: Investment and Financial Management from Service
		Charles Schwab Bank, N.A. and Charles Schwab and Co., Inc. are separate but affiliated companies and subsidiaries of The Charles Schwab Corporation.
		Charles Schwab and Co., Inc., a registered broker-dealer and SIPC member, does not solicit, offer, endorse, negotiate or originate any mortgage loan products and is neither a licensed mortgage broker nor a licensed mortgage lender.
		Charles Schwab Bank is not acting or registered as a securities broker-dealer or investment advisor.
	www.schwab.com (344 words)

	Slumping Schwab shaves more fat, while analysts sigh and employees shiver (Site not responding. Last check: 2007-10-30)
		Slumping Schwab has been forced to trim the fat once again, and it is their employees who may be left cold.
		The Schwab 1000 Index was down 23% from February 2002 and 2% from the prior month, while the NASDAQ Composite Index was down 23% from February a year ago and up 1% from January.
		A series of one-time charges annihilated net income for the company during its fourth quarter, as Schwab on Jan. 15 reported a fourth-quarter loss of $79 million, or 6 cents per share, compared to a loss of $13 million, or 1 cent per share, in the year-ago period.
	www.snl.com /financial_svc/archive/20030317si.asp (902 words)

	Indexing - Descriptions
		The index includes the stocks of the second-largest 1,000 publicly traded companies in the U.S. With its small-cap focus, this fund may make sense for long-term investors who are willing to accept greater risk in the pursuit of potentially higher long-term returns.
		The Schwab International Index® Fund seeks to track the total return of the Schwab International Index, which includes stocks of the 350 largest publicly traded companies from selected countries outside the United States.
		The Schwab SandP 500 Fund is not sponsored, endorsed, sold or promoted by Standard and Poor's, and Standard and Poor's makes no representation regarding the advisability of investing in the fund.
	www.schwab.com /public/schwab/investing/investment_products/mutual_funds/schwabfunds/schwab_fund_category_pages/indexing_desc.html?cmsid=P-497460&lvl1=investing&lvl2=investment_products&refid=P-509612&refpid=P-509609 (887 words)

	E-Commerce News: News: Schwab Ousts CEO in Face of Sagging Profits
		In the same statement, the San Francisco, California, company also reported that its net income for the quarter ended June 30th was US$113 million, down about 10 percent, or $13 million, from the same quarter last year and down $48 million from the first quarter of 2004.
		For the first half of 2004, the company's net income was $274 million, compared with $197 million earned during the same period in 2003, the company said in its statement.
		In the statement, Schwab reported net income of $113 million, or 8 cents per diluted share, compared with $126 million, or 9 cents per share, in the same period a year ago.
	www.ecommercetimes.com /story/news/35213.html (779 words)

	Preface: Charles Schwab: How One Company Beat Wall Street and Reinvented the Brokerage Industry.
		Charles Schwab liberated personal finance and we are all better off for it.
		Thanks primarily to the values and leadership of its founder, Schwab has a evolved a distinctive management mindset that encourages the company to question its most cherished assumptions and thereby avoid the arrogance that hardens the arteries of other companies that are occasionally kissed by success.
		And although Charles Schwab himself is in the twilight of his career - and the book will examine the implications of his eventual retirement - for the present he remains at the center of the company that bears his name.
	www.jkador.com /schwab/preface.htm (800 words)

	Barnes & Noble.com - Books: Charles Schwab, by John Kador, Hardcover
		Organized around five critical junctures when Charles Schwab & Co. was forced to either reinvent itself or become lost in a sea of fierce competitors, this investigation reveals the behind-the-scenes successes, defeats, and determination that fueled the unprecedented growth of America's leading broker.
		Schwab's determination to be a full-service brokerage house for the affluent investor: Schwab abandons the no-advice and no-sales principles on which it was founded
		Charles Schwab: How One Company Beat Wall Street and Reinvented the Brokerage Industry combines a fascinating look inside the walls of one of today's great financial services firms with a razor-sharp portrait of the deeply principled maverick who drove that firm from vision to reality.
	search.barnesandnoble.com /booksearch/isbnInquiry.asp?userid=54QSNXHCB8&isbn=0471224073 (1384 words)

	Charles M. Schwab
		Schwab at age 39 was president of the biggest company in the world, United States Steel Corp. After personality conflicts there, he left to take over and remake another steel company, Bethlehem Steel Co., which he incorporated Dec. 10, 1904.
		To diversify the company, Schwab, known by most as Charlie (he is unrelated to the discount brokerage by the same name) was interested in producing a wideflange steel beam in the shape of an H. It was a risky venture that required building a new mill to make an unproven product.
		Schwab clinched the deal by bribing the mistress of the Grand Duke Alexis Aleksandrovich with a $200,000 necklace.
	www.bethlehempaonline.com /schwab_bio.html (753 words)

	[No title]
		Charles Schwab and Co., which boasts $765 billion in assets, said Friday morning that Schwab would relinquish his co-chief executive officer title and remain as chairman.
		John Kador, author of a biography about Charles "Chuck" Schwab, suggested that the move was prompted, in part, by a trend toward dividing the tasks of chairman and CEO between two people as a way to make a corporation more accountable to its stockholders.
		Charles Schwab's legacy is secure as one of the giants of late 20th-century capitalism.
	cbs.marketwatch.com /news/print_story.asp?print=1&guid=%7BCE6559D6-EA34-4BBD-B56A-03338090B32B%7D&siteid=mktw (1179 words)

	PGATOUR.com - Charles Schwab Cup Championship (Site not responding. Last check: 2007-10-30)
		Charles Schwab and Company, Inc. is the "Official Investment Firm of the PGA TOUR and Champions Tour." In the eighth year of this successful partnership, Schwab continues its support of the tournaments, players, administrators and fans of golf.
		Charles Schwab provides investment education services, one-on-one consultations with Schwab investment specialists and a variety of investment tools to PGA TOUR and Champions Tour players, as well as to TOUR administrators and employees.
		The Charles Schwab Cup program includes not only the sponsorship of a season-long, points-based competition culminating in the Charles Schwab Cup Championship, The Champions Tour's season-ending event, but also marketing and advertising support of local tournaments and tournament telecasts.
	www.pgatour.com /tournaments/s539/sponsor (419 words)

	FAQ: Charles Schwab: How One Company Beat Wall Street and Reinvented the Brokerage Industry.
		Those reasons ranged from bad timing (the company, like most others in the securities industry, is in the midst of a very painful period) and the distraction such a book would represent for company executives.
		Charles Schwab and Co. prided itself on four founding standards: serving the average investor, no advice, no cold calling, no commission-paid brokers.
		In its desire to recreate itself as a full-service brokerage, Schwab is systematically abandoning three of the four principles on which it was established.
	www.jkador.com /schwab/faq.htm (1033 words)

	KTVU.com - Money - Schwab Back At The Helm Of Investment Firm
		Discount broker Charles Schwab Corp. dumped CEO David Pottruck on Tuesday and replaced him with founder Charles Schwab, hoping the man who created the company can rejuvenate a business that has been sputtering for several years.
		Schwab reported a 10 percent drop in its profit for the three months ended June, ending a recent streak of improved earnings.
		But the company's spotty performance in a volatile stock market apparently prompted the decision to bring back Schwab, who had been acting as chairman of the board, a position he will continue.
	www.ktvu.com /money/3551135/detail.html (469 words)

	Charles Schwab Fraud InfoCenter - securities fraud information (Site not responding. Last check: 2007-10-30)
		Charles Schwab Fraud InfoCenter is an Internet resource that offers you an opportunity to research securities fraud and your legal rights associated with brokerage fraud.
		Schwab has faced two separate lawsuits – one filed in 1999 and the other in 2002 – that allege that they knowingly charged clients higher-than-market prices.
		Schwab made a second mistake in early 2000 when they allowed transactions to occur without fees, then charged them six months later in September of that year.
	www.charlesschwabfraudinfocenter.com /information.php (307 words)

	Garcia/Wagner & Associates \| Projects
		Charles Schwab University is the hub of Charles Schwab & Company’s new training and conference center.
		Located at it’s corporate headquarters in downtown San Francisco, this facility provides company personnel and visitors with a state of the art multimedia presentation and conferencing environment.
		This project was created within an occupied and fully operational high-rise building, in the parameters of a very demanding time schedule.
	www.gwa-arch.com /projects/default.asp?client=intr&name=schwabtc (87 words)

	More about Charles Schwab Company History by Investments That Make Money... (Site not responding. Last check: 2007-10-30)
		Charles Schwab can track his own entrepreneurial history from walnut collector and chicken plucker, to golf caddy...
		Charles Schwab is a company who is committed to evolving with their customers who...
		Charles Schwab donated 150,000 to build the Schwab Auditorium which was completed in 1903.
	www.hiddeninvestments.com /investments/charles_schwab_company_history.html (653 words)

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