Charles R. Schwab

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For the founder of Bethlehem Steel, see Charles M. Schwab.
Charles Schwab in 2007
Charles Schwab in 2007

Charles Robert Schwab, Jr. (born July 29, 1937) is the founder and CEO of the Charles Schwab Corporation.

On the 2007 Forbes 400 list, Schwab is listed as the 57th richest person in the United States with a fortune of approximately $5.5 billion.

Contents

[edit] Early life and academics

Schwab was born in Sacramento, California, and attended school in Woodland, California.[1] He grew up with dyslexia. Schwab says he knew for a long time that he had trouble with English, but had refrained from discussing this for many years. One of the aims of the Charles and Helen Schwab Foundation is to assist children with the disorder. [2]

Schwab earned a B.A. in economics from Stanford University in 1959 and an M.B.A. from Stanford Graduate School of Business in 1961. He was a member of Sigma Nu Fraternity.

[edit] Money and politics

According to a 2001 report in Mother Jones magazine, Schwab and his wife ranked 73rd among all Republican campaign contributors in the 1998 elections, with $393,500 in donations.[3] Schwab has supported privatizing Social Security accounts. He lobbied against a new electronic system to centralize stock trading which reputedly allows investors to find the best prices. Schwab also has called for increasing tax exemptions for deposits to retirement accounts.

[edit] Personal life

Schwab and his wife, Helen, currently (2007) live in Atherton, California and are philanthropists.

[edit] See also

[edit] References

  1. ^ Stanford Magazine: March/April 1999: Charles Schwab's Secret Struggle
  2. ^ Turner, Rob. "Executive Life; In Learning Hurdles, Lessons for Success", New York Times, 2003-11-23, p. 10. 
  3. ^ Mother Jones: Charles and Helen Schwab donor profile
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