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Charles R. Schwab: Charles Schwab
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New this year was the 2007 Pacesetter Award Charles R. Schwab IMPACT Award presented to an up-and-coming firm successfully pairing accelerated growth with best practices into a winning formula. This year’s recipient, Abacus Planning Group of Columbia, S.C., is a firm with a unique thumbprint of four Fs: fast, focused, flexible and fun. Cheryl Holland, president, accepted the Pacesetter Award on behalf of her firm.
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Charles R. Schwab has made a name for himself as a savvy champion of new technology. As head of the nation's largest discount brokerage, he invested heavily in the Internet during the mid-1990s, attracting 2.2 million online accounts valued at $174 billion by 1998.
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On January 24, 2007, Christopher V. Dodds, the Chief Financial Officer of The Charles Schwab Corporation (CSC), announced his decision to retire as the Chief Financial Officer of CSC on May 18, 2007. The Board of Directors named Joseph R. Martinetto to replace Mr. Dodds as Chief Financial Officer of CSC effective upon Mr. Dodds' retirement on May 18, 2007. Mr. Martinetto, 45, has been the Senior Vice President and Treasurer of CSC and Charles Schwab & Co., Inc. (Schwab) since 2003 and has had responsibility for CSC's financial planning and analysis function since 2005. He ... served as Senior Vice President and Treasurer of CSC and Schwab from 1997 until 2001. From 2001 until 2003, Mr. Martinetto served as the chief financial officer for the Schwab Investor Services enterprise. Mr. Martinetto joined Schwab in 1997.
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Mr. Schwab is ... Chairman of the Charles and Helen Schwab Foundation, which develops programming in learning disabilities and human services. The Schwab Learning program area, begun in 1988, is dedicated to helping kids with learning and attention problems be successful in learning and life. Through its resource center in San Mateo, CA and its website, Schwab Learning provides reliable information and practical guidance to parents of children with learning difficulties. The Foundation’s human service program areas support initiatives in substance abuse, homelessness, asset development for the working poor, and capacity-building for nonprofit organizations, serving providers and communities in San Francisco and San Mateo counties.
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The Charles Schwab Corporation (NYSE / Nasdaq: SCH), through its operating subsidiaries, provides securities brokerage and financial services to individual investors and the independent investment advisors who work with them. With over 7 million individual investor accounts and more than $1 trillion in client assets, The Charles Schwab Corporation is one of the nation's largest financial services firms. Its subsidiary Charles Schwab & Co., Inc. (member SIPC) provides a complete range of investment services and products, including an extensive selection of mutual funds; financial planning and investment advice; retirement plans; referrals to independent fee-based investment advisors; and custodial, operational and trading support for independent fee-based investment advisors. Its subsidiary Charles Schwab Bank, N.A. (member FDIC and Equal Housing Lender) provides banking products and services. The Corporation's other operating subsidiaries include U.S. Trust Corporation (member FDIC) and CyberTrader(R), Inc. (member SIPC).
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SAN FRANCISCO, April 26 /PRNewswire-FirstCall/ -- Charles Schwab today announced high-yield Investor Checking(TM) from Charles Schwab Bank, with an annual percentage yield (APY) of 4.25%, eight times higher than the national average annual percentage yield for checking accounts(1). The yield is available immediately to all Schwab Bank Investor Checking account holders regardless of their balance. The account has no monthly service charges or ATM fees(2). It ... includes free checking, bill pay, and direct deposit, and is linked to a Schwab One(R) brokerage account. There are no minimum balance requirements for either account. Schwab Bank Investor Checking account balances are FDIC insured up to $100,000.
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