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Charles R. Schwab: Charles Schwab
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In the beginning,Charles R. Schwab created the discount brokerage. And it was good. Schwab, the man, stood for the empowerment of the individual investor. He swore eternal hostility against every swindle, every conflict and every unjust regulation preventing the average investor from taking his or her place at the table of plenty enjoyed by the affluent. The masses fled to Schwab and found an affordable marketplace for mutual funds, securities, bonds and IRAs.
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Charles Schwab is an American businessman. He is the founder and CEO of the Charles Schwab Corporation. On the 2006 Forbes 400 list, Schwab is listed as the 50th richest person in the United States. According to a 2001 report in "Mother Jones," Schwab and his wife ranked 73rd among all campaign contributors in the 1998 elections.
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When Charles R. Schwab pioneered the discount brokerage business three decades ago, no one in the industry thought it would work. Today, Charles Schwab Corporation has a customer base of more than three million households with $400 billion in assets invested. And because Schwab is focused on customer relationship management, the numbers are steadily growing.
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SAN FRANCISCO, Aug. 1 /PRNewswire-FirstCall/ -- The Charles Schwab Corporation announced today the preliminary results of its modified "Dutch Auction" tender offer, which expired at 12:00 midnight, Eastern Time, on Tuesday, July 31, 2007. Based on the preliminary count by the depositary for the tender offer, Schwab expects to accept for payment approximately 84 million shares of its common stock at a price of $20.50 per share for a total cost of approximately $1.7 billion. The preliminary proration factor for the offer is approximately 90 percent.
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Charles Schwab has attended at least one meeting of the Global Elite "The Bilderberg". Google it. See how about 120 people rule the planet. While the mainstream media focuses on political parties, the real rulers are part of this international crime syndicate .....even Queen Beatrix....you can dress her up but she is still a crime boss. Let the Ladies be fooled by her style and manner. Most men do not fall for that crap.
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At the same time... Schwab has lobbied fiercely to block a new system that would channel stock trades through a single electronic order book, where investors could take advantage of the best available prices. Similar systems have already been adopted by some European markets, and have been endorsed by financial heavy hitters like former Treasury Secretary Robert Rubin. But electronic ordering would bypass middlemen like Schwab, who profits from the difference between the prices bid and asked for stocks. David Pottruck, Schwab's co-chief executive, says the new system would be a disaster. "We think a marketplace of competitors is healthy," he told the Washington Post.
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