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Charles R. Schwab: Schwab Learning
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In addition to his professional commitments, Mr. Schwab takes an active interest in a variety of volunteer and non-profit activities. Along with his wife Helen, he is the co-founder and chairman of the Charles and Helen Schwab Foundation, a nonprofit organization that focuses on helping children with learning disabilities nationwide and ... focuses on supporting low income families through initiatives in poverty prevention, homelessness and substance abuse. He is also chairman of the All Kinds of Minds Institute, a non-profit institute dedicated to the understanding of differences in learning.
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Schwab Pomerantz is ... president of the Charles Schwab Foundation, where she oversees the company's philanthropic strategy and resources. The foundation is focused on helping at-risk teens and young adults achieve financial success, and supporting the philanthropy of Schwab employees. With Boys & Girls Clubs of America she created and now manages a national financial literacy program designed to reach millions of teens.
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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]
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"During his two decades here at Schwab, David has been a valued partner to me and has worked tirelessly to help this company pursue its vision," Schwab said. "As I see the opportunities ahead for Schwab, I want to underscore my confidence in the strength of our franchise, the value we provide our clients, the dedication of our employees, and the depth of our management team," he said.
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At the height of the bull market, Schwab was briefly worth more than Merrill Lynch, with a market value of $25.5 billion compared with $25.4 billion for Merrill. Now Merrill's worth, at more than $47 billion, is about four times that of Schwab, with a market value of $12 billion.
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As a grocery store clerk in 1879, Schwab found a job in Andrew Carnegie's steel works after befriending the superintendent of Braddock's massive Edgar Thomson plant. (Liberal arts majors take note - he got the job in part because of his ability to play and teach piano.) Schwab quickly rose through the company's ranks, thanks in no small part to a charisma that allowed him to charm working people even while screwing them over - a skill not unlike the one George W. Bush has parlayed into power.
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