Sunday, January 31, 2010
Schwab the Deck!
It's been tough slogging in the financial services industry the last couple of years. After building up for non-stop trading of dot com stocks, everyone took a bath when the Internet bubble burst. Charles Schwab & Co managed to keep their nose clean while other brokerages were hit with conflict of interest scandals. Founder Charles Schwab quit his own firm only to come back later after his appointed CEO screwed things up. Chuck, as he's known, has long been the underdog of individual investors. And now it looks like Schwab might benefit from a fresh start, too.
About the author
Sidd Finch is a telecommunications industry reporter. He'd get a fresh start with Schwab except the $95 charge wouldn't leave him anything to invest.