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Charles R. Schwab

Charles Schwab & Company

1971 - 2003

Finance

1970 b. 1937
male
EducationTwoDegree
UndergraduateStanford University
GraduateMBA, Stanford University
Personal
Born-Died1937
BirthplaceCalifornia (CA)
RaceWhite
FatherProfessional
Era - 1970

In spite of the disdain given to discount brokerage by larger investment houses, Schwab took advantage of SEC deregulation in 1975, and went on to build “the Kmart of the stock brokerage industry.” Though discount brokerage at Schwab’s grand scale initially prevented the company from earning high profits, the company eventually became a consumer favorite, being one of the first brokerages to serve customers nationally and to offer 24 hour, 7 day a week services.