I’m sure you’ve all heard that Charles Schwab recently stepped down for the second time from his post as CEO of the brokerage that bears his name. On July 23rd he appointed a new CEO--long-time Schwab employee and current COO, Walter Bettinger, as his successor. Bettinger will take the reigns on October 1st and Schwab will remain executive chairman of the board of directors.
Charles Schwab accomplished remarkable things in his long career. He was a pioneer in the investing world. He started Schwab nearly 40 years ago to offer trading to the general public at affordable prices—a gutsy move at the time. He then took the company online and expanded Schwab into a full-service brokerage. No small feat.
What Schwab did 40 years ago laid the groundwork for what Zecco is doing today. So thanks, Chuck! I wish Mr. Schwab the best of luck in his retirement. Hopefully this time he’ll get to enjoy it and won’t have to jump back in to save the company again!
The content of Zecco Holdings, Inc.’s and Zecco Trading, Inc.’s websites, including research, tools and securities symbols, is for educational and informational purposes and should not be intended as a recommendation or solicitation to engage in any particular securities transaction or investment strategy. You alone are responsible for evaluating the benefits and risks associated with the use of our services or products and to decide which securities and strategies better suit your financial situation and goals, risk profile, etc. The projections regarding the probability of investment outcomes are hypothetical and not guaranteed for accuracy or completeness. They do not reflect actual investment outcomes and are not guarantees of future results. Tools’ calculations do not take into consideration commissions, margin interest and other costs that may impact investment outcomes. All investments involve risk. Losses may exceed the principal invested. Past performance of a security, market, or financial product does not guarantee future results. Neither Zecco Holdings, Inc. nor Zecco Trading, Inc. offers any tax, legal or financial advice.