Reported 6 days ago
Walt Bettinger, CEO of Charles Schwab, will retire at the end of the year after 16 years of leadership, marked by significant growth and a challenging banking crisis in 2023. He will be succeeded by Schwab President Rick Wurster, while Bettinger will continue as executive co-chairman. During his tenure, Schwab expanded its assets ninefold and adapted to industry changes such as zero commission trading. However, the recent banking crisis raised concerns among investors, leading to a dip in the company's stock.
Source: YAHOO