Quotes about schwab (16 Quotes)


    Charles Schwab said he worries about online traders who get out of control. We're very concerned about it, ... when we see people getting excessive in their trading, almost becoming addicted to it.

    I think the brokers, Schwab included, are really redefining themselves as asset gatherers, and as they look at where the growth is in the asset management sector, it's at the top of the food chain. This deal is a great value proposition for both shareholder groups.

    Just before the meeting got started, Andy Grove, the gruff chairman of Intel's board at the time, pulled Pottruck aside. 'When you got promoted to CEO,' ... 'did that make you a better man' I said no. He said, 'Well then, do you think the fact that you're no longer CEO of Schwab means you're not a better man' I said, 'No, I don't think so.' He said, 'You're as good a man as you were last week. Hold your head high.' It helped me a lot.


    Since Charles Schwab has taken the helm, the firm has consistently reduced their commission rates and their account fees. They've been taking their medicine in consistent and regular doses.



    We're thrilled. To have Charles Schwab take the bold step of being one of our original dual-listed companies and to evaluate both markets on their merits and choose to list solely on Nasdaq is a major validation of the Nasdaq market model.

    Up until now, Schwab has been setting the pace in online brokerage. Merrill, though, is a bolt from the blue. Eight months ago, Merrill wasn't even in the online trading game. Merrill was held back only by the high cost of its online trading account.

    Many executives, particularly those of Pottruck's age and tax bracket, would simply have retired, using that competitive fire to improve their handicaps. But for Pottruck, the best coping strategy was simply to charge ahead, to believe that what came next was just as important as what had come before. By September, he had settled into luxurious new offices (paid for by Schwab as part of his severance agreement) that overlooked San Francisco's Embarcadero, just 10 blocks from Schwab's offices. There is going to be mourning, ... but successful people let go of the past as quickly as they can. You can't mourn at the same time you have a new beginning because it drags the new beginning down.

    I'd like to believe the schedule helped us, and it is all part of the design. We thought we could make a run this year, and we made that schedule to prepare us as well as we could. That's why we went to the Schwab and to Jefferson. I guess what happens now is that time tells us if that worked or not.

    When you make a birdie there, you feel like you're stealing one because that hole is so tough. I want to tidy everything up before the Charles Schwab Championship next week, and a win here would certainly do it.

    Firms need to change what they're offering. Schwab is doing an excellent job of this, with the little classes they're running for folks -- this is what a PE ratio is, this is what a limit order is.



    Schwab bought a really great, fast-growing business and they bought it at a reasonable price, ... This just helps assure me that we are going in the right direction with our investment.

    Schwab is likely banking on a market recovery and boosts to hedge funds in the mutual fund shakeout, ... And hedge funds trade the three drivers of the economy -- tech, health care and financial -- more actively.



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