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- 'Fearless Girl' is Moving to NYSE After Year Staring Down 'Charging Bull'
- What's In Your Wallet - American Express Shares Soar After Earnings Release
- Deutsche Bank's Executive Departures Continue Following Change in CEO
- Reflections of an Economist Commissioner (SEC's Piwowar)
- Billionaire HF Manager and The Fed Chair Runner-Up are Investing in New Cryptocurrency
- Court Finds 2 Brokers Liable for Fraud Involving Mortgage-Backed Securities
- One FINRA: An Organization’s Commitment to Diversity and Inclusion
- 2018 GASB Accounting Support Fee to Fund the Governmental Accounting Standards Board
- Barclays Eyes Move Into Cryptocurrency Trading
- Goldman Breaks From Wall Street Pack with Bond-Trading Boom
- Janney Montgomery Scott CEO Joins FINRA Board of Governors
- SEC Encourages Investors to Do Background Checks on Investor.gov
- The Martin Act: Wall Street Titan Takes Aim at Law That Tripped Him Up
- Bank of America’s Cost-Cutting Drive Pushes Profit to Record
- Larry Fink: Wall Street’s $6 Trillion Man Finally Worth $1Bn
- Activist Investor Wants Barclays Investment Banking Overhaul (Video)
- House Passes Bill to Streamline 'Volcker Rule'
- CEO Charged with Penny Stock Fraud - SEC
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Schwab CEO Walt Bettinger Rewarded for ‘Record’ Year
There’s no discounting the compensation that Charles Schwab is paying its top executives for 2016. According to the company’s annual proxy statement released last week, it was a banner year for the firm and its executives.
- Walt Bettinger, 56, the CEO since 2008, took home $19.5 million for 2016: $1Mn salary; $7.7Mn stock and options awards; $10.6Mn bonus and incentive payments. The $19.5Mn is a 58% increase over 2015, when he made $12.3Mn.
- Charles Schwab, the founder, took home $8.1Mn for 2016 – a 70% increase over 2015.
- Bernard Clark, head of Schwab Advisor Services, took home $5Mn for 2016 – a 96% increase over 2015.
Meanwhile, Schwab shareholders weren’t left holding an empty bag. They saw returns of 186% over the past 4 years. SCHW is trading these days around $40 a shares, and back in Aril 2013, the price was around $16-$17 a share.