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Schwab CEO Walt Bettinger Rewarded for ‘Record’ Year
April 5, 2017
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.
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