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Stories of Interest
- White House Now Doesn’t Dispute Details of Trump's Call with Army Widow
- Goldman Sachs’ Lloyd Blankfein Just Threw Some Serious Brexit Shade
- Guggenheim Partners ‘Bank Wrecker’ Could Get $100Mn Exit Package
- Proposed Arbitration Rule Change: For Customers Dealing with an Inactive Firm or Associated Person
- This Family Bet It All on Bitcoin
- Clearinghouses Pass CFTC Liquidity Stress Tests
- President Trump Admits He’s Trying to Kill Obamacare. That’s Illegal.
- Trump Plunges Down List of ‘America’s Richest’
- Is Trump’s “Foreclosure King” in Over His Head?
- FBI Arrests NCAA Basketball Coaches and Adidas Rep in Bribery Probe Involving Recruitment
- Equifax CEO Steps Down Amid Hacking Scandal
- Litigation Costs to Rub Salt in RBS Investor Wounds
- RIAs Poised to Land Wirehouse Recruits - Dan Jamieson
- Citibank and U.K. Affiliate to Pay $550K Penalty for Swap Data Reporting Violations - CFTC
- AIG to Restructure into 3 New Units, Marking CEO's First Big Move
- Accounting Firm Deloitte Says It Suffered Cyberattack (subsc reqd)
- Upcoming FINRA Board Meeting and FINRA360 Update
- Elizabeth Warren Lifts Hold on Trump DOJ Antitrust Nominee
- Bigger Mergers Narrow Indy Reps' Options, Alter IBD Channel - Dan Jamieson
- Dentons to Merge with U.K.'s Murray & Spens
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NEWSLETTERS & ALERTS
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.