Charles Schwab Management

Management criteria checks 3/4

Charles Schwab's CEO is Walt Bettinger, appointed in Oct 2008, has a tenure of 16.08 years. total yearly compensation is $23.87M, comprised of 6.3% salary and 93.7% bonuses, including company stock and options. directly owns 0.046% of the company’s shares, worth $68.26M. The average tenure of the management team and the board of directors is 4 years and 11.1 years respectively.

Key information

Walt Bettinger

Chief executive officer

US$23.9m

Total compensation

CEO salary percentage	6.3%
CEO tenure	16.1yrs
CEO ownership	0.05%
Management average tenure	4yrs
Board average tenure	11.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Walt Bettinger's remuneration changed compared to Charles Schwab's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$5b
Jun 30 2024	n/a	n/a	US$4b
Mar 31 2024	n/a	n/a	US$4b
Dec 31 2023	US$24m	US$2m	US$5b
Sep 30 2023	n/a	n/a	US$6b
Jun 30 2023	n/a	n/a	US$6b
Mar 31 2023	n/a	n/a	US$7b
Dec 31 2022	US$24m	US$1m	US$7b
Sep 30 2022	n/a	n/a	US$6b
Jun 30 2022	n/a	n/a	US$6b
Mar 31 2022	n/a	n/a	US$5b
Dec 31 2021	US$22m	US$1m	US$5b
Sep 30 2021	n/a	n/a	US$5b
Jun 30 2021	n/a	n/a	US$4b
Mar 31 2021	n/a	n/a	US$4b
Dec 31 2020	US$16m	US$1m	US$3b
Sep 30 2020	n/a	n/a	US$3b
Jun 30 2020	n/a	n/a	US$3b
Mar 31 2020	n/a	n/a	US$3b
Dec 31 2019	US$16m	US$1m	US$4b
Sep 30 2019	n/a	n/a	US$4b
Jun 30 2019	n/a	n/a	US$4b
Mar 31 2019	n/a	n/a	US$4b
Dec 31 2018	US$16m	US$1m	US$3b
Sep 30 2018	n/a	n/a	US$3b
Jun 30 2018	n/a	n/a	US$3b
Mar 31 2018	n/a	n/a	US$2b
Dec 31 2017	US$14m	US$1m	US$2b

Compensation vs Market: Walt's total compensation ($USD23.87M) is above average for companies of similar size in the UK market ($USD5.66M).

Compensation vs Earnings: Walt's compensation has been consistent with company performance over the past year.

CEO

Walt Bettinger (63 yo)

16.1yrs

Tenure

US$23,871,744

Compensation

Mr. Walter William Bettinger II also known as Walt, has been Chief Executive Officer and Director at The Charles Schwab Corporation since late 2008 and has been its Co-Chairman since July 2022 and joined t...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Charles Schwab	Founder & Co-Chairman	38.8yrs	US$7.52m	1.14% $ 1.7b
Walter Bettinger	CEO & Co-Chairman	16.1yrs	US$23.87m	0.046% $ 68.3m
Richard Wurster	President	3.1yrs	US$11.16m	0.0077% $ 11.5m
Tim Heier	MD & CTO	no data	no data	no data
Adele Taylor	MD & Chief Administrative Officer	less than a year	no data	no data
Jeff Edwards	MD & Head of Investor Relations	no data	no data	no data
Peter Morgan	MD, General Counsel & Corporate Secretary	5yrs	no data	0.000010% $ 14.9k
Joe Carberry	MD and Head of Corporate Relations & Institutional Marketing	no data	no data	no data
Stacy Hammond	MD & Chief Marketing Officer	1.8yrs	no data	no data
Catherine Casey	MD & Head of Human Resources	no data	no data	no data
Lisa Hunt	MD & Head of International Services	no data	no data	no data
Paul Woolway	MD & Chief Banking Officer	no data	no data	0.0039% $ 5.7m

4.0yrs

Average Tenure

61yo

Average Age

Experienced Management: 0L3I's management team is considered experienced (4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Charles Schwab	Founder & Co-Chairman	38.8yrs	US$7.52m	1.14% $ 1.7b
Walter Bettinger	CEO & Co-Chairman	16.1yrs	US$23.87m	0.046% $ 68.3m
Christopher Dodds	Independent Director	10.1yrs	US$400.04k	0.024% $ 36.4m
Arun Sarin	Independent Director	15.1yrs	US$350.04k	0.0013% $ 1.9m
Paula Sneed	Independent Director	22.8yrs	US$365.04k	0.0063% $ 9.4m
Frank Herringer	Independent Director	28.8yrs	US$380.04k	0.012% $ 18.1m
Brian Levitt	Independent Director	4.1yrs	US$330.04k	0.0013% $ 2.0m
Joan Dea	Independent Director	7.1yrs	US$380.04k	0.0012% $ 1.8m
John Adams	Independent Director	9.8yrs	US$400.04k	0.0023% $ 3.4m
Charles Ruffel	Independent Director	6.5yrs	US$370.04k	0.0012% $ 1.8m
Stephen Ellis	Independent Director	12.1yrs	US$350.04k	0.0043% $ 6.4m
Carolyn Schwab-Pomerantz	Director	2.1yrs	US$672.40k	0.12% $ 176.1m

11.1yrs

Average Tenure

68yo

Average Age

Experienced Board: 0L3I's board of directors are seasoned and experienced ( 11.1 years average tenure).

Charles Schwab Management

Management criteria checks 3/4

Key information

Recent management updates

Director recently sold US$1.5m worth of stock

Rick Wurster to Join the Charles Schwab Corporation Board of Directors, Effective January 1, 2025

CEO & Co-Chairman recently bought US$1.7m worth of stock

Insider recently sold US$3.5m worth of stock

The Charles Schwab Corporation Announces Chief Financial Officer Changes

The Charles Schwab Corporation Announces Chief Financial Officer Changes

Recent updates

Third quarter dividend of US$0.25 announced

The Charles Schwab Corporation Declares Regular Quarterly Cash Dividend, Payable November 22, 2024

Director recently sold US$1.5m worth of stock

Third quarter 2024 earnings released: EPS: US$0.71 (vs US$0.54 in 3Q 2023)

Rick Wurster to Join the Charles Schwab Corporation Board of Directors, Effective January 1, 2025

Second quarter dividend of US$0.25 announced

The Charles Schwab Corporation Declares Quarterly Dividend, Payable on August 23, 2024

Investor sentiment deteriorates as stock falls 16%

CEO & Co-Chairman recently bought US$1.7m worth of stock

The Charles Schwab Corporation to Report July,2024 Results on Aug 14, 2024

Second quarter 2024 earnings released: EPS: US$0.66 (vs US$0.64 in 2Q 2023)

The Charles Schwab Corporation to Report Q2, 2024 Results on Jul 16, 2024

Insider recently sold US$3.5m worth of stock

The Charles Schwab Corporation Announces Chief Financial Officer Changes

The Charles Schwab Corporation Announces Chief Financial Officer Changes

First quarter 2024 earnings released: EPS: US$0.69 (vs US$0.84 in 1Q 2023)

First quarter dividend of US$0.25 announced

Founder & Co-Chairman recently sold US$6.7m worth of stock

The Charles Schwab Corporation Declares Quarterly Dividend, Payable on May 24, 2024

Insider recently sold US$1.8m worth of stock

First quarter 2024 earnings released: EPS: US$0.69 (vs US$0.84 in 1Q 2023)

The Charles Schwab Corporation, Annual General Meeting, May 23, 2024

Mark A. Goldfarb Not to Stand for Re-Election as Director of The Charles Schwab Corporation

The Charles Schwab Corporation to Report Q1, 2024 Results on Apr 15, 2024

Founder & Co-Chairman recently sold US$7.6m worth of stock

Full year 2023 earnings released: EPS: US$2.55 (vs US$3.52 in FY 2022)

Upcoming dividend of US$0.25 per share at 1.6% yield

Founder & Co-Chairman recently sold US$1.0m worth of stock

Fourth quarter dividend of US$0.25 announced

Schwab Launches Thinkorswim Guest Pass

Full year 2023 earnings released: EPS: US$2.55 (vs US$3.52 in FY 2022)

Schwab Introduces the Schwab Trading Activity Index

The Charles Schwab Corporation to Report Q4, 2023 Results on Jan 17, 2024

Charles Schwab Announces the Broad Availability of Schwab Investing Themes

New minor risk - Insider selling

The Charles Schwab Corporation Declares Common Stock Dividend, Payable on November 24, 2023

Charles Schwab Introduces A Digital Inheritance Center

The Charles Schwab Corporation to Report Q3, 2023 Results on Oct 16, 2023

Mullen Automotive Inc. Files Lawsuit Against TD Ameritrade, Charles Schwab, National Finance Services and Others

Mullen Automotive Inc. Files Lawsuit Against TD Ameritrade, Charles Schwab, National Finance Services and Others

Now 20% undervalued

Upcoming dividend of US$0.25 per share at 1.5% yield

The Charles Schwab Corporation Declares Common Stock Dividend, Payable on August 25, 2023

Founder & Co-Chairman recently sold US$5.0m worth of stock

Second quarter 2023 earnings released: EPS: US$0.65 (vs US$0.87 in 2Q 2022)

The Charles Schwab Corporation(NYSE:SCHW) dropped from Russell 1000 Growth Index

The Charles Schwab Corporation to Report Q2, 2023 Results on Jul 18, 2023

Now 20% undervalued after recent price drop

Upcoming dividend of US$0.25 per share at 2.1% yield

Now 22% undervalued after recent price drop

First quarter 2023 earnings released: EPS: US$0.84 (vs US$0.68 in 1Q 2022)

Insider recently bought US$267k worth of stock

CFO & MD recently bought US$290k worth of stock

Investor sentiment deteriorates as stock falls 17%

Insider recently sold US$866k worth of stock

Full year 2022 earnings released: EPS: US$3.52 (vs US$2.84 in FY 2021)

Founder & Co-Chairman recently sold US$10m worth of stock

Founder & Co-Chairman recently sold US$25m worth of stock

Upcoming dividend of US$0.25 per share at 1.3% yield

The Charles Schwab Corporation Declares Regular Quarterly Cash Dividend, Payable on February 24, 2023

The Charles Schwab Corporation (NYSE:SCHW) acquired Family Wealth Alliance LLC.

Now 22% undervalued

The Charles Schwab Corporation to Report Q4, 2022 Results on Jan 18, 2023

Founder & Co-Chairman recently sold US$11m worth of stock

Now 20% undervalued

Schwab Advisor Services Expands Ability for Matchmaking Between Advisor Firms

Now 20% undervalued

Insider recently sold US$318k worth of stock

The Charles Schwab Corporation Appoints Carrie Schwab-Pomerantz as Director