CHARLES SCHWAB
1937–
US finance executive Charles Schwab established the largest brokerage company in the US, buying and selling shares. He pioneered the sale of equity securities to the wider public.
Born in 1937 and educated at Stanford University, Charles “Chuck” R. Schwab founded an investment brokerage company in 1971. He became a trailblazer in the discount sector of the business after US policy changed in 1975 to allow variable commission rates to be charged. Schwab took an early lead in the industry by offering a combination of low prices and fast, efficient order executions—his company, Charles ...
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