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TRENDING TAGS
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- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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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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