San Francisco Stock Broker Charles Schwab Recovering From Heart Surgery

SAN FRANCISCO (AP) — Charles Schwab, the founder and chairman of discount brokerage Charles Schwab Corp., is recuperating after undergoing successful heart valve replacement surgery on Friday.

CEO and President Walt Bettinger said Monday that the 73-year-old Schwab is “resting comfortably and recuperating well” and is expected to return home in the next few days.

Schwab founded the San Francisco-based company in 1971 as a traditional brokerage, and in 1974 shifted to the lower-fee discount brokerage model. The company now has more than 300 offices, with 8 million client brokerage accounts and $1.5 trillion in client assets.

Schwab has served as chairman since 1986. He also led the company as CEO and co-CEO nearly continuously from 1986 until October 2008.

Shares rose 8 cents to $17.10 in morning trading.

(© CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed. The Associated Press contributed to this report)

  • Market | Nuclear | Power | Prospects | Valve | Countries with Nuclear Weapons

    […] Nuclear power industry, a huge market. National Development and Reform Commission has repeatedly said that by 2020, nuclear power capacity could reach 60 million KW, higher than the original estimate of 40 million KW. This estimate, by 2020, China’s nuclear power construction, the total investment will reach approximately 7,500 Additionally on this topic you can read:… […]

blog comments powered by Disqus
Shine A Light On The Holiday Season With ‘Giving Tuesday’
Food For Families Drive

Listen Live