Charles Schwab: King of Online Brokers

Posted on March 9, 2012

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Charles Schwab was born on July 29, 1937 in Sacramento, California. As a young boy, Schwab struggled with reading and writing, and dyslexia. In spite of these odds that almost put him down, Schwab became the founder of the first discount brokerage firm in the US.

Schwab studied college at Stanford University. He failed his English and French in his freshman year at Stanford. He made through his college through the help of friends and roommates. Although reading and writing are not his upside, he discovered he had high conceptual capabilities that helped him solve complex business problems.

He earned his BA in economics in 1959. He pursued graduate studies at Stanford Graduate School of Business where he earned his Master’s degree in Business Administration in 1961.

Schwab is the Chairman of the Board and CEO of the Charles Schwab Corporation which he established in 1974. His company pioneered online investing, employing more than 19,000 workers serving 8 million clients around the world.

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Posted in: CEOs